Common use of Investment of the Trust Clause in Contracts

Investment of the Trust. Subject to the provisions of this Deed, the Manager's investment policy and objective of the Trust is the following: 10.2.1 the Trust is constituted to invest in Real Estate (which may be by way of direct ownership of Real Estate or by way of holdings of shares, units or (as the case may be) interests in Special Purpose Vehicles), Real Estate Related Assets and/or such other permissible investments as may be prescribed under the Property Funds Guidelines and the Manager must manage the Deposited Property so that the principal investments of the Trust are Real Estate; 10.2.2 the investment strategy of the Trust shall be determined by the Manager from time to time at its absolute discretion; 10.2.3 subject to Clause 10.2.4, the Manager must, in determining the investment strategy of the Trust from time to time and in exercising its powers and fulfilling its duties in relation to the investment of the Deposited Property, ensure that the Trust is reasonably diversified in terms of the types of Real Estate and/or the number of investments in Real Estate, taking into account the size of the Trust, the Manager's investment policy and prevailing investment strategy, and the prevailing market conditions. In the event that the Manager's prevailing investment strategy is not to have a diversified portfolio of Real Estate, the Manager must ensure that the then current Listing Document issued by the Manager in respect of the Trust contains adequate disclosure of that fact; and 10.2.4 the Manager may from time to time change its investment policies, (if the Trust is Listed) subject to compliance with the Listing Rules or, if applicable, the listing rules of any other relevant Recognised Stock Exchange, for the Trust so long as it has given not less than 30 days’ prior notice of the change to the Trustee and the Holders by way of written notice (if the Trust is Unlisted) or by way of an announcement to the SGX-ST or relevant Recognised Stock Exchange (if the Trust is Listed).