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Forecasted Merger Consideration in the form of Cash Distributions for the FP Ending April 30, 2018 (Final Fiscal Period)

Merger Consideration in the form of cash distributions per Unit : 2,700 yen

As announced in the “Notice Concerning Conclusion of a Merger Agreement between Sekisui House Reit, Inc. and Sekisui House Residential Investment Corporation” released on January 24th, 2018, The Investment Corporation intends to implement an absorption-type merger on the effective date of May 1, 2018, with Sekisui House Reit, Inc. as the surviving corporation and The Investment Corporation as the dissolving corporation, and executed a merger agreement as of the same day.

In relation to this, The Investment Corporation intends to submit a proposal to its general meeting of unitholders, which is scheduled to be held on March 27, 2018, regarding an amendment of its articles of incorporation to change its fiscal period end dates from March 31 and September 30 to April 30 and October 31, respectively. Provided that such amendment of the articles of incorporation is approved at the general meeting of unitholders, The Investment Corporation’s final fiscal period, if the Investment Corporation Merger comes into effect, is scheduled to be the seven-month period from October 1, 2017 to April 30, 2018.

The above forecasted merger consideration in the form of cash distributions, as the proceeds of cash distributions for final fiscal period, are the estimated figures as of January 24, 2018 calculated based on certain assumptions, on the premise that the merger will come into effect and merger consideration in the form of cash distributions per unit may vary due to trends in the real estate market and the like, and changes in the investment environment and other conditions surrounding the Investment Corporation. The forecasts should not be construed as a guarantee of the amount of merger consideration in the form of cash distributions.

Registered unitholders as of April 30, 2018 are eligible for the receipt of merger consideration in the form of cash distributions. The final trading day on the Tokyo Stock Exchange for merger consideration in the form of cash distribution eligibility is April 24, 2018.


Forecast Cash Distribution for the 8th FP Ending October 31, 2018

Distribution per Unit : 1,323 yen

The 8th fiscal period covers the period commencing May 1, 2018 through October 31, 2018.
The above forecasted figures are the estimated figures as of January 24, 2018 calculated based on certain assumptions, on the premise that the Investment Corporation Merger will come into effect.
Accordingly, the actual cash distribution is subject to change depending on a variety of factors, including future acquisition and disposition of real estate and other investment assets, real estate market trends and changes in the Investment Corporation’s operating environment. The Investment Corporation does not guarantee the payment of cash distributions.
In Addition, The above forecasted distribution includes distributions in exess of earnings (JPY145).
Registered unitholders as of October 31, 2018 are eligible for the receipt of cash distributions. The final trading day on the Tokyo Stock Exchange for cash distribution eligibility is October 26, 2018.


Forecast Cash Distributions for the 9th FP Ending April 30, 2019

Distribution per Unit : 1,495 yen

The 9th fiscal period covers the period commencing November 1, 2018 through April 30, 2019.
The above forecasted figures are the estimated figures as of January 24,2018 calculated based on certain assumptions, on the premise that the Investment Corporation Merger will come into effect.
Accordingly, the actual cash distribution is subject to change depending on a variety of factors, including future acquisition and disposition of real estate and other investment assets, real estate market trends and changes in the Investment Corporation’s operating environment. The Investment Corporation does not guarantee the payment of cash distributions.
Registered unitholders as of April 30, 2019 are eligible for the receipt of cash distributions. The final trading day on the Tokyo Stock Exchange for cash distribution eligibility is April 24, 2019.


Actual Cash Distributions for the 24th FP Ended September 30, 2017

Distribution per Unit : 2,255 yen

The 24th fiscal period covers the period commencing April 1, 2017 through September 30, 2017.
Registered unitholders as of September 30, 2017 are eligible for the receipt of cash distributions. The final trading day on the Tokyo Stock Exchange for cash distribution eligibility was September 26, 2017.
The cash distributions for the 24th fiscal period has been paid from December 15, 2017.

Results of the Cash Distribution per Unit

5 most recent period(20th - 24th)

*Figures will be shown when the mouse pointer is placed over the graph.
(YEN)
(Note)
The Investment Corporation implemented a five-for-one split of its investment units on April 1, 2014. Taking into consideration the impact of the split, cash distribution per unit for the fiscal period ended March 31, 2014 and earlier periods are the fifth of the actual figures indicated in parenthesis, and cash distribution per unit from the fiscal period ended September 30, 2014 onward, shows a figure that is five times the forecast figure in parentheses.
20th period21st period22nd period23rd period24th period
2,122 Yen
(10,610 Yen)
2,125 Yen
(10,625 Yen)
2,145 Yen
(10,725 Yen)
2,234 Yen
(11,170 Yen)
2,255 Yen
(11,275 Yen)

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