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- Concerning the Merger
Schedule
| Kenedix Office Investment Corporation (Surviving corporation) |
Kenedix Residential Next Investment Corporation (Dissolving corporation) |
Kenedix Retail REIT Corporation (Dissolving corporation) |
|
|---|---|---|---|
| Execution date of the merger agreement | June 13, 2023 | ||
| General meeting of unitholders | August 22, 2023 | August 21, 2023 | August 21, 2023 |
| Date of delisting | - | October 30, 2023 | |
| Effective date of the merger | November 1, 2023 | ||
| End of the first fiscal period after the merger | April 30, 2024 | ||
Payment Upon the Merger for the Final Fiscal Period of KDR and KRR
KDXR pays unitholders of KDR and KRR (the unitholders stated or recorded in the final unitholders’ registers of KDR and KRR on the day before the effective date of the Merger), in lieu of cash distributions (distributions of profits) for the last fiscal period of KDR and KRR which ends the day before the effective date of the Merger, the Payment upon the Merger in the form of cash distributions based on distributable income of KDR and KRR for that same period of an amount (disregarding fractions of a yen) which is the quotient resulting from a division of the amount of distributable income of KDR and KRR on the date before the effective date of the Merger by the number of issued investment units of KDR and KRR on that date as reduced by the number of investment units held by unitholders.
To receive the Payment upon the Merger, the unitholders need to be recorded in the unitholders' registers as of October 31, 2023. KDR and KRR were delisted on October 30, 2023.
| Final fiscal period of Kenedix Residential Next Investment Corporation Fiscal Period Ended October 31, 2023 (from August 1, 2023 to October 31, 2023) |
Payment upon the Merger per unit (actual): 2,070 yen |
|---|---|
| Final fiscal period of Kenedix Retail REIT Corporation Fiscal Period Ended October 31, 2023 (from April 1, 2023 to October 31, 2023) |
Payment upon the Merger per unit (actual): 7,716 yen |
| The date for the beginning of Payment upon the Merger | January 22, 2024 |