Cash Distributions

Cash Distributions

For the Fiscal Period Ended
August 31, 2021 (15th Period)
Per Investment Unit: ¥3,550

Operating revenues for the reporting period were ¥10,505 million (down 6.0% compared with the previous fiscal period), operating profit was ¥5,763 million (down 7.5% compared with the previous fiscal period), ordinary profit after deducting interest expenses for borrowings, etc. was ¥5,053 million (down 8.4% compared with the previous fiscal period), and profit was ¥4,972 million (down 8.6% 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 ¥4,803,150,000 and keep the amount in excess of that amount in internal reserves for the stabilization of future distributions. Consequently, distributions per unit came to ¥3,550. The Investment Corporation plans to use internal reserves to ensure stability in distribution payments, by using it to mitigate the negative effects in cases of temporary or unexpected income decrease or cost increase.

Cash Distribution Forecast

For the Fiscal Period Ending
February 28, 2022 (16th Period)
Per Investment Unit: ¥3,600

The 16th period is from September 1, 2021 to February 28, 2022, a six-month period.

The above cash distribution forecast is calculated based on certain assumptions as of October 14, 2021, 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 28, 2022.

For the Fiscal Period Ending
August 31, 2022 (17th Period)
Per Investment Unit: ¥3,700

The 17th period is from March 1, 2022 to August 31, 2022, a six-month period.

The above cash distribution forecast is calculated based on certain assumptions as of October 14, 2021, 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 August 31, 2022.

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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