Cash Distributions

Cash Distributions

For the Fiscal Period Ended
August 31, 2023 (19th Period)
Per Investment Unit: ¥3,480

The operating revenues for the reporting period were ¥11,222 million (up 5.1% compared with the previous fiscal period), operating profit was ¥5,882 million (up 4.6% compared with the previous fiscal period), ordinary profit after deducting interest expenses for borrowings, etc. was ¥5,099 million (up 4.3% compared with the previous fiscal period), and profit was ¥5,063 million (up 3.6% 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 applied special measures for the taxation system for investment corporations (Article 67-15 of the Act on Special Measures Concerning Taxation) and decided to pay distributions for the reporting period of an amount of the initially forecasted distribution of ¥5,011,200,000 and retain earnings in excess of distributions in internal reserves. Consequently, distributions per unit came to ¥3,480.

Cash Distribution Forecast

For the Fiscal Period Ending
February 29, 2024 (20th Period)
Per Investment Unit: ¥3,480

The 20th period is from September 1, 2023 to February 29, 2024, a six-month period.

The above cash distribution forecast is calculated based on certain assumptions as of October 17, 2023, and the actual distributions may vary due to factors such as additional acquisitions or transfers of real estate, etc., upswings or downswings in the real estate market or other changes in market conditions affecting the Investment Corporation. These forecasts do not guarantee the distribution amount.

Eligibility to receive cash distributions is limited to registered unitholders of record as of February 29, 2024.

For the Fiscal Period Ending
August 31, 2024 (21th Period)
Per Investment Unit: ¥3,480

The 21th period is from March 1, 2024 to August 31, 2024, a six-month period.

The above cash distribution forecast is calculated based on certain assumptions as of October 17, 2023, and the actual distributions may vary due to factors such as additional acquisitions or transfers of real estate, etc., upswings or downswings in the real estate market or other changes in market conditions affecting the Investment Corporation. These forecasts do not guarantee the distribution amount.

Eligibility to receive cash distributions is limited to registered unitholders of record as of Augsut 31, 2024.

Time Limitation on Claim for Cash Distributions

In accordance with the Hulic Reit’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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