Efforts are made to disclose timely, accurate information that is useful to unitholders and investors as well as to enhance communication through briefings and active participation in events.

Disclosure policy

• Basic Policy
• Based on the recognition that information disclosure has a significant impact, TRIM has adopted a policy of implementing appropriate information disclosure, conducting transparent fund operation through active IR activities, and gaining the trust of society and investors.
  TRIM maintains the fair disclosure of information from the standpoint of its investors.
• Compliance with Fair Disclosure
• Disclosure of important information only to specific third parties shall be prohibited in principle, and if such disclosure is implemented, the information shall be disclosed via our website or other methods without delay.
• Criteria of Disclosure
• We strive to conduct proactive and fair disclosure of information as required by the Financial Instruments and Exchange Act and other related laws and regulations and the securities listing regulations of the Tokyo Stock Exchange as well as information deemed useful for investors when making investment decisions.
• Method of Disclosure
• Items for which disclosure is required by the Laws and Regulations, etc. or the Rules of the Tokyo Stock Exchange shall be disclosed through the electronic disclosure system of the Financial Services Agency (EDINET), timely information disclosure system of the Tokyo Stock Exchange (TDnet) and our website.
  In addition, when disclosing information that does not fall under the category of matters that are required to be disclosed in a timely manner by the Rules of the Tokyo Stock Exchange, such information shall also be disclosed via our website or other methods.
• Silent Period
• A period of one month prior to the announcement of financial results shall be the silent period, and answers to comments and questions related to the financial results forecast shall not be given. However, if significant revisions are expected to be made to the earnings forecast during such period, information shall be disclosed based on the Rules of the Tokyo Stock Exchange in principle.

Status of IR-related activities

In addition to timely information disclosure, JPR strives for the provision of a wide range of content on websites, including statutory disclosure documents, press releases, financial information (financial statements, earnings summaries, briefing materials for analysts, and videos of results briefings), characteristics and performance status of managed assets, and information aimed at private investors.
Moreover, each time financial results are announced, a briefing on the operating status or financial outlook of the portfolio is held for institutional investors and lenders based in Tokyo and other interested parties, aimed primarily at securities analysts. In addition, around 100 to 120 individual meetings are held with Japanese and international institutional investors both in Japan and overseas. In addition to the holding of individual meetings with foreign investors, focusing mainly on North America, Europe, and Asia, JPR also actively participates in conferences held by securities companies.
Furthermore, results briefings are held for 200 to 300 private investors in Tokyo and two major cities in other regions of Japan each time financial results are announced and JPR is actively involved in private investor seminars held by the Association for Real Estate Securitization, the Tokyo Stock Exchange, securities companies, and others.

JPR’s activities in recent years are presented in the following table.

	Period ended June 2021 to period ended December 2021	Period ended June 2022 to period ended December 2022
Briefing on financial results	2 times	2 times
Meeting of institutional investors in Japan	145 times	135 times
Meeting of overseas institutional investors	51 times	48 times
Event for individual investors	4 times	6 times