Star Asia Investment Trust Repays Preferred Equity Securities on April 28

TOKYO, Apr 28 (Pulse News Wire) – Star Asia Investment Corporation (3468.T) announced today that it has repaid preferred equity securities held by its real estate investment trust (REIT). The repayment was made, according to the notice previously disclosed on January 30, 2026, which detailed the termination of the loan agreement related to these securities.

Key details of the securities include: - Type: Trust beneficiary rights associated with real estate assets managed by GSA JP Project 1 Specific Purpose Company - Name: GSA JP Project 1 Specific Purpose Company Preferred Equity Securities - Property: Hakusan House - Number of Units: 13,328,342 - Purchase Price: ¥1.563 billion - Acquisition Date: June 23, 2023 As part of the repayment, dividend payments are expected to be received. This transaction will result in a projected gain of ¥151 million being recognized in the fiscal year ending July 31, 2026.

Looking ahead, the company stated that this repayment aligns with their previously published outlook for the fiscal years ending July 31, 2026, and January 31, 2027. There are no anticipated changes to their performance forecasts due to this action.