| Taxation Conditions | The capital distribution component represents a return of capital to Unitholders for Singapore income tax purposes. The amount of the capital distribution component will be applied to reduce the cost base of Unitholders' LREIT units for Singapore income tax purposes. For Unitholders who are liable to Singapore income tax on profits from the sale of their LREIT units, the reduced cost base of their LREIT units will be used to calculate any taxable trading gains arising from the disposal of their LREIT units. |