Structure of PIC
Organization of PIC
|(Note)||The above figure indicates the major parts of PIC's structure.|
Premier Investment Corporation (PIC)
As an investment corporation, PIC manages funds, etc. paid in by the unitholders as investments in real estate, securities including beneficiary interests in real estate trusts, and other assets.
Premier REIT Advisors, Co., Ltd. (PRA)
(Asset management company and general administrative agent (related to Article 117-4 of the Investment Trusts Act))
Premier REIT Advisors, Co., Ltd. mainly undertakes the following operations.
|A.||As an asset management company, PRA manages assets owned by PIC pursuant to the asset management agreement and based on the Articles of Incorporation of PIC.|
|B.||Pursuant to the general administrative agreement, PRA provides services related to operations of PIC's administrative instruments on consignment from PIC.|
Sumitomo Mitsui Trust Bank, Limited
(General administrative agent (related to Articles 117-4, 117-5 and 117-6 of the Investment Trusts Act), transfer agent and asset custodian)
Sumitomo Mitsui Trust Bank, Limited mainly undertakes the following operations.
|A.||As a general administrative agent for PIC's accounting operations, the bank provides services related to accounting, preparation of accounting books and tax payments on consignment from PIC, pursuant to the general administrative agreement.|
|B.||As a transfer agent, the bank provides services related to preparation and keeping of the unitholders registry and other affairs concerning the registry, payment of cash distributions to unitholders, and responding to requests from unitholders on exercising their rights against PIC and other requests from them, etc. on consignment from PIC, pursuant to the transfer agent agreement.
In addition, as an account management institution for the special account under the Act on Book-Entry of Company Bonds, Shares, etc., the bank provides services related to preparation and keeping of PIC's book-entry transfer account registry and other affairs concerning the registry by request from PIC, pursuant to the special account management agreement.
|C.||As an asset custodian, the bank provides services related to custody of documents (registered titles of real estate, certificates of trust beneficiary interests, agreements, securities and other certificates and documents) evidencing the rights to the assets acquired by PIC that are required when PIC executes its rights on them, as well as other documents, management of deposits into and withdrawals from bank accounts as well as fund transfers, and preparation of account books based on the Investment Trusts Act, and delivery and transportation, etc. on consignment from PIC, pursuant to the asset custody agreement.|