DUNDEE INTERNATIONAL REAL ESTATE INVESTMENT TRUST ...

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TABLE OF CONTENTS GLOSSARY OF TERMS..........................................................................................................................1 GENERAL................................................................................................................................................11 OUR STRUCTURE .................................................................................................................................13 -i- Page Dundee LP ....................................................................................................................................14 Dundee Lux Holdco......................................................................................................................14 The Dundee FCPs .........................................................................................................................14 GENERAL DEVELOPMENT OF THE BUSINESS ...........................................................................15 Completion of Initial Public Offering and Acquisition of the Initial Properties...........................15 Current Discussions Regarding Acquisitions and Dispositions....................................................15 RECENT DEVELOPMENTS.................................................................................................................15 Acquisitions ..................................................................................................................................15 Deutsche Post Leases....................................................................................................................16 New Board Appointment ..............................................................................................................16 DESCRIPTION OF THE BUSINESS....................................................................................................17 Objectives .....................................................................................................................................17 Strategy .........................................................................................................................................17 Principal Market and Competitive Conditions..............................................................................18 Employees .....................................................................................................................................18 Competitive Conditions.................................................................................................................19 REAL ESTATE PORTFOLIO...............................................................................................................19 Overview of Our Properties ..........................................................................................................19 Tenants .........................................................................................................................................21 Deutsche Post leases .....................................................................................................................22 Certain Legal Matters Relating to Property in Germany ..............................................................24 ASSESSMENTS OF THE PROPERTIES.............................................................................................25 Environmental Assessments .........................................................................................................25 Property Condition Assessments ..................................................................................................26 INDEBTEDNESS.....................................................................................................................................26 Convertible Debentures.................................................................................................................28 Additional Financing.....................................................................................................................28 Currency Hedging Arrangements .................................................................................................28 TRUSTEES AND EXECUTIVE OFFICERS .......................................................................................28 Trustees and Executive Officers ...................................................................................................28 Governance and Board of Trustees...............................................................................................31 Committees of the Board of Trustees............................................................................................33 Independent Trustee Matters.........................................................................................................35 Conflict of Interest Restrictions and Provisions............................................................................36 Executive Officers.........................................................................................................................36 Trustees’ and Officers’ Liability Insurance ..................................................................................36
TABLE OF CONTENTS (continued) REAL ESTATE MANAGEMENT AND ADVISORY SERVICES....................................................37 -ii- Page Overview.......................................................................................................................................37 Asset Management........................................................................................................................37 Portfolio Management...................................................................................................................39 Property Management...................................................................................................................39 Administrative Services ................................................................................................................40 Non-Competition Agreement........................................................................................................41 INVESTMENT GUIDELINES AND OPERATING POLICIES........................................................42 Investment Guidelines...................................................................................................................42 Operating Policies.........................................................................................................................43 DISTRIBUTION POLICY......................................................................................................................45 General .........................................................................................................................................45 Hedging Arrangements .................................................................................................................46 DRIP .........................................................................................................................................46 DECLARATION OF TRUST AND DESCRIPTION OF REIT UNITS ............................................46 The Units.......................................................................................................................................47 Special Trust Units........................................................................................................................47 Issuance of REIT Units.................................................................................................................48 Purchase of Units ..........................................................................................................................48 Unit Redemption Right .................................................................................................................48 Meetings of Unitholders................................................................................................................50 Book-Based System for Units; No Certificates for Special Trust Units.......................................51 Amendments to the Declaration of Trust and Other Documents..................................................51 Effect of Termination....................................................................................................................52 Take-Over Bids.............................................................................................................................52 Information and Reports ...............................................................................................................52 DESCRIPTION OF DEBENTURES .....................................................................................................52 Convertible Debentures.................................................................................................................53 Conversion Privilege.....................................................................................................................53 Payment upon Redemption or Maturity........................................................................................54 Interest Payment Election .............................................................................................................55 Redemption and Purchase.............................................................................................................55 Cancellation ..................................................................................................................................55 Subordination................................................................................................................................56 Put Right upon a Change of Control.............................................................................................56 Modification..................................................................................................................................57 Events of Default ..........................................................................................................................57 Offers for Debentures....................................................................................................................57 Book-entry, Delivery and Form....................................................................................................57 Transfer and Exchange of Debentures ..........................................................................................58 Payments.......................................................................................................................................58 Reports to Holders ........................................................................................................................59 Governing Law .............................................................................................................................59
Page 1: DUNDEE INTERNATIONAL REAL ESTATE IN
Page 5 and 6: GLOSSARY OF TERMS When used in this
Page 7 and 8: “Debentures” means the 5.5% Deb
Page 9 and 10: “Event of Default” has the mean
Page 11 and 12: “Liability Cap” has the meaning
Page 13 and 14: “Redemption Date” has the meani
Page 15 and 16: GENERAL We provide investors with t
Page 17 and 18: OUR STRUCTURE The following chart i
Page 19 and 20: GENERAL DEVELOPMENT OF THE BUSINESS
Page 21 and 22: Objectives We are committed to: DES
Page 23 and 24: Competitive Conditions A descriptio
Page 25 and 26: The table below highlights the geog
Page 27 and 28: The following is a summary of other
Page 29 and 30: in Initial Properties which are loc
Page 31 and 32: instrument to cap 10% of the Facili
Page 33 and 34: The following table sets forth, as
Page 35 and 36: Individual Bankruptcies None of our
Page 37 and 38: Committees of the Board of Trustees
Page 39 and 40: incentive programs; (c) assessing t
Page 41 and 42: performance of their duties for whi
Page 43 and 44: Management Agreement or such other
Page 45 and 46: outstanding with respect to all rec
Page 47 and 48: 6. Subsidiaries of the REIT and the
Page 49 and 50: DISTRIBUTION POLICY The following o
Page 51 and 52: all its property; or carrying out a
Page 53 and 54:
1. 90% of the “market price” of
Page 55 and 56:
Book-Based System for Units; No Cer
Page 57 and 58:
Convertible Debentures The Debentur
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Interest Payment Election Unless an
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(b) a holder of Debentures, to exer
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such Global Debenture as shown on t
Page 65 and 66:
the terms of these agreements in th
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issued and outstanding shares of Lo
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In light of the uncertainty describ
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Dundee FCP Unitholders from the Dun
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Risks inherent in the real estate i
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environmental hazards on our proper
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condition, our ability to make dist
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Changes in government regulations m
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Tax Act. The calculation of FAPI of
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under the Debentures should current
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eason. The Asset Management Agreeme
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We may not be able to manage intern
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subject to the discretion of the Tr
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securities, cash or property into w
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transaction, that has materially af
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PURPOSE SCHEDULE A DUNDEE INTERNATI
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AUDIT RESPONSIBILITIES OF THE COMMI
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(a) the quality, appropriateness an
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27. The Committee shall receive and
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December 31, 2011 City State GLA (s
Page 105 and 106:
Page 107 and 108:
Page 109:
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DUNDEE INTERNATIONAL REAL ESTATE INVESTMENT TRUST ...

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