1300 550 841
A Cromwell stapled security consists of a share in Cromwell Corporation Limited (CCL) and a unit in Cromwell Diversified Property Trust (CDPT), which are contractually bound together so that they cannot be sold or transferred separately. CCL and CDPT remain separate legal entities and are treated separately for tax purposes.
As at 31st March 2014, Cromwell had an NTA of $0.73 per stapled security. The NTA per stapled securities is calculated by dividing the net assets of Cromwell, excluding any intangible assets such as goodwill, by the number of stapled securities on issue.
To view the Cromwell property portfolio click here.
To view the 20 minute delayed ASX trading price of Cromwell click here.
Distributions from Cromwell can comprise either or both a distribution from CDPT and a dividend from CCL. For distribution details, click here. Distributions are usually declared at the end of each calendar quarter and paid around six weeks afterwards, in mid February, May, August and November.
The core business activities are property investment and funds management.
In December 2006, following unitholder and shareholder votes, five Cromwell managed unlisted property trusts were merged with CDPT, and the consolidated CDPT was stapled to CCL. Cromwell began trading on 12 December 2006 at a price of $1.20 with a market capitalisation of $835 million.
Yes, Cromwell issues tax statements after the end of the financial year. We endeavour to release tax statements at the end of August. You should not lodge your tax return until the statement is received.
Distributions from CDPT may be partially tax deferred. Allowances for the amortisation of the buildings, depreciation of plant and equipment and the writing off over time of capital raising and borrowing costs result in a portion of the distributions being tax deferred, however the portion of distributions which is tax deferred will vary from year to year. Deferred tax may be reduced in the future by capital gains tax discounts or other individual investor circumstances. Dividends from CCL may carry franking credits if CCL has already paid tax on income. It is anticipated that 2008/09 dividends will only be approximately 1/3 franked.
To check your current holding, contact the share registry for Cromwell Property Group, LINK Market Services Limited on 1300 550 841 or by clicking here.