United Urban Investment Corporation

Securities Code
8960

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Distribution Policies

The Investment Corporation shall make cash distributions to unitholders and registered investment unit pledgees whose names are listed or recorded as such on the registry of unitholders as of the last day of each fiscal period in accordance with the following distribution policies:
(For details, please refer to "Cash Distributions" page.)

  1. Method of Calculating Total Amount of Cash Distributions to Unitholders
    1. Of the total amount of the cash distributions payable to unitholders, the amount of profits shall be calculated in accordance with generally accepted accounting standards and principles in Japan. (Article 35, Paragraph 1 of the Articles of Incorporation)
    2. The Investment Corporation shall, in principle, distribute the amount that exceeds 90% of the Investment Corporation's distributable profit as stipulated in Article 67-15, Paragraph 1 of the Act on Special Measures Concerning Taxation (or, if the method of calculating the amount is changed due to the amendments of laws and regulations, the changed amount). (Article 35, Paragraph 1 of the Articles of Incorporation)
  2. Distribution in Excess of Profits
    The Investment Corporation can distribute an amount in excess of its profit for each fiscal period, provided that it deems such distribution appropriate and that the amount does not exceed that permitted by the rules of The Investment Trusts Association, Japan, to the extent specified by laws. Distribution in excess of profits may be done in the events that the amount of cash distribution does not satisfy the requirement stipulated in Special Provisions for Taxation on Investment Corporations or the corporate tax is not imposed, in view of the real estate market trends. (Article 35, Paragraph 2 of the Articles of Incorporation)
  3. Method of Cash Distribution
    Distributions shall be paid in cash and, in principle, within three months from the last day of each fiscal period to unitholders and registered investment unit pledgees whose names are listed or recorded as such on the registry of unitholders as of the last day of each fiscal period in proportion to the number of investment units held or the number of investment units for registered investment unit pledge. (Article 35, Paragraph 3 of the Articles of Incorporation)
  4. Extinctive Prescription for Cash Distributions
    The Investment Corporation shall be discharged from the obligation to pay the distributions to unitholders or registered investment unit pledgees after the elapse of not less than three years from the date of commencement of payment of any such distribution. The unpaid cash distributions shall not bear interest. (Article 35, Paragraph 4 of the Articles of Incorporation)
  5. Rules of the Investment Trusts Association of Japan
    In addition to the distribution policies set out above, the Investment Corporation shall comply with the relevant rules of the Investment Trusts Association of Japan. (Article 35, Paragraph 5 of the Articles of Incorporation)

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