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REPORT OF THE TRUSTEE OF CDL HOSPITALITY REAL ESTATE
INVESTMENT TRUST
REPORTS
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) (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 114 to 194, 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
10 March 2017
107
Annual Report 2016