Stapled Security dividends / distributions
To date the following dividends / distributions have been paid:
| Period Ending |
Distribution/ Dividend |
Ex Dividend Date |
Record Date |
Payment Date |
DRP Price |
| 30 September 2008 |
2.5 cents |
25 September 2008 |
1 October 2008 |
14 November 2008 |
N/A |
| 30 June 2008 |
2.5 cents |
24 June 2008 |
30 June 2008 |
29 August 2008 |
N/A |
| 31 March 2008 |
2.5 cents |
25 March 2008 |
31 March 2008 |
15 May 2008 |
N/A |
| 31 December 2007 |
2.5 cents |
21 December 2007 |
31 December 2007 |
15 February 2007 |
$1.0835 |
| 30 September 2007 |
2.5 cents |
25 September 2007 |
2 October 2007 |
15 November 2007 |
$1.2477 |
| 30 June 2007 |
2.25 cents |
25 June 2007 |
29 June 2007 |
31 August 2007 |
$1.1662 |
| 31 March 2007 |
1.5 cents |
28 March 2007 |
3 April 2007 |
21 May 2007 |
$1.1268 |
| 31 Janaury 2007 |
1.5 cents |
6 February 2007 |
12 February 2007 |
20 March 2007 |
$1.1794 |
Property Preference Shares
The Property Preference Shares were redeemed at the initial issue price of $1.00 on 25 February 2008.
Cromwell Property Preference Shares (PPS) were created as a liquidity option for the Cromwell Diversified Property Trust (CDPT) and began trading on the Australian Stock Exchange (ASX) on 5 April 2004.
The shares have the right to an unfranked dividend at a rate equal to the higher of 8.5% pa or 95% of the annualised cash distributions paid by CDPT to Cromwell Corporation Limited (CCL) on units held by CCL in CDPT. Dividends are paid every 6 months.
The full rights attached to each PPS is set out in detail in the conversion offer sent to unitholders who have indicated in writing that they wish to sell their units in CDPT to CCL in exchange for PPS.
To date the following dividends have been paid:
| Period Ending |
Dividend |
Record Date |
Payment Date |
Yield |
| 25 February 2008 |
1.55 cents |
15 February 2008 |
25 February 2008 |
9.50% |
| 30 June 2007 |
4.275 cents |
26 July 2007 |
31 August 2007 |
8.50% |
| 31 December 2006 |
4.275 cents |
25 January 2007 |
31 January 2007 |
8.50% |
| 30 June 2006 |
4.276 cents |
17 August 2006 |
24 August 2006 |
8.55% |
| 31 December 2005 |
4.275 cents |
27 January 2006 |
14 February 2006 |
8.55% |
| 30 June 2005 |
4.500 cents |
9 September 2005 |
21 September 2005 |
8.55% |
| 31 December 2004 |
4.400 cents |
15 March 2004 |
21 March 2004 |
8.64% |
| 30 June 2004 |
2.200 cents |
23 July 2004 |
30 July 2004 |
8.50% |
Cromwell Corporation Limited
In December 2006, following a 0.8879:1 reconstruction, shares in Cromwell Corporation Limited (CCL) were stapled to units in the Cromwell Diversified Property Trust (CDPT) creating the ASX-listed Cromwell Group stapled security. Shareholders who held CCL shares at the time of stapling became Cromwell Group securityholders.
Below are the dividends paid to CCL shareholders prior to stapling.
| Period Ending |
Distribution / Dividend |
Ex Dividend Date |
Record Date |
Payment Date |
DRP Price |
| Special Dividend* |
0.1 cents |
12 December 2006 |
15 December 2006 |
19 December 2006 |
N/A |
| 30 June 2006 |
4.5 cents |
28 September 2006 |
5 October 2006 |
12 October 2006 |
N/A |
| 30 June 2005 |
1.5 cents |
26 October 2005 |
2 November 2005 |
15 November 2005 |
N/A |
*Special Dividend used to subscribe for units in CDPT as part of the stapling transaction.
Tax File Number
Securityholders are not obliged to quote their Tax File Number (TFN) or Australian Business Number (ABN) however tax may be deducted from unfranked portions of distributions/dividends at the highest marginal rate. To find how to advise your details click here.
Tax Guides