Distribution declaration mechanics

@@ -37,6 +37,9 @@ vehicle in the programme.
  the T5013 information slip issued to each limited partner; they reduce the limited
  partner's capital account and do not constitute a return of original capital unless the
  LP's cumulative losses have reduced the capital account below the original invested amount.
- At least 90% of a fiscal year's Distributable Income is paid to limited partners within
  90 days of fiscal year-end; the remaining 10% is retained for partnership purposes
  during the Initial Period, then applied to redeem First Secured Mortgage Debentures.

## The ICR gate

@@ -69,6 +72,10 @@ before ordinary units participate, and no accumulated preferred distribution tha
paid up before a regular distribution is declared. The distribution waterfall contains a
single level: all outstanding units of the same asset receive the same per-unit amount.

## Minimum distribution and retention

Where a distribution is declared, the partnership pays at least 90% of the fiscal year's Distributable Income to limited partners within 90 days of the fiscal year-end. Until cumulative distributions equal 100% of the gross proceeds limited partners paid for their units (the Initial Period), the remaining 10% is retained for partnership purposes. After the Initial Period, that 10% is applied to redeem First Secured Mortgage Debentures until fully redeemed, after which it reverts to partnership purposes.

## Suspension protocol

If the ICR falls below 1.2× — due to a vacancy, a tenant default, a maintenance cost