News
Clean-Up Distribution - Capital Distribution
Apr 30, 2020
| Announcement Title | Capital Distribution |
| Date & Time of Broadcast | Apr 30, 2020 7:27 |
| Status | New |
| Corporate Action Reference | SG200430CAPDTIA1 |
| Submitted By (Co./ Ind. Name) | Catherine Yeo |
| Designation | Company Secretary |
| Dividend/ Distribution Number | Not Applicable |
| Financial Year End | 30/09/2020 |
| Dividend/ Distribution Period | 01/10/2019 TO 14/04/2020 |
| Number of Days | 197 |
| Event Narrative | |
| Narrative Type | Narrative Text |
| Narrative version | Clean-up Distribution of 3.73 Singapore cents per FLCT Unit for the period from 1 October 2019 up to 14 April 2020, comprising of a tax-exempt income component of the distribution of 1.87 Singapore cents and a capital component of the distribution of 1.86 Singapore cents. Please see attached announcement for more information. |
| Taxation Conditions | The tax-exempt income component of the distribution is exempt from Singapore income tax in the hands of all unitholders of FLCT entitled to the Clean-Up Distribution ("Eligible Unitholders") regardless of their nationality, corporate identity or tax residence status. No tax will be deducted from such component. |
| Taxation Conditions | The capital component of the distribution represents a return of capital to Eligible Unitholders for Singapore income tax purposes. The amount of the Capital Distribution will be applied to reduce the cost base of unitholders' Units for Singapore income tax purposes. For Eligible Unitholders who are liable for Singapore income tax on profits from the sale of their Units, the reduced cost base of their Units will be used to calculate any taxable trading gains arising from the disposal of the Units. |
| Event Dates | |
| Record Date and Time | 14/04/2020 17:00:00 |
| Ex Date | 13/04/2020 |
| Disbursement Details | |
| Cash Payment Details | |
| Payment Type | Tax Not Applicable |
| Gross Rate (per share) | SGD 0.0186 |
| Net Rate (per share) | SGD 0.0186 |
| Pay Date | 26/06/2020 |
| Gross Rate Status | Actual Rate |
Applicable for REITs/ Business Trusts/ Stapled Securities |
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