This translation of the original Japanese document is provided solely for information purposes. Should
there be any discrepancy between this translation and the Japanese original, the latter shall prevail.
(Securities Code: 8986)
December 26, 2023

Daiwa Securities Living Investment Corporation
Result of the 15th General Meeting of Unitholders Resolution (Reference)(Dec 26, 2023)
１．Status of Voting Rights
Number of shareholders holding voting rights
Number of voting rights held by such shareholders

20,6452,260,890

２．Matters Resolved
Proposal No.1:

Amendment to the Articles of Incorporation

Proposal No.2:

Appointment of One (1) Executive Director

Tetsuo Akuzawa is appointed as Executive Director.
Proposal No.3:

Appointment of One (1) Substitute Executive Director

Yoshiki Nishigaki is appointed as Substitute Executive Director.
Proposal No.4:

Appointment of Two (2) Supervisory Directors

Akimitsu Takai and Chizuko Nakata are appointed as Supervisory Directors.
３．Number of voting rights relating to the declaration in favor and opposition regarding
the matters to be resolved and result of resolution
Matters Resolved

Number of

Number ofRatio of votes

Result ofvotes in favor

votes inin favorresolutionopposition
Proposal No. 1

2,259,947

939

99.96%

Approved

Proposal No.2

2,257,693

3,165

99.86%

Approved

Proposal No.3

2,224,760

36,12598.40%

Approved

Akimitsu Takai

2,124,909

135,959

93.99%

Approved

Chizuko Nakata

2,257,563

3,305

99.85%

Approved

Proposal No.4

（Note 1）The total number of voting rights which have been confirmed to be in favor for therespective proposals among those exercised in advance up until the day before theGeneral Meeting of Unitholders and those exercised by unitholders in attendance, plus
the number of voting rights deemed to be in favor under the provisions concerning
deemed affirmative votes (※), is divided by the total number of voting rights ofunitholders were in attendance (including attendance by deemed affirmative votes),
which is 2,260,890, and rounded off to two decimal places.
（※）Based on the Act on Investment Trusts and Investment Corporations, Article 93 (1),deemed affirmative vote is defined as below in the Articles of Incorporation, Article 24.
（Note 2）Proposal No. 1 should be supported by attending unitholders who hold a majority of theissued units, and is approved with the support of at least two-thirds of the voting rights ofattending unitholders (including attendance by deemed affirmative votes).
（Note 3）Proposals No. 2, No. 3 and No. 4 are approved with the majority support of the voting
rights of attending unitholders (including attendance by deemed affirmative votes).

４．Handling of the number of voting rights for attending unitholders who could notconfirm their support or opposition
Resolution was made by totaling the prior exercise of support and opposition on
the day before the General Meeting of Unitholders and attending unitholders that
could be confirmed with respect to their support and opposition, and the voting
rights regarded as compatible by the application of the provisions regarding deemedaffirmative vote. Since the passage or denial of the matters become clear, number ofvoting rights among the unitholders attending at the day of the General Meeting ofUnitholders does not confirm the approval, opposition or abstention and are notadded to the number of voting rights.
(Extract from the Current Articles of Incorporation of the Investment Corporation)
Article 24 (Deemed Approval)1. Any unitholder who does not attend a general meeting of unitholders and does
not exercise his/her voting rights shall be deemed to be in favor of any proposal
submitted to such general meeting of unitholders (provided, however, that incases where two or more proposals are submitted and any such proposal is in
conflict in its nature with another proposal, both of such proposals shall beexcluded from such deemed approval).

2. The number of voting rights owned by the unitholders deemed to be in favor of
the proposal in accordance with the preceding paragraph shall be included in thenumber of voting rights of the unitholders in attendance.

-End-