C A M B R I D G E I N D U S T R I A L T R U S T
A N N U A L R E P O R T 2 0 1 5
/ 1 0 0
Note B – Distribution from Capital and Capital Gains
Distribution from capital of $2.1 million was paid during the year to offset the transitional impact on net income from
the conversion of master leases to multi-tenanted buildings which is associated with initially higher costs and vacancies.
Distribution from capital and capital gains in the previous financial year include $3.5 million from capital gains realised
from the sale of investment properties and $1.9 million from capital to fund the reduction in income contribution for
the year from properties undergoing asset enhancement initiatives including asset repositioning and reduction in net
income from the performance fees payable in cash.
Note C – Distributions
Group and Trust
2015
2014
$’000
$’000
Distributions to Unitholders during the financial year comprise:
Distribution of 1.204 cents per unit for the period from 1/7/2015 to 30/9/2015
15,553
–
Distribution of 1.225 cents per unit for the period from 1/4/2015 to 30/6/2015
15,784
–
Distribution of 1.225 cents per unit for the period from 1/1/2015 to 31/3/2015
15,677
–
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
47,014
47,105
Distribution of 1.252 cents per unit for the period from 1/10/2014 to 31/12/2014
15,920
–
Distribution of 1.251 cents per unit for the period from 1/10/2013 to 31/12/2013
–
15,504
Total Distributions to Unitholders during the financial year
(1)
62,934
62,609
Note:
(1)
Distributions were partly paid by CIT issuing an aggregate of 22.2 million units amounting to $14.6 million (2014: 28.8 million units amounting to $20.0
million), pursuant to the distribution reinvestment plan.
DISTRIBUTION STATEMENT
YEAR ENDED 31 DECEMBER 2015
The accompanying notes form an integral part of these financial statements.
