Manager’s Report Manager’s investment strategies and policies (Cont’d) To achieve the Fund’s primary objective, the Manager will seek to achieve the following strategies: (a) Active asset management strategy The Manager will seek to optimise the rental rates, occupancy rates and Net Lettable Area (“NLA”) of the Fund’s properties in order to improve the returns from the Fund’s property portfolio. (b) Acquisition growth strategy The Manager will source for and acquire properties that fit within the Fund’s investment strategy to enhance returns to unitholders and to capitalise on opportunities for future income and net asset value growth. (c) Capital and risk management strategy The Manager will endeavour to employ an appropriate mix of debt and equity in financing acquisitions, seek to manage financing and refinancing risk and to adopt an active financing rate management strategy to manage the risks associated with changes in financing rates. The investments of the Fund are subject to the following investment limits imposed by the REIT Guidelines: (a) at least 50% of the Fund’s total asset value must be invested in real estate assets at all times; and (b) not more than 25% of the Fund’s total asset value may be invested in non-real estate-related assets and/or cash, Shariah-compliant deposits and Islamic money market instruments, The investments of the Fund are limited to instruments in both real estate-related assets and non-real estate-related assets as follows: (a) the value of the Fund’s investments in securities issued by any single issuer must not exceed 5% of the Fund’s total asset value; (b) the value of the Fund’s investment in securities issued by any group of companies must not exceed 10% of the Fund’s total asset value; and (c) the Fund’s investment in any class of securities must not exceed 10% of the securities issued by any single issuer; or Such other limits and investments as may be permitted by the Securities Commission Malaysia or the REIT Guidelines. Directors of the Manager The directors of the Manager in office since the beginning of the financial year and to the date of this report are: Shamsul Anuar bin Abdul Majid Datuk Sr Akmal bin Ahmad Abdullah bin Abu Samah 1 ABOUT US 177 3 SUSTAINABILITY STATEMENT 6 FINANCIAL STATEMENTS 2 BUSINESS OVERVIEW 4 CORPORATE GOVERNANCE 5 OTHER INFORMATION
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