Capitalization and Major Unitholders

Capitalization

As of May 31, 2020

The total number of investment units authorized and the total number of investment units issued and outstanding of SLR are as follows:

Unitholders’ capital	51,125 million yen
Total number of investment units authorized	10,000,000
Total number of investment units issued and outstanding	514,350

Changes in unitholders’ capital and the total number of investment units issued and outstanding since the incorporation of SLR are as follows:

Date	Remarks	Capitalization (million yen)		Number of investment units issued
Date	Remarks	Increase	Total	Increase	Total
Jun. 26, 2019	Incorporation through private placement	300	300	3,000	3,000
Dec. 9, 2019	Public offering	48,405	48,705	487,000	490,000
Jan. 7, 2020	Third-party allotment	2,420	51,125	24,350	514,350

As of May 31, 2020

Name	Number of Investment Units	Share of Investment Units（%）
Japan Trustee Services Bank, Ltd. (Trust Account)	65,451	12.72
The Master Trust Bank of Japan, Ltd. (Trust Account)	61,177	11.89
SUMITOMO CORPORATION	24,500	4.76
The Nomura Trust and Banking Co., Ltd. (Investment Account)	20,425	3.97
BNYM SA／NV FOR BNYM FOR BNY GCM CLIENT ACCOUNTS M LSCB RD	14,192	2.75
NOMURA BANK（LUXEMBOURG） S.Ａ．	12,090	2.35
Trust & Custody Services Bank, Ltd. (Securities Investment Trust Account)	8,061	1.56
NORTHERN TRUST CO．（AVFC）RE COLONIAL FIRST STATE INVESTMENTS LIMITED	7,686	1.49
Yamato Shinkin Bank	7,350	1.42
The Hokkoku Bank, Ltd.	6,709	1.30