162 CapitaLand Integrated Commercial Trust Notes to the financial statements Year ended 31 December 2024 19 UNITS IN ISSUE (continued) Each unit in the Trust represents an undivided interest in the Trust. The rights and interests of Unitholders are contained in the Trust Deed and include the right to: • Receive income and other distributions attributable to the units held; • Participate in the termination of the Trust by receiving a share of all net cash proceeds derived from the realisation of the assets of the Trust less any liabilities, in accordance with their proportionate interests in the Trust. However, a Unitholder has no equitable or proprietary interest in the underlying assets of the Trust and is not entitled to the transfer to it of any assets (or part thereof) or of any estate or interest in any asset (or part thereof) of the Trust; • Attend all Unitholders meetings. The Trustee or the Manager may (and the Manager shall at the request in writing of not less than 50 Unitholders or one-tenth in number of the Unitholders, whichever is lesser) at any time convene a meeting of Unitholders in accordance with the provisions of the Trust Deed; and • One vote per unit. The restrictions of a Unitholder include the following: • A Unitholder’s right is limited to the right to require due administration of the Trust in accordance with the provisions of the Trust Deed; and • A Unitholder has no right to request the Manager to redeem his units while the units are listed on SGX-ST. A Unitholder’s liability is limited to the amount paid or payable for any units in the Trust. The provisions of the Trust Deed provide that no Unitholders will be personally liable for indemnifying the Trustee or any creditor of the Trustee in the event that liabilities of the Trust exceed its assets. 20 GROSS REVENUE Group 2024 2023 $’000 $’000 Gross rental income 1,480,706 1,459,575 Car park income 39,976 40,919 Other income 65,647 59,440 1,586,329 1,559,934
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