What is Manulife US REIT FX hedging policy? How far ahead are the projected dividends hedged, and what % of the projected dividends are hedged? How is this aligned with industry best practice?

We do not hedge the REIT's distributions. The REIT's distribution are declared in USD, which is the currency of the underlying cashflows.

Unitholders will have an option to elect to receive their dividends in either USD or SGD. For Unitholders who receive their distributions in SGD, these will be converted from USD to SGD based on spot rates.