(Constituted in the Republic of Singapore pursuant to a Trust Deed dated 31 March 2006 (as amended))
NOTICE OF BOOKS CLOSURE AND DISTRIBUTION PAYMENT DATE
NOTICE IS HEREBY GIVEN that the Transfer Books and Register of Unitholders of Cambridge Industrial Trust ("CIT") will be closed at 5.00 pm on 1 August 2013 for the purpose of determining unitholders' entitlements to CIT's distribution.
CITM has announced a distribution of 1.240 cents per unit for Cambridge units for the period 1
April 2013 to 30 June 2013 comprising distributions from the following:
(a) Taxable income 0.018 cents per unit (b) Capital gains 0.095 cents per unit (c) Capital 1.127 cents per unit
Unitholders whose securities accounts with The Central Depository (Pte) Limited are credited with CIT units as at 5.00 pm on 1 August 2013 will be entitled to the distributions that will be paid on 9 September 2013.
1. The capital component of the distribution refers to:
(a) capital gains arising from the sale of investment properties, that has been confirmed by the IRAS as capital gains, which is not taxable in the hands of Unitholders provided that the Units are not held by them as trading assets. The Trustee and the Manager of CIT will not have to deduct tax from the distributions made out of such confirmed capital gains; and
(b) capital distribution for Singapore income tax purposes and is therefore not subject to income tax. For unitholders who hold the units as trading assets, the amount of capital distribution will be applied to reduce the cost base of their units for the purpose of calculating the amount of taxable trading gains arising from the disposal of the units.
2. The Trustee and Manager of CIT will not deduct tax from distributions made out of CIT's taxable income that is not taxed at CIT's level to:
(a) Unitholders who are individuals and who hold the units either in their sole names or jointly with other individuals;
(b) Unitholders which are companies incorporated and tax resident in Singapore;
(c) Unitholders which are Singapore branches of foreign companies that have obtained specific approval from the Inland Revenue Authority of Singapore to receive the distribution from the Trustee of CIT without deduction of tax; or