Trust Structure

1st Business Trust with an internalised Trustee-Manager structure

Key Benefits

  • Stronger alignment of interest

    Unitholders gained the right to endorse the appointment of the Trustee-Manager's directors, strengthening the alignment of interests between the Unitholders of CRT and the Trustee-Manager.

  • Cost saving

    To realise annual cost savings as excess cash from the Trustee-Manager income and the payment of acquisition fees to the Trustee-Manager will be redistributed to the Unitholders.

Note: (1) Croesus Retail Asset Management Co., Ltd (“CRAM KK”) is a wholly-owned subsidiary of the Trustee-Manager which was incorporated in Japan to employ certain of the staff required in the TM’s operations.