CDL Hospitality REIT and Business Trust obtain IRAS tax ruling on 150 million Singapore dollars perpetual securities

SGX Filings04-30 18:19

CDL Hospitality Real Estate Investment Trust and CDL Hospitality Business Trust announced on Apr, 30 2026 that they have secured a ruling from the Inland Revenue Authority of Singapore confirming that the 150 million Singapore dollars 3.70% subordinated perpetual securities issued under their 1.5 billion Singapore dollars multicurrency debt issuance programme qualify as debt securities for tax purposes.

Under the ruling, the securities are treated as “debt securities” within Section 43H(4) of the Income Tax Act 1947 and Regulation 2 of the Income Tax (Qualifying Debt Securities) Regulations. Consequently, distributions on the securities will be regarded as interest on indebtedness, allowing investors to benefit from the tax concessions and exemptions available to qualifying debt securities, subject to the conditions in Sections 43H, 13(2) and 13(16) of the Income Tax Act and the QDS Regulations.

The perpetual securities, designated as Series 001, were issued by DBS Trustee Limited (as trustee of CDL Hospitality REIT) on Nov, 19 2025, following a pricing supplement dated Nov, 10 2025. Holders of the securities are advised to seek independent tax advice regarding their individual circumstances.

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