Distribution policy requires investment trusts to pass distributable cash flows to holders and distribute unreinvested sale proceeds.

Regulation 100 requires Investment Trusts, holdcos and SPVs to distribute prescribed portions of net distributable cash flows through the investment structure to unitholders. Publicly offered InvITs must make distributions at least once every six months and within 15 days of declaration. Sale proceeds from infrastructure assets, properties, or interests in holdcos or SPVs need not be distributed if proposed for reinvestment; where reinvestment is not proposed within one year, the proceeds must be distributed under the applicable cash-flow distribution requirements.

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