NOTES TO THE FINANCIAL STATEMENTS Year ended 31 December 2023 40 SUBSEQUENT EVENTS The acquisition of the turnkey rental housing property in Fukuoka known as Teriha Ocean Stage (which had been entered into in FY2022), was completed on 24 January 2024. On 29 January 2024, the REIT Manager and BT Trustee-Manager declared a distribution of 3.095 cents per Stapled Security amounting to $116,497,000 in respect of the period from 14 August 2023 to 31 December 2023. On 31 January 2024, the Stapled Group completed the divestment of Courtyard by Marriott Sydney-North Ryde in Australia. On 31 January 2024, the CapitaLand Ascott REIT Group entered into a conditional sale and purchase agreement with an unrelated third party to divest Citadines Mount Sophia Property Singapore for $148.0 million. The divestment was completed on 1 March 2024. On 27 February 2024, the REIT Manager and BT Trustee-Manager issued 12,052,564 Stapled Securities at an issue price of $0.9766 per Stapled Security to the REIT Manager. These Stapled Securities were issued as partial payment of the base fee (as defined in the CapitaLand Ascott REIT Trust Deed) for the period from 1 October 2023 to 31 December 2023 and the performance fee for the period from 1 January 2023 to 31 December 2023. On 27 February 2024, the REIT Manager and BT Trustee-Manager issued 695,489 Stapled Securities at an issue price of $0.9766 per Stapled Security to the BT Trustee-Manager. These Stapled Securities were issued to the BT Trustee-Manager as partial payment of the base fee and performance fee (as defined in the CapitaLand Ascott BT Trust Deed) for the period from 1 October 2023 to 31 December 2023 and additional outperformance fee for the period from 1 January 2023 to 31 December 2023. 316 CAPITALAND ASCOTT TRUST
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