Capitalization and Major Unitholders

Capitalization

As of December 1, 2021

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

Unitholders’ capital	72,111 million yen
Total number of investment units authorized	10,000,000
Total number of investment units issued and outstanding	678,285

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
Aug. 19, 2020	Surplus Cash Distributions	▲106	51,018	―	514,350
Dec. 1, 2020	Public offering	10,581	61,599	92,700	607,050
Dec. 29, 2020	Third-party allotment	529	62,128	4,635	611,685
Feb. 18, 2021	Surplus Cash Distributions	▲108	62,020	―	611,685
Aug. 13, 2021	Surplus Cash Distributions	▲159	61,860	―	611,685
Dec. 1, 2021	Public offering	10,250	72,111	66,600	678,285

As of May 31, 2020

Name	Number of Investment Units	Share of Investment Units（%）
The Master Trust Bank of Japan, Ltd. (Trust Account)	80,563	13.17
Custody Bank of Japan, Ltd.(Trust Account)	68,537	11.20
SUMITOMO CORPORATION	24,500	4.00
The Nomura Trust and Banking Co., Ltd. (Investment Account)	22,619	3.69
Custody Bank of Japan, Ltd. (Securities Investment Trust Account)	15,123	2.47
SSBTC CLIENT OMNIBUS ACCOUNT	14,534	2.37
The Hokkoku Bank, Ltd.	11,810	1.93
NOMURA BANK（LUXEMBOURG） S.Ａ．	9,800	1.60
Mitsubishi UFJ Trust and Banking Corporation	9,144	1.49
NORTHERN TRUST CO. (AVFC) RE COLONIAL FIRST STATE INVESTMENTS LIMITED	8,553	1.39