Unitholders’ Capital

As of January 23, 2018

The following are the unitholders’ capital, total number of investment units authorized and total number of investment units issued and outstanding as of January 23, 2018.

Unitholders’ capital	10,165 million yen
Total number of investment units authorized	10,000,000 units
Total number of investment units issued and outstanding	74,632 units

Furthermore, the following are the changes in the unitholders’ capital and total number of investment units issued and outstanding since the incorporation of Nippon Healthcare Investment Corporation.

Date	Description	Total number of investment units issued and outstanding (units)		Unitholders’ capital (million yen)
		Number of units of increase	Balance	Amount of increase	Balance
January 7, 2014	Incorporation through private placement	1,000	1,000	100	100
April 3, 2014	Capital increase through private placement	18,800	19,800	1,880	1,980
November 4, 2014	Capital increase through public offering	39,000	58,800	5,616	7,596
December 3, 2014	Capital increase through third-party allocation	2,000	60,800	288	7,884
July 17, 2015	Distributions in excess of earnings (refund of investment)		60,800	(49)	7,834
November 17, 2015	Capital increase through public offering	12,130	72,930	2,297	10,132
December 16, 2015	Capital increase through third-party allocation	1,702	74,632	322	10,455
January 21, 2016	Distributions in excess of earnings (refund of investment)		74,632	(46)	10,408
July 15, 2016	Distributions in excess of earnings (refund of investment)		74,632	(59)	10,348
January 24, 2017	Distributions in excess of earnings (refund of investment)		74,632	(59)	10,288
July 18, 2017	Distributions in excess of earnings (refund of investment)		74,632	(59)	10,229
January 23, 2018	Distributions in excess of earnings (refund of investment)		74,632	(63)	10,165

Major Unitholders