Manulife US REIT - Annual Report 2020

STATEMENTS OF CHANGES IN UNITHOLDERS’ FUNDS For the year ended 31 December 2020 Attributable to Unitholders Note Units in issue and to be issued Retained earnings Total US$’000 US$’000 US$’000 Group At 1 January 2020 1,148,319 109,859 1,258,178 Operations Net loss for the year − (43,284) (43,284) Net decrease in net assets resulting from operations − (43,284) (43,284) Unitholders’ transactions Issue of new Units: – Manager’s base fee paid/payable in Units 8,897 − 8,897 – Property Manager’s management fee paid/payable in Units 4,834 − 4,834 Distributions 14 (23,738) (46,999) (70,737) Net decrease in net assets resulting from Unitholders’ transactions (10,007) (46,999) (57,006) At 31 December 2020 1,138,312 19,576 1,157,888 At 1 January 2019 942,270 121,793 1,064,063 Operations Net income for the year − 47,565 47,565 Net increase in net assets resulting from operations − 47,565 47,565 Unitholders’ transactions Issue of new Units: – Private placements 14 174,000 − 174,000 – Preferential offering 14 62,656 − 62,656 – Manager’s base fee paid/payable in Units 8,334 − 8,334 – Manager’s performance fee paid in Units 1,360 − 1,360 – Property Manager’s management fee paid/payable in Units 4,276 − 4,276 Issuance costs 14 (4,707) − (4,707) Distributions 14 (39,870) (59,499) (99,369) Net increase/(decrease) in net assets resulting from Unitholders’ transactions 206,049 (59,499) 146,550 At 31 December 2019 1,148,319 109,859 1,258,178 The accompanying notes form an integral part of the financial statements. 123 ANNUAL REPORT 2020