Page 73 - ar2012

annual report 2012
71
Report of the Trustee of CDL Hospitality
Real Estate Investment Trust
DBS Trustee Limited (the “H-REIT Trustee”) is under a duty to take into custody and hold the assets of CDL
Hospitality Real Estate Investment Trust (“H-REIT”) held by it or through its subsidiaries (collectively, the “H-REIT
Group”) in trust for the holders of units in H-REIT. In accordance with the Securities and Futures Act, Chapter 289
of Singapore, its subsidiary legislation and the Code on Collective Investment Schemes and the Listing Manual
(collectively referred to as the “laws and regulations”), the H-REIT Trustee shall monitor the activities of M&C REIT
Management Limited (the “H-REIT Manager”) for compliance with the limitations imposed on the investment
and borrowing powers as set out in the trust deed dated 8 June 2006 as amended by the First Supplemental
Deed dated 11 January 2007, the Second Supplemental Deed dated 26 March 2010 and the Third Supplemental
Deed dated 20 July 2010 (collectively, the “H-REIT Trust Deed”) between the H-REIT Manager and the H-REIT
Trustee in each annual accounting period; and report thereon to unitholders in an annual report which shall
contain the matters prescribed by the laws and regulations as well as the recommendations of Statement of
Recommended Accounting Practice 7 “Reporting Framework for Unit Trusts” issued by the Institute of the
Certifed Public Accountants of Singapore and the provisions of the H-REIT Trust Deed.
To the best knowledge of the H-REIT Trustee, the H-REIT Manager has, in all material respects, managed the
H-REIT Group during the period covered by these fnancial statements set out on pages 75 to 135, comprising
the H-REIT Group’s Statement of Financial Position, Statement of Total Return, Statement of Movements in
Unitholders’ Funds, Distribution Statement, Portfolio Statement, Statement of Cash Flows and Notes to the
Financial Statements, in accordance with the limitations imposed on the investment and borrowing powers set
out in the H-REIT Trust Deed, laws and regulations and otherwise in accordance with the provisions of the H-REIT
Trust Deed.
For and on behalf of the H-REIT Trustee,
DBS Trustee Limited
Jane Lim Puay Yuen
Director
Singapore
12 March 2013