MANAGER’S REPORT DIRECTORS OF THE MANAGER’S INTERESTS (CONT’D) Save as disclosed above, none of the other Directors of the Manager in office at the end of the financial year had any interest in units of the Fund and of its related corporations during and at the end of the financial year. MANAGER’S REMUNERATION Pursuant to the Second Restated Trust Deed dated 25 November 2019 and the Supplemental Deed to the Second Restated Trust Deed dated 29 December 2022, the Manager is entitled to receive the following fees from the Fund: (a) Management fee of 0.3% per annum of the total assets value of the Fund calculated based on monthly accrual basis and payable monthly in arrears; (b) An acquisition fee of 1% of the acquisition price of any investment property purchased directly or indirectly by the Fund which is payable after the completion of the acquisition; and (c) A disposal fee of 0.5% of the disposal price of any investment property to be disposed directly or indirectly by the Fund which is payable upon completion of the disposal. SOFT COMMISSION During the year, the Manager did not receive any soft commission from its broker, by virtue of transactions conducted by the Fund. RESERVES AND PROVISIONS There was no material transfer to and from reserves or provisions during the financial year, other than those as disclosed in the financial statements. ISSUE OF UNITSHOLDERS’ UNITS During the year, the Fund increased its issued and fully paid-up unitholders’ capital from RM731,398,126 to RM756,408,942 by way of the issuance of 20,500,669 units of unitholders’ capital at an issue price of RM1.22 per units to KPJ Healthcare Berhad offset against the proceeds from acquisition of hospitals. HOLDING CORPORATION The ultimate holding corporation of the Fund is Johor Corporation, a body corporate established under the Johor Corporation Enactment No. 4, 1968 (as amended by the Enactment No. 5, 1995). AL-`AQAR HEALTHCARE REIT ANNUAL REPORT 2022 134
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