アドバンス・レジデンス投資法人(3269) – Notice Concerning Signing of Interest Rate Swap Agreement

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開示日時:2022/01/28 17:00:00

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January 28, 2022 For Immediate Release Advance Residence Investment Corporation Securities Code:3269 1-105 Kanda-Jinbocho, Chiyoda-ku, Tokyo Wataru Higuchi, Executive Director Asset Management Company: AD Investment Management Co., Ltd. Takeshi Takano, President Inquiries: Isao Kudo, Director TEL. +81-3-3518-0480 Notice Concerning Signing of Interest Rate Swap Agreement Advance Residence Investment Corporation announced today its decision to enter into interest rate swap agreements as detailed below. 1. Purpose for entering into interest rate swap agreements To hedge the risk of interest rate fluctuations of 700 million yen loanNote1 to be made on February 1, 2022. Note1 Please refer to the “Notice Concerning Debt Financing” dated January 27, 2022 for details. 2. Details of interest rate swap agreements Loan to be hedged: Long-term loan (700 million yen 10 year) Notional principal (million yen) Contract start date Contract end date Counterparty Repayment period Interest rate Pay (Fixed rate) Receive (Floating-rate) Nomura Securities Co., Ltd. 700 February 1, 2022 January 30, 2032 10.0 year 0.26350% Note2 3 month yen TIBOR Note2 Note2 Interest payment dates are the last business day of January, April, July, October, starting April 28, 2022 and contract end date. The interest rate for the loan above is to be basically fixed at 0.47350% by entering the interest rate swap agreement. 3. Contract date of interest rate swap agreements January 28, 2022 About Advance Residence Investment Corporation Advance Residence Investment Corporation is the largest residential J-REIT, investing in over 270 rental apartments located mostly in central Tokyo and in other major cities throughout Japan (AUM over 460 billion yen). ADR can be expected have a stable dividend in the long-term and can be considered as a defensive J-REIT, on back of the stable income from residential assets and with the largest dividend reserve among J-REITs. ADR’s website: https://www.adr-reit.com/en/ [Provisional Translation Only] English translation of the original Japanese document is provided solely for information purposes. Should there be any discrepancies between this translation and the Japanese original, the latter shall prevail.

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