An update from Japan Logistics Fund, Inc. ( (JP:8967) ) is now available.
Japan Logistics Fund, Inc. announced a partial amendment to its cash distribution policy, effective April 24, 2025, contingent upon approval at the upcoming General Unitholders’ Meeting. The amendment will allow for distributions in excess of earnings under certain conditions, aiming to stabilize dividends per unit and address the current discount of the investment unit price to the net asset value per unit. Despite the changes, JLF will not make distributions in excess of earnings for the fiscal periods ending July 2025 and January 2026 due to existing reserves, ensuring the amendment does not affect the operating forecast for these periods.
More about Japan Logistics Fund, Inc.
Japan Logistics Fund, Inc. operates as a Real Estate Investment Trust (REIT) focusing on logistics facilities. It primarily invests in logistics properties, which are characterized by a high ratio of building value to land value and significant depreciation expenses. The company aims to efficiently manage cash and provide returns to its unitholders.
YTD Price Performance: 4.72%
Average Trading Volume: 7
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €1.49B
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