RBC Investor Services Trust Singapore Limited (the “Trustee”) is under a duty to take into custody and hold the assets
of Cambridge Industrial Trust (the “Trust”) and its subsidiary (the “Group”) in trust for the holders (“Unitholders”) of units
in the Trust (the “Units”). In accordance with the Securities and Futures Act (Cap. 289), its subsidiary legislation and
the Code on Collective Investment Schemes issued by the Monetary Authority of Singapore (“MAS”) and the Listing
Manual (collectively referred to as the “laws and regulations”), the Trustee shall monitor the activities of Cambridge
Industrial Trust Management Limited (the “Manager”) for compliance with the limitations imposed on the investment
and borrowing powers as set out in the trust deed dated 31 March 2006 (as amended) between the Trustee and the
Manager (the “Trust Deed”) in each annual accounting year 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 Singapore
Chartered Accountants and the provisions of the Trust Deed.
To the best knowledge of the Trustee, the Manager has, in all material respects, managed the Trust during the year
covered by these financial statements, set out on pages 101 to 167 comprising the Statement of Financial Position and
Portfolio Statement of the Group and the Trust, and Statement of Total Return, Distribution Statement, Statement of
Movements in Unitholders’ Funds, and Statement of Cash Flows of the Group for the year then ended in accordance
with the limitations imposed on the investment and borrowing powers set out in the Trust Deed, laws and regulations
and otherwise in accordance with the provisions of the Trust Deed.
For and on behalf of the Trustee,
RBC Investor Services Trust Singapore Limited
Andrew Charles Allen
Managing Director
Singapore
27 February 2015
REPORT OF THE TRUSTEE
CAMBRIDGE INDUSTRIAL TRUST | ANNUAL REPORT 2014
98
