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NOTES TO THE FINANCIAL STATEMENTS
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
11.
Units in issue
Trust
2015
2014
Number
of units
Number
of units
’000
’000
Units in issue:
At 1 January
1,269,030 1,239,339
Units created:
– Distribution Reinvestment Plan
22,184
28,773
– Management fees paid in units (base fees)
6,475
918
– Acquisition fees paid in units
86
–
At 31 December
1,297,775 1,269,030
Units to be issued:
– Management fees payable in units (base fees)
–
2,518
Total issued and issuable units at 31 December
1,297,775 1,271,548
Distribution Reinvestment Plan
During the financial year, the Trust issued a total of 22.2 million units (2014: 28.8 million units) in lieu of distribution
payments pursuant to a Distribution Reinvestment Plan (“DRP”), whereby the Unitholders have the option to
receive their distribution payment in units instead of cash or a combination of units and cash as follows:
Date of Issue
Number of
units issued
Issue price per
unit ($)
Period relating to
2015
27 February 2015
6,960,810
0.6669
1 October 2014 to 31 December 2014
10 June 2015
7,392,728
0.6886
1 January 2015 to 31 March 2015
8 September 2015
1,823,992
0.6499
1 April 2015 to 30 June 2015
8 December 2015
6,007,201
0.6072
1 July 2015 to 30 September 2015
2014
28 February 2014
7,682,235
0.6737
1 October 2013 to 31 December 2013
4 June 2014
8,526,823
0.7168
1 January 2014 to 31 March 2014
9 September 2014
7,327,516
0.6980
1 April 2014 to 30 June 2014
12 December 2014
5,236,573
0.6835
1 July 2014 to 30 September 2014
Units issued in lieu of distribution payment pursuant to DRP rank pari passu in all respects with the units in issue
which include the entitlement to all future distributions.
