Corporate | 6 April 2009 17:02
CR Capital Real Estate AG / Miscellaneous Announcement, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- CR Capital Real Estate AG obtains pre-REIT status Berlin, Germany, 6 April 2009: CR Capital Real Estate AG - CR Capital - (WKN [German securities ID code]: A0WMQ5; ISIN: DE000A0WMQ53), active in the high quality real estate segment, today announced that the Federal Central Tax Office has granted the Company pre-REIT status with retroactive effect as of 5 January 2009. 'On the way towards the planned REIT status in 2010, we have achieved an important interim goal with the pre-REIT status. This is an important signal for the capital market as tax privileges and high distribution rates are to be anticipated. We announced recently that we want to propose a dividend payment of EUR 0.20 per share to the Annual General Meeting, thus already reflecting the high payout ratio of a REIT. On the operating level, we are anticipating that the pre-REIT status will bring us advantages in acquiring new properties. CR Capital would like to make active use of the current market situation in order to expand its portfolio. Therefore, we are currently scanning the market for interesting properties generating good returns', explains Thomas Ehrich, CEO of CR Capital Real Estate AG. The Board of Management Background to CR Capital Real Estate AG: CR Capital Real Estate AG, founded in May 2008, is a real estate company whose core business is the acquisition, portfolio management, development and sale of high-quality residential and commercial properties. The company operates in the Berlin metropolitan area. Its goal is to achieve sustained and profit-oriented growth with a balanced property portfolio, with REIT status being targeted in 2010. Since October 2008, CR Capital Real Estate AG has been listed in the Open Market on the Frankfurt Stock Exchange. The company recently received the rating A+ from the independent Creditreform for its good credit standing. Company contact: CR Capital Real Estate AG Hubertusallee 73 14193 Berlin www.capital-real-estate-ag.de Phone: 030 / 89 72 72 48 Fax: 030 / 89 72 73 03 info@capital-real-estate-ag.de Investor Relations contact: GFEI Gesellschaft für Effekteninformation mbH Carl Bosch Haus Hamburger Allee 26-28 60486 Frankfurt am Main Phone: +49 (0)69 - 743 037 - 00 Fax: +49 (0)69 - 743 037 - 22 www.gfei.de cr-capital-real-estate@gfei.de 06.04.2009 Financial News transmitted by DGAP ----------------------------------------------------------------------