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SALIENT FEATURE of TRUST

Name of Trust

Tower Real Estate Investment Trust

Trust Type

Income and growth

Trust Category

Real Estate Investment Trust (“REIT”)

Investment Objectives

To invest in a portfolio of quality office buildings and commercial properties in order to:
> provide unit holders with regular and stable distributions; and
> achieve medium to long term growth in the Net Asset Value per unit.

Distribution Policy

Approximately 100% of the Distributable Income to unitholders was distributed for the financial period from the establishment date to 31 December 2006 and the financial year ended 31 December 2007. Thereafter, the Manager intends to distribute at least 90% of the Distributable Income for the relevant financial years.

The Manager intends to make semi-annual distributions to unitholders with the amount calculated as at 30 June and 31 December each year or such other percentages and at such other intervals as determined by the Manager at its discretion.

Financial Year End

31 December

Approved Fund Size

280,500,000 Units

 

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