Management Team and Management Structure of Japan Logistics Fund, Inc.

Profile

Japan Logistics Fund, Inc. (JLF) is an investment corporation established with the objective of investing in assets, primarily Designated Assets as defined by the Investment Trust Law of Japan. JLF entrusts management of its assets to the asset management company Mitsui & Co., Logistics Partners Ltd. (MLP).

JLF's core investment objectives are to achieve sustainable growth in portfolio value and stable profits on a medium- to long-term basis. JLF achieves this target through investment in logistics properties. MLP also invests in securities, beneficiary certificates representing beneficial interests in trusts (beneficiary certificates) and other assets backed by the logistics properties.

 

Company Name	Japan Logistics Fund, Inc.
Executive Director	Reiji Fujita
Address	4-3 Hitotsubashi 2-chome, Chiyoda-ku, Tokyo 101-0003
Asset Management Company	Mitsui & Co., Logistics Partners Ltd.
	Telephone: 03-3238-7171

 

Management Structure

 

 

Specific matters pertaining to JLF that are subject to the Investment Trust Law of Japan or the Company's articles of incorporation are decided by a resolution of the Unitholders' Meeting, which convenes at least once every two years in principle.
The Unitholders' Meeting adopts or vetoes resolutions based on a simple majority of the voting rights of unitholders in attendance, unless otherwise stipulated by laws or regulations of JLF's articles of incorporation.

Decisions on substantive matters such as changes in the articles of incorporation require the attendance of unitholders that control a simple majority of total shares issued and outstanding, as well as a two-thirds majority of the voting rights of such unitholders. In addition, any changes in the asset management policies and standards, which are stipulated by JLF's articles of incorporation, require an extraordinary resolution of unitholders as outlined above.

 

Executive Directors, Supervisory Directors and Board of Directors

JLF's articles of incorporation stipulate that JLF must have one or more executive directors and two or more supervisory directors (however, the number of supervisory directors must always be at least one greater than the number of executive directors). As of January 30, 2012, JLF had one executive director and two supervisory directors as described below.

Supervisory directors are responsible for supervising the execution of the executive director.

The Board of Directors consists of the executive director and the supervisory directors. Its responsibilities include authorizing business execution and supervising the performance of the executive director. Resolutions by the Board of Directors require a simple majority, with more than half of the members of the Board in attendance.

 

Members of the Board

Name	Title
Reiji Fujita	Executive Director	―
Takachiyo Sutou	Supervisory Director	Real Estate Appraiser
Tetsuya Azuma	Supervisory Director	Certified public accountant, Certified tax accountant

Note: Reiji Fujita doubles as the President of MLP, the asset management company, as well as the Executive Director of JLF. His concurrent positions have been specially authorized by the Minister of the FSA under Article 31-4-1 of the Financial Instruments and Exchange Act.