This translation of the original Japanese notice is provided solely for information purposes. Should there be any discrepancy between this translation and the Japanese original, the latter shall prevail.
July 18, 2025
REIT Issuer: Daiwa Office Investment Corporation (Stock Code No.: 8976) Representative: Toshisuke Tanaka, Executive Director
Asset Manager: Daiwa Real Estate Asset Management Co. Ltd. Representative: Yoshiki Nishigaki, President and Representative Director Inquiries to: Kentaro Azumi, Acquisition and Asset Management Division (Tel: +81-3-6215-9649)
Notice Concerning Determination of Acquisition of Own Investment Units(Acquisition of Own Investment Units Based on Article 80-5 of the Act on Investment Trusts and Investment Corporations)
We hereby announce that Daiwa Office Investment Corporation (the "Investment Corporation") has decided at its Board of Directors Meeting held today the acquisition of own investment units based on the provisions of Article 80-2 of the Act on Investment Trusts and Investment Corporations, which is applied by replacing the terms and phrases pursuant to the provisions of Paragraph 2, Article 80-5 of the said Act. Moreover, all the acquired own investment units are scheduled to be cancelled during the fiscal period ending November 2025 (40th Fiscal Period) as follows.
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Reason for Acquisition of Own Investment Units
After comprehensively taking into consideration the level of investment unit price, status of cash on hand, financial condition and market environment, etc., the Investment Corporation has determined that the enhancement of capital efficiency and return of profits to unitholders through acquisition and cancellation of own investment units will lead to the enhancement of unitholder value over the medium to long term.
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Summary of Matters Concerning the Acquisition
(1) Total number of investment units that can be acquired
13,000 units (upper limit)
(Share to total number of investment units outstanding (excluding treasury investment units): 1.38%)
(2) Total acquisition amount of investment units
3,000,000,000 yen (upper limit)
(3) Acquisition period
July 22, 2025 to November 13, 2025
The acquisition of own investment units by the Investment Corporation will end either when the total number of investment units acquired or total acquisition price of investment units mentioned above reaches the upper limit or when the above acquisition period expires. Moreover, the total acquisition amount of investment units was decided by considering the current status of cash on hand, capital requirements, level of LTV after the acquisition of own investment units and the time required until the completion of cancellation during the fiscal period ending November 2025 (40th Fiscal Period).
(Note) The total number of acquired units and the total acquisition amount may not reach the upper limit or the acquisition of own investment units may not be conducted depending on the level of investment unit price, liquidity, market trend, etc.
- Acquisition Method of Treasury Units
Own investment units are scheduled to be acquired through market purchase at the Tokyo Stock Exchange based on a discretionary transaction agreement pertaining to the acquisition of own investment units concluded with a securities company.
Moreover, all the acquired own investment units are scheduled to be cancelled with the resolution made at the Investment Corporation's Board of Directors Meeting during the fiscal period ending November 2025 (40th Fiscal Period) after the acquisition of own investment units.
End
[Reference]
Status of Holding of Own Investment Units as of July 18, 2025
Total number of investment units outstanding (excluding treasury investment units) | 943,155 units |
Number of treasury investment units | 0 units |
* Website URL of the Investment Corporation: https://www.daiwa-office.co.jp/en/