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Cash Distributions

Cash Distributions

For the Fiscal Period Ended February 28, 2019 (10th Period)
Per Investment Unit: ¥3,516

operating revenues for the reporting period were ¥8,944million (up 10.4% compared with the previous fiscal period), operating income was ¥4,995 million (up 9.2% compared with the previous fiscal period), ordinary income after deducting interest expenses for borrowings, etc. was ¥4,399 million (up 8.8% compared with the previous fiscal period), and profit was ¥4,398 million (up 8.8% compared with the previous fiscal period).
Furthermore, in accordance with the distribution policy set forth in the Investment Corporation’s Articles of Incorporation, the Investment Corporation has decided to pay distributions for the reporting period in an amount roughly equal to unappropriated retained earnings, with the aim of including distributions of profits in tax deductible expenses pursuant to special measures for the taxation system for investment corporations (Article 67-15 of the Act on Special Measures Concerning Taxation). Consequently, distributions per unit came to ¥3,516

Cash Distribution Forecast

For the Fiscal Period Ending August 31, 2019 (11th Period)
Per Investment Unit: ¥3,460

The 11th period is from March 1, 2019 to August 31, 2019, a six-month period.

The above cash distribution forecast is calculated based on certain assumptions as of September 9, 2019, and the actual cash distribution may vary due to the acquisition and/or sale of investment properties, changes in the real estate market, and other factors. Moreover, the above forecast is not a guarantee of actual payment of cash distribution.

Eligibility to receive cash distributions is limited to registered unitholders of record as of August 31, 2019.

For the Fiscal Period Ending February 29, 2020 (12th Period)
Per Investment Unit: ¥3,460

The 12th period is from September 1, 2019 to February 29, 2020, a six-month period.

The above cash distribution forecast is calculated based on certain assumptions as of September 9, 2019, and the actual cash distribution may vary due to the acquisition and/or sale of investment properties, changes in the real estate market, and other factors. Moreover, the above forecast is not a guarantee of actual payment of cash distribution.

Eligibility to receive cash distributions is limited to registered unitholders of record as of February 29, 2020.

For the Fiscal Period Ending August 31, 2020 (13th Period)
Per Investment Unit: ¥3,460

The 13th period is from March 1, 2019 to August 31, 2020, a six-month period.

The above cash distribution forecast is calculated based on certain assumptions as of September 9, 2019, and the actual cash distribution may vary due to the acquisition and/or sale of investment properties, changes in the real estate market, and other factors. Moreover, the above forecast is not a guarantee of actual payment of cash distribution.

Eligibility to receive cash distributions is limited to registered unitholders of record as of August 31, 2020.

Time Limitation on Claim for Cash Distributions

In accordance with the Investment Corporation’s Articles of Incorporation, if three full years have passed from the date of commencement of payment of the distributions, the Investment Corporation shall be exempt from its obligation to pay such distributions. Moreover, no interest shall accrue on unpaid distributions.

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