Manulife US REIT - Annual Report 2021

MANULIFE US REIT 146 Note Units in issue and to be issued Accumulated losses Total US$’000 US$’000 US$’000 Trust At 1 January 2021 1,138,312 (26,837) 1,111,475 Operations Net income for the year − 60,558 60,558 Net increase in net assets resulting from operations − 60,558 60,558 Unitholders’ transactions Issue of new Units: – Private placement 100,001 − 100,001 – Manager’s base fee paid/payable in Units 8,560 − 8,560 – Property Manager’s management fee paid/payable in Units 4,595 − 4,595 Issuance costs (1,806) − (1,806) Distributions 13 (21,162) (99,773) (120,935) Net increase/(decrease) in net assets resulting fromUnitholders’ transactions 90,188 (99,773) (9,585) At 31 December 2021 1,228,500 (66,052) 1,162,448 At 1 January 2020 1,148,319 (14,385) 1,133,934 Operations Net income for the year − 34,547 34,547 Net increase in net assets resulting from operations − 34,547 34,547 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 13 (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 (26,837) 1,111,475 Statements of Changes in Unitholders’ Funds For the year ended 31 December 2021 The accompanying notes form an integral part of the financial statements.