DUNDEE INTERNATIONAL REAL ESTATE INVESTMENT TRUST ...

More documents

Recommendations

Info

TABLE OF CONTENTS (continued) EXCHANGEABLE NOTES ...................................................................................................................59 -iii- Page Exchangeable Notes......................................................................................................................59 Exchange Agreement ....................................................................................................................60 AGREEMENTS RELATING TO OUR ACQUISITION OF THE INITIAL PROPERTIES.........60 Framework Agreement .................................................................................................................61 Reallocation Agreement................................................................................................................61 Lorac Shareholders’ Agreement ...................................................................................................62 Lorac Share Purchase Agreement .................................................................................................63 LS Lease Agreement.....................................................................................................................63 CERTAIN NON-CANADIAN INCOME TAX CONSIDERATIONS................................................64 Certain Material German Income and Withholding Tax Considerations .....................................64 Certain Material Luxembourg Income and Withholding Tax Considerations..............................66 Certain Material Gibraltar Income and Withholding Tax Considerations....................................68 Certain Material Cayman Income and Withholding Tax Considerations.....................................68 RISK FACTORS......................................................................................................................................68 MARKET FOR SECURITIES ...............................................................................................................87 Trading Price and Volume ............................................................................................................87 Prior Sales of Unlisted Securities..................................................................................................88 PROMOTER ............................................................................................................................................88 PRINCIPAL UNITHOLDERS...............................................................................................................88 LEGAL PROCEEDINGS .......................................................................................................................88 INTERESTS OF MANAGEMENT AND OTHERS IN MATERIAL TRANSACTIONS ...............88 MATERIAL CONTRACTS....................................................................................................................89 INTEREST OF EXPERTS .....................................................................................................................90 TRANSFER AGENT AND REGISTRAR.............................................................................................90 ADDITIONAL INFORMATION...........................................................................................................90 SCHEDULE A............................................................................................................................................1 SCHEDULE B............................................................................................................................................1
GLOSSARY OF TERMS When used in this annual information form, the following terms have the meanings set forth below unless expressly indicated otherwise: “5.5% Debentures” means the 5.5% convertible unsecured subordinated debentures of the REIT due July 31, 2018; “2007 Act” means the Luxembourg act of 13 February 2007 on specialized investment funds, as amended; “2010 Act” means the Luxembourg act of 17 December 2010 concerning undertakings for collective investment, as amended; “Acquisition” has the meaning given to that term under “General”; “AFFO” means FFO subject to certain adjustments, including: (i) amortization of fair value mark-tomarket adjustments on mortgages acquired, amortization of deferred financing and leasing costs, and compensation expense related to deferred unit incentive plans, (ii) adjusting for any differences resulting from recognizing property revenues on a straight-line basis, and (iii) deducting a reserve for normalized maintenance capital expenditures and leasing costs, as determined by us. Other adjustments may be made to AFFO as determined by our Trustees in their discretion; “Adjusted Unitholders’ Equity” means, at any time, the aggregate of: (a) the amount of unitholders’ equity; and (b) the amount of accumulated depreciation and amortization recorded on the books and records of the REIT, its subsidiaries and the Dundee FCPs in respect of their properties, in each case calculated in accordance with IFRS; “Administrative Services Agreement” means the amended and restated administrative services agreement dated December 12, 2011 between the REIT and certain of its Subsidiaries and DRMC, as described under “Real Estate Management and Advisory Services – Administrative Services – Administrative Services Agreement”; “affiliate” has the meaning given to that term in NI 45-106; “AIF” means the annual information form of the REIT; “annuitant” means any plan of which a holder of Units acts as a Trustee or a carrier; “Asset Management Agreement” means the asset management agreement dated August 3, 2011 between, among others, the REIT and DRC, as described under “ Real Estate Management and Advisory Services – Asset Management”; “Board of Trustees” means the board of Trustees of the REIT; “bps” has the meaning given to that term under “Description of the Business – Principal Market and Competitive Conditions – Outlook”; “Business Day” means any day other than a Saturday or a Sunday on which Schedule I Canadian chartered banks are open for business in Toronto, Ontario; “Caroline Deutsche Post leases” means the leases pertaining to the Caroline Portfolio; 1
Page 1 and 2: DUNDEE INTERNATIONAL REAL ESTATE IN
Page 3: TABLE OF CONTENTS (continued) REAL
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
Page 59 and 60:
Interest Payment Election Unless an
Page 61 and 62:
(b) a holder of Debentures, to exer
Page 63 and 64:
such Global Debenture as shown on t
Page 65 and 66:
the terms of these agreements in th
Page 67 and 68:
issued and outstanding shares of Lo
Page 69 and 70:
In light of the uncertainty describ
Page 71 and 72:
Dundee FCP Unitholders from the Dun
Page 73 and 74:
Risks inherent in the real estate i
Page 75 and 76:
environmental hazards on our proper
Page 77 and 78:
condition, our ability to make dist
Page 79 and 80:
Changes in government regulations m
Page 81 and 82:
Tax Act. The calculation of FAPI of
Page 83 and 84:
under the Debentures should current
Page 85 and 86:
eason. The Asset Management Agreeme
Page 87 and 88:
We may not be able to manage intern
Page 89 and 90:
subject to the discretion of the Tr
Page 91 and 92:
securities, cash or property into w
Page 93 and 94:
transaction, that has materially af
Page 95 and 96:
PURPOSE SCHEDULE A DUNDEE INTERNATI
Page 97 and 98:
AUDIT RESPONSIBILITIES OF THE COMMI
Page 99 and 100:
(a) the quality, appropriateness an
Page 101 and 102:
27. The Committee shall receive and
Page 103 and 104:
December 31, 2011 City State GLA (s
Page 105 and 106:
Page 107 and 108:
Page 109:
show all

DUNDEE INTERNATIONAL REAL ESTATE INVESTMENT TRUST ...

Create successful ePaper yourself

Delete template?

Save as template?