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Cash Distributions

Cash Distributions

For the Fiscal Period Ended August 31, 2018 (9th Period)
Per Investment Unit: ¥3,643

operating revenues for the reporting period were ¥8,101 million (down 1.0% compared with the previous fiscal period), operating income was ¥4,576 million (down 3.3% compared with the previous fiscal period), ordinary income after deducting interest expenses for borrowings, etc. was ¥4,044 million (down 4.1% compared with the previous fiscal period), and profit was ¥4,043 million (down 4.1% 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 ¥3,643

Cash Distribution Forecast

For the Fiscal Period Ending February 28, 2019 (10th Period)
Per Investment Unit: ¥3,450

The 10th period is from September 1, 2018 to February 28, 2019, a six-month period.

The above cash distribution forecast is calculated based on certain assumptions as of October 12, 2018, 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 28, 2019.
The final trading date for cash distribution eligibility on the Tokyo Stock Exchange is February 25, 2019.

For the Fiscal Period Ending August 31, 2019 (11th Period)
Per Investment Unit: ¥3,350

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 October 12, 2018, 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.
The final trading date for cash distribution eligibility on the Tokyo Stock Exchange is August 27, 2019.

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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