Note B – Distribution from Capital and Capital Gains
Distribution from capital and capital gains includes:
•
$3.5 million (2013: $3.9 million) from capital gains realised from the sale of investment properties and $0.2 million
(2013: Nil) from capital to fund the reduction in income contribution for the year from properties undergoing
asset enhancement initiatives including asset repositioning; and
•
$1.7 million (2013: $13.9 million) from capital to fund the reduction in net income from the performance fees
payable in cash.
Note C – Distributions
Group and Trust
2014
2013
$’000
$’000
Distributions to Unitholders during the financial year comprise:
Distribution of 1.250 cents per unit for the period from 1/7/2014 to 30/9/2014
15,797
–
Distribution of 1.251 cents per unit for the period from 1/4/2014 to 30/6/2014
15,708
–
Distribution of 1.251 cents per unit for the period from 1/1/2014 to 31/3/2014
15,600
–
Distribution of 1.251 cents per unit for the period from 1/7/2013 to 30/9/2013
– 15,419
Distribution of 1.240 cents per unit for the period from 1/4/2013 to 30/6/2013
– 15,256
Distribution of 1.234 cents per unit for the period from 1/1/2013 to 31/3/2013
– 15,103
47,105
45,778
Distribution of 1.251 cents per unit for the period from 01/10/2013 to 31/12/2013
15,504
–
Distribution of 1.229 cents per unit for the period from 01/10/2012 to 31/12/2012
– 14,945
Total Distributions to Unitholders during the financial year
(1)
62,609
60,723
Note:
(1)
Distributions were partly paid by CIT issuing an aggregate of 28,773,147 units amounting to $20.0 million (2013: 23,323,430 units amounting to $16.9
million), pursuant to the distribution reinvestment plan.
DISTRIBUTION STATEMENT
YEAR ENDED 31 DECEMBER 2014
The accompanying notes form an integral part of these financial statements.
CAMBRIDGE INDUSTRIAL TRUST | ANNUAL REPORT 2014
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