91
ANNUAL REPORT 2014
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, 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.
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 financial statements set out on pages 95 to 166, in accordance with the
limitations imposed on the investment and borrowing powers set out in the H-REIT Trust Deed.
For and on behalf of the H-REIT Trustee,
DBS Trustee Limited
Jane Lim Puay Yuen
Director
13 March 2015
