Distribution

the End of fiscal period : January and July

Actual Dividend

the six-month period ended July31, 2021 (the 32nd): Dividend per Unit 4,800 yen

the six-month period ending January 31, 2022 (the 33rd): Dividend per Unit 4,850 yen

the six-month period ending July 31, 2022 (the 34th): Dividend per Unit 4,870 yen

The aforementioned forecast and calculations are based on certain assumptions as of September 14, 2021. Accordingly, the actual cash distribution may differ from the forecast due to the future acquisition and disposition of properties, changes in the real estate market and other conditions confronting JLF. We do not guarantee payment of the forecast cash distribution per unit.

DPU for the FP 2020/7 were calculated by dividing amount after deducting 856 million yen from unappropriated retained earnings for the period as provision for reserve for reduction entry by the number investment units issued and outstanding.
DPU for the FP 2021/1 were calculated by adding 224 million yen as reversal of reserve for reduction entry to unappropriated retained earnings for the fiscal period under review and dividing it by the total number of investment units issued and outstanding.
DPU for the FP 2021/7 were calculated by adding 431 million yen as reversal of reserve for reduction entry to unappropriated retained earnings for the fiscal period under review and dividing it by the total number of investment units issued and outstanding.

	FP 2021/7	FP 2022/1
Announcement of financial results	September 14, 2021	March 2022
Analysts' meeting	September 15, 2021	March 2022
Start of cash distribution payment	October 6, 2021	April 2022