Distribution

Handling and Notice Concerning Statute of Limitations for Distributions

The fiscal period is from February 1 to July 31 or August 1 to January 31 (6 months).
However, MFLP-REIT plans to conduct the merger with Advance Logistics Investment Corporation, effective November 1, 2024, and as a result, the operating period will temporarily be irregular as follows.
17th fiscal period: 3 months from August 1, 2024 to October 31, 2024,
18th fiscal period: 9 months from November 1, 2024 to July 31, 2025
19th fiscal period: 6 months from August 1, 2025 to October 31, 2025 (6-month operation period thereafter as usual)
To receive a distribution, unitholders must be listed on MFLP-REIT's final unitholder registry as of the end of each fiscal period.
The final trading day cum rights on the Tokyo Stock Exchange are mentioned below.
The right to receive a distribution expires in case a full three years has elapsed since the date on which the initial payment of distributions was done, pursuant to our incorporation.

Actual Distribution

15th Fiscal Period (ended Jan. 31, 2024)	Total Distributions Per Unit (Including distributions in excess of earnings)
		Distribution Per Unit (Excluding distributions in excess of earnings)	Distribution in Excess of Earnings Per Unit
	¥8,898	¥7,247	¥1,651

The final trading day ： January 29, 2024

Click here for information on tax treatment of distributions in excess of earnings. FILE()

Forecast Distribution

16th Fiscal Period (ended Jul. 31, 2024)	Total Distributions Per Unit (Including distributions in excess of earnings)
		Distribution Per Unit (Excluding distributions in excess of earnings)	Distribution in Excess of Earnings Per Unit
	¥9,214	¥7,156	¥2,058

The final trading day ： July 29, 2024

17th Fiscal Period (ended Oct. 31, 2024)	Total Distributions Per Unit (Including distributions in excess of earnings)
		Distribution Per Unit (Excluding distributions in excess of earnings)	Distribution in Excess of Earnings Per Unit
	¥4,657	¥3,396	¥1,261

The final trading day ： October 29, 2024

(Note)	It is assumed that the merger with Advance Logistics Investment Corporation will become effective as of November 1, 2024. In conjunction with the Merger, the operating period of the 17th fiscal period expected to be three months (August 1, 2024 to October 31, 2024), and the forecast distribution amount for this three-month operating period is shown.

18th Fiscal Period (ended Jul. 31, 2025)	Total Distributions Per Unit (Including distributions in excess of earnings)
		Distribution Per Unit (Excluding distributions in excess of earnings)	Distribution in Excess of Earnings Per Unit
	¥3,629	¥2,427	¥1,202

The final trading day ： July 29, 2025

(Note)	It is assumed that the merger with Advance Logistics Investment Corporation will become effective as of November 1, 2024. In conjunction with the Merger, the operating period of the 18th fiscal period expected to be nine months (November 1, 2024 to July 31, 2024), and the forecast distribution amount for this nine-month operating period is shown. In conjunction with the merger, a one-to-four split of investment units will be implemented on November 1, 2024, as the record date and October 31, 2024, and the amount of forecast distribution per unit after the split of investment units is implemented is shown.

(Note)

It is assumed that the merger with Advance Logistics Investment Corporation will become effective as of November 1, 2024.
In conjunction with the Merger, the operating period of the 18th fiscal period expected to be nine months (November 1, 2024 to July 31, 2024), and the forecast distribution amount for this nine-month operating period is shown.
In conjunction with the merger, a one-to-four split of investment units will be implemented on November 1, 2024, as the record date and October 31, 2024, and the amount of forecast distribution per unit after the split of investment units is implemented is shown.

19th Fiscal Period (ended Jan. 31, 2026)	Total Distributions Per Unit (Including distributions in excess of earnings)
		Distribution Per Unit (Excluding distributions in excess of earnings)	Distribution in Excess of Earnings Per Unit
	¥2,478	¥1,893	¥585

The final trading day ： January 28, 2026

(Note)	It is assumed that the merger with Advance Logistics Investment Corporation will become effective as of November 1, 2024. In conjunction with the merger, a one-to-four split of investment units will be implemented on November 1, 2024, as the record date and October 31, 2024, and the amount of forecast distribution per unit after the split of investment units is implemented is shown.

Distributions Per Unit

We will provide information following our announcement of financial results for the first fiscal period ending January 2017.

(Yen)

(Note):	It is assumed that the merger with Advance Logistics Investment Corporation will become effective as of November 1, 2024. From a comparative perspective, the above graph of distributions shows changes in the amount of distributions per unit after the split of investment units to be implemented on November 1, 2024, for the six-month operating period, as shown below. Therefore, please note that it does not indicate the actual or forecast change in the actual amount of distribution per unit. In conjunction with the Merger, the operating period of the 17th fiscal period expected to be three months (August 1, 2024 to October 31, 2024) and the 18th expected to be nine months (November 1, 2024 to July 31, 2024). Therefore, the forecast distribution amounts for the 17th and 18th fiscal periods are shown based on the assumption that the operating period is six months. In conjunction with the merger, a one-to-four split of investment units will be implemented on November 1, 2024, as the record date and October 31, 2024. Therefore, the distribution amounts for the 10th through 16th fiscal periods represent the amount converted into an amount per unit after the implementation of this split of investment units (the actual or forecast distribution amount for each fiscal period divided by 4).

(Note):

It is assumed that the merger with Advance Logistics Investment Corporation will become effective as of November 1, 2024.
From a comparative perspective, the above graph of distributions shows changes in the amount of distributions per unit after the split of investment units to be implemented on November 1, 2024, for the six-month operating period, as shown below. Therefore, please note that it does not indicate the actual or forecast change in the actual amount of distribution per unit.
In conjunction with the Merger, the operating period of the 17th fiscal period expected to be three months (August 1, 2024 to October 31, 2024) and the 18th expected to be nine months (November 1, 2024 to July 31, 2024).
Therefore, the forecast distribution amounts for the 17th and 18th fiscal periods are shown based on the assumption that the operating period is six months.
In conjunction with the merger, a one-to-four split of investment units will be implemented on November 1, 2024, as the record date and October 31, 2024.
Therefore, the distribution amounts for the 10th through 16th fiscal periods represent the amount converted into an amount per unit after the implementation of this split of investment units (the actual or forecast distribution amount for each fiscal period divided by 4).