FIBRA Macquarie’s policy is to distribute on an annual basis an amount determined by the Manager, not to exceed 85% of the Trust’s estimated Cash Available for Distribution; provided that, in any case, (i) the annual distribution shall be equal to at least 95% of the Trust’s annual tax result (resultado fiscal) for the immediately preceding fiscal year and (ii) the Trust shall make such distributions as are necessary to comply with the requirements contained in Articles 187 and 188 of the Mexican Income Tax Law (Ley del Impuesto Sobre la Renta). “Cash Available for Distribution” is defined as the Trust’s Adjusted Funds From Operations, as disclosed in the Trust’s periodic reports. The Trust intends to pay distributions on a quarterly basis.
Note: There can be no assurance that the distribution policy will not change in the future. Any changes in FIBRA Macquarie’s distribution policy require the approval of its Technical Committee. FIBRA Macquarie’s ability to pay distributions in the future will depend upon many factors, some of which are beyond its control, that could result in future distributions differing materially from current expectations.
1. Based on total amount of distribution paid.
2. Commencing in the first quarter of 2015, FIBRA Macquarie used AFFO as the basis for determining distributions.