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/GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 527.5 m 276.5 527.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 276.5 527.5 m 300.5 527.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 300.5 527.5 m 360.5 527.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 360.5 527.5 m 420.5 527.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 420.5 527.5 m 480.5 527.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 480.5 527.5 m 540.5 527.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 360.5 527.5 m 420.5 527.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 482.5 m 276.5 482.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 276.5 482.5 m 300.5 482.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 300.5 482.5 m 360.5 482.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 360.5 482.5 m 420.5 482.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 420.5 482.5 m 480.5 482.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 480.5 482.5 m 540.5 482.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 467.5 m 276.5 467.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 467.5 m 300.5 467.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300.5 467.5 m 360.5 467.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 467.5 m 420.5 467.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 467.5 m 480.5 467.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 467.5 m 540.5 467.5 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 313.00 692.08 Td (Three months ended June 30,) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 442.55 692.08 Td (Six months ended June 30,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 279.30 680.08 Td (Note) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 339.65 680.08 Td (2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 399.65 680.08 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 459.65 680.08 Td (2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 519.65 680.08 Td (2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 667.03 Td (Rental revenue) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 283.65 666.98 Td (17) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 303.00 667.03 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 333.55 667.08 Td (36,230) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 363.00 667.03 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 393.55 667.03 Td (28,197) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 423.00 667.03 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 453.55 667.03 Td (68,548) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 483.00 667.03 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 513.55 667.03 Td (55,766) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 652.03 Td (Property operating expenses) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 283.65 651.98 Td (21) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 330.95 652.03 Td (\(18,833) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 357.40 652.03 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 390.95 652.03 Td (\(14,994) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 417.40 652.03 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 450.95 652.03 Td (\(36,526) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 477.40 652.03 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 510.95 652.03 Td (\(30,296) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 537.40 652.03 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 637.03 Td (Finance income on finance lease receivable) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 285.80 636.98 Td (7) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 344.40 637.03 Td (981) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 397.90 637.03 Td (1,015) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 457.90 637.03 Td (1,971) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 517.90 637.03 Td (2,037) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 622.03 Td (Interest income) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 348.70 622.03 Td (24) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 408.70 622.03 Td (15) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 468.70 622.03 Td (41) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 528.70 622.03 Td (30) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 607.03 Td (Interest and finance costs) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 283.65 606.98 Td (19) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 335.30 607.08 Td (\(6,883) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 357.40 607.03 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 395.30 607.03 Td (\(4,430) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 417.40 607.03 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 450.95 607.03 Td (\(12,093) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 477.40 607.03 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 515.30 607.03 Td (\(8,633) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 537.40 607.03 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 592.03 Td (General and administrative) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 283.65 591.98 Td (18) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 335.30 592.08 Td (\(1,279) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 357.40 592.03 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 401.80 592.03 Td (\(922) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 417.40 592.03 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 455.30 592.03 Td (\(2,428) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 477.40 592.03 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 515.30 592.03 Td (\(1,962) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 537.40 592.03 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 577.03 Td (Change in fair value of properties) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 285.80 576.98 Td (4) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 335.30 577.08 Td (\(2,389) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 357.40 577.03 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 397.90 577.03 Td (6,470) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 455.30 577.03 Td (\(2,162) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 477.40 577.03 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 517.90 577.03 Td (8,408) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 562.03 Td (Change in fair value of financial instruments) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 283.65 561.98 Td (20) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 335.30 562.08 Td (\(3,266) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 357.40 562.03 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 401.80 562.03 Td (\(247) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 417.40 562.03 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 455.30 562.03 Td (\(2,404) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 477.40 562.03 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 515.30 562.03 Td (\(1,058) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 537.40 562.03 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 547.03 Td (Disposition costs) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 285.80 546.98 Td (6) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 341.80 547.08 Td (\(133) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 357.40 547.03 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 401.80 547.03 Td (\(206) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 417.40 547.03 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 461.80 547.03 Td (\(133) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 477.40 547.03 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 521.80 547.03 Td (\(206) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 537.40 547.03 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 532.03 Td (Depreciation of hotel asset) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 285.80 531.98 Td (4) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 341.80 532.08 Td (\(191) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 357.40 532.03 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 401.80 532.03 Td (\(143) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 417.40 532.03 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 461.80 532.03 Td (\(380) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 477.40 532.03 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 521.80 532.03 Td (\(279) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 537.40 532.03 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 75.00 517.03 Td (Net income before Class B LP units) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 303.00 517.03 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 337.90 517.03 Td (4,261) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 363.00 517.03 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 393.55 517.03 Td (14,755) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 423.00 517.03 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 453.55 517.03 Td (14,434) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 483.00 517.03 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 513.55 517.03 Td (23,807) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 502.03 Td (Change in fair value of Class B LP units) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 283.65 501.98 Td (13) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 344.40 502.03 Td (212) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 397.90 502.03 Td (1,480) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 461.80 502.03 Td (\(528) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 477.40 502.03 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 515.30 502.03 Td (\(2,960) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 537.40 502.03 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 487.03 Td (Distributions to Class B LP unitholders) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 283.65 486.98 Td (16) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 341.80 487.08 Td (\(991) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 357.40 487.03 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 401.80 487.03 Td (\(991) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 417.40 487.03 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 455.30 487.03 Td (\(1,982) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 477.40 487.03 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 515.30 487.03 Td (\(1,982) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 537.40 487.03 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 75.00 472.03 Td (Net income and comprehensive income) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 303.00 472.03 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 337.90 472.03 Td (3,482) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 363.00 472.03 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 393.55 472.03 Td (15,244) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 423.00 472.03 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 453.55 472.03 Td (11,924) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 483.00 472.03 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 513.55 472.03 Td (18,865) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 11 0 obj <> endobj 12 0 obj <> stream BT /F3 14.00 Tf ET q 0 0 0 rg BT 49.50 769.35 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 769.35 Td (SLA) Tj ET Q q 0 0 0 rg BT 94.11 769.35 Td (TE OFFICE REIT) Tj ET Q BT /F3 14.00 Tf ET q 0 0 0 rg BT 72.00 752.55 Td (CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 216.55 752.55 Td (TED INTERIM ST) Tj ET Q q 0 0 0 rg BT 306.91 752.55 Td (A) Tj ET Q q 0 0 0 rg BT 314.35 752.55 Td (TEMENTS OF CHANGES IN EQUITY) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 740.55 Td (\(in thousands of Canadian dollars\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 728.55 Td (\(unaudited\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 294.30 42.95 Td (Page 4) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 132.00 21.35 Td (The accompanying notes are an integral part of these condensed consolidated interim financial statements) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 701.5 m 290.5 701.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 687.5 m 290.5 687.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 701.5 m 315.5 701.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 290.5 687.5 m 315.5 687.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 701.5 m 390.5 701.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315.5 687.5 m 390.5 687.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 701.5 m 465.5 701.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 687.5 m 465.5 687.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 701.5 m 540.5 701.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 687.5 m 540.5 687.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315.5 687.5 m 390.5 687.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 687.5 m 465.5 687.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 687.5 m 540.5 687.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 615.5 m 290.5 615.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 290.5 615.5 m 315.5 615.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315.5 615.5 m 390.5 615.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 615.5 m 465.5 615.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 615.5 m 540.5 615.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 601.5 m 290.5 601.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 601.5 m 315.5 601.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 601.5 m 390.5 601.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 601.5 m 465.5 601.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 601.5 m 540.5 601.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 502.5 m 290.5 502.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 290.5 502.5 m 315.5 502.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315.5 502.5 m 390.5 502.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 502.5 m 465.5 502.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 502.5 m 540.5 502.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 488.5 m 290.5 488.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 488.5 m 315.5 488.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 488.5 m 390.5 488.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 488.5 m 465.5 488.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 488.5 m 540.5 488.5 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 293.80 692.03 Td (Note) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 347.15 692.03 Td (T) Tj ET Q q 0 0 0 rg BT 351.48 692.03 Td (rust units) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 394.45 692.03 Td (Retained earnings) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 493.80 692.03 Td (Total equity) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 678.03 Td (December 31, 2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 318.00 678.03 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 359.20 678.03 Td (310,201) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.00 678.03 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 438.55 678.03 Td (35,511) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 468.00 678.03 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 509.20 678.03 Td (345,712) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 664.03 Td (Issuance, net of costs) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 298.15 663.98 Td (15) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 359.20 664.03 Td (127,730) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 454.60 664.03 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 509.20 664.03 Td (127,730) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 650.03 Td (Distributions) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 298.15 649.98 Td (16) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 379.60 650.08 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 435.95 650.03 Td (\(18,305) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 462.40 650.03 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 510.95 650.03 Td (\(18,305) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 537.40 650.03 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 634.03 Td (Units issued pursuant to DRIP) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 298.15 633.98 Td (15) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 374.40 634.03 Td (531) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 454.60 634.03 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 524.40 634.03 Td (531) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 620.03 Td (Net income and comprehensive income) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 379.60 620.08 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 438.55 620.03 Td (11,924) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 513.55 620.03 Td (11,924) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 75.00 606.03 Td (June 30, 2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 318.00 606.03 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 359.20 606.03 Td (438,462) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.00 606.03 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 438.55 606.03 Td (29,130) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 468.00 606.03 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 509.20 606.03 Td (467,592) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 577.03 Td (December 31, 2015) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 318.00 577.03 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 359.20 577.03 Td (227,030) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 393.00 577.03 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 438.55 577.03 Td (25,127) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 468.00 577.03 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 509.20 577.03 Td (252,157) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 563.03 Td (Issuances, net of cost) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 298.15 562.98 Td (15) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 363.55 563.08 Td (33,710) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 454.60 563.03 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 513.55 563.03 Td (33,710) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 549.03 Td (Distributions) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 298.15 548.98 Td (16) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 379.60 549.08 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 435.95 549.03 Td (\(11,553) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 462.40 549.03 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 510.95 549.03 Td (\(11,553) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 537.40 549.03 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 535.03 Td (Units issued pursuant to DRIP) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 298.15 534.98 Td (15) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 374.40 535.03 Td (558) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 454.60 535.03 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 524.40 535.03 Td (558) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 521.03 Td (Repurchases of units) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 298.15 520.98 Td (15) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 371.80 521.08 Td (\(384) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 387.40 521.03 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 453.70 521.03 Td (26) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 521.80 521.03 Td (\(358) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 537.40 521.03 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 507.03 Td (Net income and comprehensive income) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 379.60 507.08 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 438.55 507.03 Td (18,865) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 513.55 507.03 Td (18,865) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 493.03 Td (June 30, 2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 318.00 493.03 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 359.20 493.03 Td (260,914) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 393.00 493.03 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 438.55 493.03 Td (32,465) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 468.00 493.03 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 509.20 493.03 Td (293,379) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 13 0 obj <> endobj 14 0 obj <> stream BT /F3 14.00 Tf ET q 0 0 0 rg BT 50.00 769.35 Td ( ) Tj ET Q q 0 0 0 rg BT 72.50 769.35 Td (SLA) Tj ET Q q 0 0 0 rg BT 94.61 769.35 Td (TE OFFICE REIT) Tj ET Q BT /F3 14.00 Tf ET q 0 0 0 rg BT 72.50 752.55 Td (CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 217.05 752.55 Td (TED INTERIM ST) Tj ET Q q 0 0 0 rg BT 307.41 752.55 Td (A) Tj ET Q q 0 0 0 rg BT 314.85 752.55 Td (TEMENTS OF CASH FLOWS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 740.55 Td (\(in thousands of Canadian dollars\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 728.55 Td (\(unaudited\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 294.30 42.95 Td (Page 5) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 132.00 21.35 Td (The accompanying notes are an integral part of these condensed consolidated interim financial statements) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 701.5 m 353.5 701.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 701.5 m 380.5 701.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 701.5 m 460.5 701.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 701.5 m 540.5 701.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 677.5 m 353.5 677.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 380.5 677.5 m 460.5 677.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 460.5 677.5 m 540.5 677.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 353.5 677.5 m 380.5 677.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 456.5 m 353.5 456.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 353.5 456.5 m 380.5 456.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 380.5 456.5 m 460.5 456.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 460.5 456.5 m 540.5 456.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 460.5 456.5 m 540.5 456.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 380.5 365.5 m 460.5 365.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 460.5 365.5 m 540.5 365.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 365.5 m 353.5 365.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 353.5 365.5 m 380.5 365.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 380.5 365.5 m 460.5 365.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 460.5 365.5 m 540.5 365.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 380.5 234.5 m 460.5 234.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 460.5 234.5 m 540.5 234.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 234.5 m 353.5 234.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 353.5 234.5 m 380.5 234.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 380.5 234.5 m 460.5 234.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 460.5 234.5 m 540.5 234.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 193.5 m 353.5 193.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 353.5 193.5 m 380.5 193.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 380.5 193.5 m 460.5 193.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 460.5 193.5 m 540.5 193.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 178.5 m 353.5 178.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 178.5 m 380.5 178.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 178.5 m 460.5 178.5 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 460.5 193.5 m 540.5 193.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 178.5 m 540.5 178.5 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 442.55 692.08 Td (Six months ended June 30,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 357.80 680.08 Td (Note) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 439.65 680.08 Td (2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 519.65 680.08 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 75.00 668.08 Td (Operating activities) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 655.08 Td (Net income and comprehensive income) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 383.00 655.08 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 433.55 655.08 Td (11,924) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 463.00 655.08 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 513.55 655.08 Td (18,865) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 642.08 Td (Items not affecting cash:) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 88.50 629.08 Td (Straight-line rent and other changes) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 364.30 629.08 Td (4) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 441.80 629.08 Td (\(716) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 457.40 629.08 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 521.80 629.08 Td (\(936) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 537.40 629.08 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 88.50 616.08 Td (Change in fair value of financial instruments) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 362.15 616.08 Td (20) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 437.90 616.08 Td (2,404) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 517.90 616.08 Td (1,058) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 88.50 603.08 Td (Change in fair value of properties) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 364.30 603.08 Td (4) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 437.90 603.08 Td (2,162) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 515.30 603.08 Td (\(8,408) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 537.40 603.08 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 88.50 590.08 Td (Change in fair value of Class B LP units) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 362.15 590.08 Td (13) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 444.40 590.08 Td (528) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 517.90 590.08 Td (2,960) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 88.50 577.08 Td (Depreciation of hotel asset) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 364.30 577.08 Td (4) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 444.40 577.08 Td (380) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 524.40 577.08 Td (279) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 564.08 Td (Interest income) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 446.10 564.08 Td (\(41) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 457.40 564.08 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 526.10 564.08 Td (\(30) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 537.40 564.08 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 551.08 Td (Interest received) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 448.70 551.08 Td (41) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 528.70 551.08 Td (30) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 538.08 Td (Interest and finance costs) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 362.15 538.08 Td (19) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 433.55 538.08 Td (12,093) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 517.90 538.08 Td (8,633) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 525.08 Td (Interest paid) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 430.95 525.08 Td (\(11,640) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 457.40 525.08 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 515.30 525.08 Td (\(8,169) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 537.40 525.08 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 512.08 Td (Finance income on finance lease receivable) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 364.30 512.08 Td (7) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 435.30 512.08 Td (\(1,971) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 457.40 512.08 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 515.30 512.08 Td (\(2,037) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 537.40 512.08 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 499.08 Td (Finance interest payments received) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 364.30 499.08 Td (7) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 437.90 499.08 Td (1,971) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 517.90 499.08 Td (2,037) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 486.08 Td (Distributions to Class B LP unitholders) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 362.15 486.08 Td (16) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 437.90 486.08 Td (1,982) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 517.90 486.08 Td (1,982) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 473.08 Td (Distributions paid to Class B LP unitholders) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 362.15 473.08 Td (16) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 435.30 473.08 Td (\(1,982) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 457.40 473.08 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 515.30 473.08 Td (\(1,982) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 537.40 473.08 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 460.08 Td (Working capital items) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 435.30 460.08 Td (\(1,128) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 457.40 460.08 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 515.30 460.08 Td (\(5,413) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 537.40 460.08 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 433.55 447.08 Td (16,007) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 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430.95 395.08 Td (\(11,708) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 457.40 395.08 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 510.95 395.08 Td (\(15,927) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 537.40 395.08 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 382.08 Td (Direct leasing costs) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 364.30 382.08 Td (4) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 430.95 382.08 Td (\(13,856) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 457.40 382.08 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 515.30 382.08 Td (\(6,665) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 537.40 382.08 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 369.08 Td (Proceeds from dispositions of property) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 364.30 369.08 Td (6) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 437.90 369.08 Td (4,226) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 517.90 369.08 Td (2,314) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 426.60 356.08 Td (\(132,208) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 457.40 356.08 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 510.95 356.08 Td (\(61,185) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 537.40 356.08 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 75.00 343.08 Td (Financing activities) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 330.08 Td (Proceeds from issuance of units) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 362.15 330.08 Td (15) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 429.20 330.08 Td (133,154) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 513.55 330.08 Td (35,569) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 317.08 Td (Costs of issuance of units) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 362.15 317.08 Td (15) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 435.30 317.08 Td (\(5,424) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 457.40 317.08 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 515.30 317.08 Td (\(1,859) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 537.40 317.08 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 304.08 Td 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265.08 Td (Transaction costs on debt) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 362.15 265.08 Td (10) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 441.80 265.08 Td (\(773) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 457.40 265.08 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 515.30 265.08 Td (\(1,659) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 537.40 265.08 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 252.08 Td (Draws \(repayments\) on revolving facilities, net) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 362.15 252.08 Td (10) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 430.95 252.08 Td (\(16,500) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 457.40 252.08 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 513.55 252.08 Td (13,800) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 239.03 Td (Distributions on REIT units) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 362.15 238.98 Td (16) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 430.95 239.03 Td (\(16,765) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 457.40 239.03 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 510.95 239.03 Td (\(10,995) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 537.40 239.03 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 429.20 225.08 Td (114,231) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 513.55 225.08 Td (46,530) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 75.00 212.08 Td (Decrease in cash) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 435.30 212.08 Td (\(1,970) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 457.40 212.08 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 515.30 212.08 Td (\(5,786) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 537.40 212.08 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 75.00 198.03 Td (Cash, beginning of period) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 437.90 198.03 Td (4,252) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 517.90 198.03 Td (8,917) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 75.00 183.03 Td (Cash, end of period) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 383.00 183.03 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 437.90 183.03 Td (2,282) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 463.00 183.03 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 517.90 183.03 Td (3,131) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 15 0 obj <> endobj 16 0 obj <> stream BT /F3 14.00 Tf ET q 0 0 0 rg BT 49.50 769.35 Td ( ) Tj ET Q q 0 0 0 rg BT 67.50 769.35 Td ( SLA) Tj ET Q q 0 0 0 rg BT 92.81 769.35 Td (TE OFFICE REIT) Tj ET Q BT /F3 14.00 Tf ET q 0 0 0 rg BT 72.00 752.55 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 121.55 752.55 Td (O THE CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 304.38 752.55 Td (TED INTERIM FINANCIAL) Tj ET Q q 0 0 0 rg BT 442.55 752.55 Td ( ST) Tj ET Q q 0 0 0 rg BT 459.57 752.55 Td (A) Tj ET Q q 0 0 0 rg BT 467.01 752.55 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 740.55 Td (\(all tabular amounts are expressed in thousands of Canadian dollars, unless otherwise noted\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 728.55 Td (\(unaudited\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 303.30 42.95 Td (Page 6) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 72.00 683.70 Td (1. ) Tj ET Q q 0 0 0 rg BT 80.67 683.70 Td ( ) Tj ET Q q 0 0 0 rg BT 82.83 683.70 Td ( ) Tj ET Q q 0 0 0 rg BT 85.00 683.70 Td ( ) Tj ET Q q 0 0 0 rg BT 87.17 683.70 Td ( ) Tj ET Q q 0 0 0 rg BT 89.33 683.70 Td ( ) Tj ET Q q 0 0 0 rg BT 91.50 683.70 Td ( ) Tj ET Q q 0 0 0 rg BT 93.66 683.70 Td (Description ) Tj ET Q q 0 0 0 rg BT 138.68 683.70 Td (of ) Tj ET Q q 0 0 0 rg BT 148.20 683.70 Td (the ) Tj ET Q q 0 0 0 rg BT 162.05 683.70 Td (REIT ) Tj ET Q q 0 0 0 rg BT 181.96 683.70 Td (and ) Tj ET Q q 0 0 0 rg BT 197.98 683.70 Td (operations) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 666.30 Td (Slate ) Tj ET Q q 0 0 0 rg BT 92.16 666.30 Td (Of) Tj ET Q q 0 0 0 rg BT 100.25 666.30 Td (fice ) Tj ET Q q 0 0 0 rg BT 114.78 666.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 132.39 666.30 Td ( ) Tj ET Q q 0 0 0 rg BT 134.79 666.30 Td (\(the ) Tj ET Q q 0 0 0 rg BT 150.61 666.30 Td (REIT\) ) Tj ET Q q 0 0 0 rg BT 178.54 666.30 Td (is ) Tj 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0 0 0 rg BT 196.81 654.90 Td (an ) Tj ET Q q 0 0 0 rg BT 207.94 654.90 Td (amended ) Tj ET Q q 0 0 0 rg BT 242.89 654.90 Td (and ) Tj ET Q q 0 0 0 rg BT 258.36 654.90 Td (restated ) Tj ET Q q 0 0 0 rg BT 288.98 654.90 Td (Declaration ) Tj ET Q q 0 0 0 rg BT 330.85 654.90 Td (of ) Tj ET Q q 0 0 0 rg BT 339.66 654.90 Td (T) Tj ET Q q 0 0 0 rg BT 344.13 654.90 Td (rust ) Tj ET Q q 0 0 0 rg BT 359.59 654.90 Td (dated ) Tj ET Q q 0 0 0 rg BT 381.55 654.90 Td (December ) Tj ET Q q 0 0 0 rg BT 419.95 654.90 Td (17, ) Tj ET Q q 0 0 0 rg BT 433.25 654.90 Td (2014, ) Tj ET Q q 0 0 0 rg BT 455.21 654.90 Td (as ) Tj ET Q q 0 0 0 rg BT 465.91 654.90 Td (amended ) Tj ET Q q 0 0 0 rg BT 500.86 654.90 Td (on ) Tj ET Q q 0 0 0 rg BT 511.99 654.90 Td (May ) Tj ET Q q 0 0 0 rg BT 529.18 654.90 Td (25, ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 643.50 Td (2015 ) Tj ET Q q 0 0 0 rg BT 90.84 643.50 Td (and ) Tj ET Q q 0 0 0 rg BT 105.34 643.50 Td (March ) Tj ET Q q 0 0 0 rg BT 128.49 643.50 Td (21, ) Tj ET Q q 0 0 0 rg BT 140.83 643.50 Td (2016 ) Tj ET Q q 0 0 0 rg BT 159.66 643.50 Td (\(the ) Tj ET Q q 0 0 0 rg BT 174.59 643.50 Td ("Declaration ) Tj ET Q q 0 0 0 rg BT 218.26 643.50 Td (of ) Tj ET Q q 0 0 0 rg BT 226.17 643.50 Td (T) Tj ET Q q 0 0 0 rg BT 230.65 643.50 Td (rust"\). ) Tj ET Q q 0 0 0 rg BT 252.37 643.50 Td (As ) Tj ET Q q 0 0 0 rg BT 262.97 643.50 Td (of ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 270.97 643.50 Td (June30, ) Tj ET Q q 0 0 0 rg BT 302.37 643.50 Td (2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 319.70 643.50 Td (, ) Tj ET Q q 0 0 0 rg BT 323.37 643.50 Td (the ) Tj ET Q q 0 0 0 rg BT 335.71 643.50 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 360.35 643.50 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 389.57 643.50 Td (consists ) Tj ET Q q 0 0 0 rg BT 419.22 643.50 Td (of ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 427.23 643.50 Td (38) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 435.89 643.50 Td ( ) Tj ET Q q 0 0 0 rg BT 437.40 643.50 Td (commercial ) Tj ET Q q 0 0 0 rg BT 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Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 72.00 597.30 Td (2. ) Tj ET Q q 0 0 0 rg BT 80.67 597.30 Td ( ) Tj ET Q q 0 0 0 rg BT 82.83 597.30 Td ( ) Tj ET Q q 0 0 0 rg BT 85.00 597.30 Td ( ) Tj ET Q q 0 0 0 rg BT 87.17 597.30 Td ( ) Tj ET Q q 0 0 0 rg BT 89.33 597.30 Td ( ) Tj ET Q q 0 0 0 rg BT 91.50 597.30 Td ( ) Tj ET Q q 0 0 0 rg BT 93.66 597.30 Td (Basis ) Tj ET Q q 0 0 0 rg BT 116.62 597.30 Td (of ) Tj ET Q q 0 0 0 rg BT 126.14 597.30 Td (presentation) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 579.90 Td (i. ) Tj ET Q q 0 0 0 rg BT 78.06 579.90 Td ( ) Tj ET Q q 0 0 0 rg BT 80.23 579.90 Td ( ) Tj ET Q q 0 0 0 rg BT 82.40 579.90 Td (Statement ) Tj ET Q q 0 0 0 rg BT 120.08 579.90 Td (of ) Tj ET Q q 0 0 0 rg BT 128.74 579.90 Td (compliance) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 562.50 Td (These ) Tj ET Q q 0 0 0 rg BT 95.84 562.50 Td (condensed ) Tj ET Q q 0 0 0 rg BT 136.16 562.50 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 182.09 562.50 Td (interim ) Tj ET Q q 0 0 0 rg BT 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ET q 0 0 0 rg BT 312.79 551.10 Td (. ) Tj ET Q q 0 0 0 rg BT 317.06 551.10 Td (Certain ) Tj ET Q q 0 0 0 rg BT 344.27 551.10 Td (information ) Tj ET Q q 0 0 0 rg BT 384.92 551.10 Td (and ) Tj ET Q q 0 0 0 rg BT 400.02 551.10 Td (note ) Tj ET Q q 0 0 0 rg BT 417.28 551.10 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 458.35 551.10 Td (normally ) Tj ET Q q 0 0 0 rg BT 489.89 551.10 Td (included ) Tj ET Q q 0 0 0 rg BT 521.02 551.10 Td (in ) Tj ET Q q 0 0 0 rg BT 529.18 551.10 Td (the ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 539.70 Td (annual ) Tj ET Q q 0 0 0 rg BT 98.04 539.70 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 144.44 539.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 175.68 539.70 Td (statements ) Tj ET Q q 0 0 0 rg BT 216.44 539.70 Td (prepared ) Tj ET Q q 0 0 0 rg BT 250.27 539.70 Td (in ) Tj ET Q q 0 0 0 rg BT 258.98 539.70 Td (accordance ) Tj ET Q q 0 0 0 rg BT 301.91 539.70 Td (with ) Tj ET Q q 0 0 0 rg BT 318.41 539.70 Td (International ) Tj ET Q q 0 0 0 rg BT 363.94 539.70 Td (Financial ) Tj ET Q q 0 0 0 rg BT 397.77 539.70 Td (Reporting ) Tj ET Q q 0 0 0 rg BT 434.19 539.70 Td (Standards ) Tj ET Q q 0 0 0 rg BT 472.36 539.70 Td (\(IFRS\) ) Tj ET Q q 0 0 0 rg BT 503.12 539.70 Td (have ) Tj ET Q q 0 0 0 rg BT 522.67 539.70 Td (been ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 528.30 Td (omitted ) Tj ET Q q 0 0 0 rg BT 98.75 528.30 Td (or ) Tj ET Q q 0 0 0 rg BT 106.87 528.30 Td (condensed. ) Tj ET Q q 0 0 0 rg BT 148.12 528.30 Td (As ) Tj ET Q q 0 0 0 rg BT 158.41 528.30 Td (a ) Tj ET Q q 0 0 0 rg BT 163.93 528.30 Td (result, ) Tj ET Q q 0 0 0 rg BT 186.35 528.30 Td (these ) Tj ET Q q 0 0 0 rg BT 206.61 528.30 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 251.55 528.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 281.33 528.30 Td (statements ) Tj ET Q q 0 0 0 rg BT 320.64 528.30 Td (should ) Tj ET Q q 0 0 0 rg BT 344.79 528.30 Td (be ) Tj ET Q q 0 0 0 rg BT 354.65 528.30 Td (read ) Tj ET Q q 0 0 0 rg BT 371.44 528.30 Td (in ) Tj ET Q q 0 0 0 rg BT 378.70 528.30 Td 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BT 359.17 516.90 Td (\(the ) Tj ET Q q 0 0 0 rg BT 374.76 516.90 Td (annual ) Tj ET Q q 0 0 0 rg BT 402.91 516.90 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 448.83 516.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 479.58 516.90 Td (statements\).) 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Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 464.70 Td (iii. ) Tj ET Q q 0 0 0 rg BT 81.52 464.70 Td ( ) Tj ET Q q 0 0 0 rg BT 83.69 464.70 Td ( ) Tj ET Q q 0 0 0 rg BT 85.86 464.70 Td (Basis ) Tj ET Q q 0 0 0 rg BT 107.08 464.70 Td (of ) Tj ET Q q 0 0 0 rg BT 115.74 464.70 Td (measurement) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 447.30 Td (The ) Tj ET Q q 0 0 0 rg BT 87.80 447.30 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 133.92 447.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 164.87 447.30 Td (statements ) Tj ET Q q 0 0 0 rg BT 205.36 447.30 Td (have ) Tj ET Q q 0 0 0 rg BT 224.63 447.30 Td (been ) Tj ET Q q 0 0 0 rg BT 244.33 447.30 Td (prepared ) Tj ET Q q 0 0 0 rg BT 277.88 447.30 Td (on ) Tj ET Q q 0 0 0 rg BT 288.92 447.30 Td (a ) Tj ET Q q 0 0 0 rg BT 295.63 447.30 Td (going ) Tj ET Q q 0 0 0 rg BT 317.06 447.30 Td (concern ) Tj ET Q q 0 0 0 rg BT 347.15 447.30 Td (basis ) Tj ET Q q 0 0 0 rg BT 367.71 447.30 Td (and ) Tj ET Q q 0 0 0 rg BT 383.08 447.30 Td (are ) Tj ET Q q 0 0 0 rg BT 396.71 447.30 Td (measured ) Tj ET Q q 0 0 0 rg BT 433.72 447.30 Td (at ) Tj ET Q q 0 0 0 rg BT 442.60 447.30 Td (historical ) Tj ET Q q 0 0 0 rg BT 475.71 447.30 Td (cost ) Tj ET Q q 0 0 0 rg BT 492.37 447.30 Td (except ) Tj ET Q q 0 0 0 rg BT 517.70 447.30 Td (for ) Tj ET Q q 0 0 0 rg BT 529.17 447.30 Td (the ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 435.90 Td (following ) Tj ET Q q 0 0 0 rg BT 104.48 435.90 Td (items:) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 418.50 Td ( ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 90.00 418.50 Td (Properties ) Tj ET Q q 0 0 0 rg BT 127.67 418.50 Td (are ) Tj ET Q q 0 0 0 rg BT 141.10 418.50 Td (measured ) Tj ET Q q 0 0 0 rg BT 177.91 418.50 Td (at ) Tj ET Q q 0 0 0 rg BT 186.57 418.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 199.56 418.50 Td (value; ) Tj ET Q q 0 0 0 rg BT 222.52 418.50 Td (and) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 401.10 Td ( ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 90.00 401.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 123.34 401.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 165.78 401.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 199.99 401.10 Td (as ) Tj ET Q q 0 0 0 rg BT 210.39 401.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 223.38 401.10 Td (value ) Tj ET Q q 0 0 0 rg BT 244.17 401.10 Td (through ) Tj ET Q q 0 0 0 rg BT 272.76 401.10 Td (profit ) Tj ET Q q 0 0 0 rg BT 292.24 401.10 Td (or ) Tj ET Q q 0 0 0 rg BT 301.34 401.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 317.36 401.10 Td (are ) Tj ET Q q 0 0 0 rg BT 330.78 401.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 367.59 401.10 Td (at ) Tj ET Q q 0 0 0 rg BT 376.26 401.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 389.25 401.10 Td (value.) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 383.70 Td (iv) Tj ET Q q 0 0 0 rg BT 76.92 383.70 Td (. ) Tj ET Q q 0 0 0 rg BT 81.25 383.70 Td ( ) Tj ET Q q 0 0 0 rg BT 83.42 383.70 Td ( ) Tj ET Q q 0 0 0 rg BT 85.59 383.70 Td (Functional ) Tj ET Q q 0 0 0 rg BT 123.70 383.70 Td (and ) Tj ET Q q 0 0 0 rg BT 138.86 383.70 Td (presentation ) Tj ET Q q 0 0 0 rg BT 183.91 383.70 Td (currency) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 366.30 Td (These ) Tj ET Q q 0 0 0 rg BT 96.33 366.30 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 142.75 366.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 174.01 366.30 Td (statements ) Tj ET Q q 0 0 0 rg BT 214.79 366.30 Td (are ) Tj ET Q q 0 0 0 rg BT 228.72 366.30 Td (presented ) Tj ET Q q 0 0 0 rg BT 266.05 366.30 Td (in ) Tj ET Q q 0 0 0 rg BT 274.78 366.30 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 310.81 366.30 Td (dollars, ) Tj ET Q q 0 0 0 rg BT 338.59 366.30 Td (which ) Tj ET Q q 0 0 0 rg BT 361.18 366.30 Td (is ) Tj ET Q q 0 0 0 rg BT 369.48 366.30 Td (the ) Tj ET Q q 0 0 0 rg BT 382.99 366.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 402.32 366.30 Td (s ) Tj ET Q q 0 0 0 rg BT 408.89 366.30 Td (functional ) Tj ET Q q 0 0 0 rg BT 444.92 366.30 Td (currency ) Tj ET Q q 0 0 0 rg BT 477.47 366.30 Td (and ) Tj ET Q q 0 0 0 rg BT 493.14 366.30 Td (the ) Tj ET Q q 0 0 0 rg BT 506.64 366.30 Td (functional ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 354.90 Td (currency ) Tj ET Q q 0 0 0 rg BT 104.04 354.90 Td (of ) Tj ET Q q 0 0 0 rg BT 112.71 354.90 Td (all ) Tj ET Q q 0 0 0 rg BT 122.67 354.90 Td (of ) Tj ET Q q 0 0 0 rg BT 131.33 354.90 Td (its ) Tj ET Q q 0 0 0 rg BT 141.29 354.90 Td (subsidiaries.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 72.00 337.50 Td (3. ) Tj ET Q q 0 0 0 rg BT 80.67 337.50 Td ( ) Tj ET Q q 0 0 0 rg BT 82.83 337.50 Td ( ) Tj ET Q q 0 0 0 rg BT 85.00 337.50 Td ( ) Tj ET Q q 0 0 0 rg BT 87.17 337.50 Td ( ) Tj ET Q q 0 0 0 rg BT 89.33 337.50 Td ( ) Tj ET Q q 0 0 0 rg BT 91.50 337.50 Td ( ) Tj ET Q q 0 0 0 rg BT 93.66 337.50 Td (Significant ) Tj ET Q q 0 0 0 rg BT 135.66 337.50 Td (accounting ) Tj ET Q q 0 0 0 rg BT 179.38 337.50 Td (policies) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 320.10 Td (i. ) Tj ET Q q 0 0 0 rg BT 78.06 320.10 Td ( ) Tj ET Q q 0 0 0 rg BT 80.23 320.10 Td ( ) Tj ET Q q 0 0 0 rg BT 82.40 320.10 Td (Significant ) Tj ET Q q 0 0 0 rg BT 120.51 320.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 160.36 320.10 Td (policies) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 302.70 Td (These ) Tj ET Q q 0 0 0 rg BT 96.18 302.70 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 142.45 302.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 173.56 302.70 Td (statements ) Tj ET Q q 0 0 0 rg BT 214.20 302.70 Td (have ) Tj ET Q q 0 0 0 rg BT 233.62 302.70 Td (been ) Tj ET Q q 0 0 0 rg BT 253.48 302.70 Td (prepared ) Tj ET Q q 0 0 0 rg BT 287.19 302.70 Td (using ) Tj ET Q q 0 0 0 rg BT 308.34 302.70 Td (the ) Tj ET Q q 0 0 0 rg BT 321.70 302.70 Td (same ) Tj ET Q q 0 0 0 rg BT 343.27 302.70 Td (accounting ) Tj ET Q q 0 0 0 rg BT 383.49 302.70 Td (policies ) Tj ET Q q 0 0 0 rg BT 411.99 302.70 Td (and ) Tj ET Q q 0 0 0 rg BT 427.52 302.70 Td (methods ) Tj ET Q q 0 0 0 rg BT 459.93 302.70 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 494.93 302.70 Td (in ) Tj ET Q q 0 0 0 rg BT 503.52 302.70 Td (the ) Tj ET Q q 0 0 0 rg BT 516.88 302.70 Td (REIT's ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 291.30 Td (annual ) Tj ET Q q 0 0 0 rg BT 97.98 291.30 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 144.32 291.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 175.49 291.30 Td (statements ) Tj ET Q q 0 0 0 rg BT 216.19 291.30 Td (for ) Tj ET Q q 0 0 0 rg BT 227.87 291.30 Td (the ) Tj ET Q 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262.50 Td (New ) Tj ET Q q 0 0 0 rg BT 101.87 262.50 Td (accounting ) Tj ET Q q 0 0 0 rg BT 141.72 262.50 Td (policy) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 245.10 Td (IAS ) Tj ET Q q 0 0 0 rg BT 86.72 245.10 Td (7, ) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 95.39 245.10 Td (Disclosure ) Tj ET Q q 0 0 0 rg BT 133.92 245.10 Td (Initiative ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 164.67 245.10 Td (\("IAS ) Tj ET Q q 0 0 0 rg BT 184.75 245.10 Td (7"\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 227.70 Td (The ) Tj ET Q q 0 0 0 rg BT 87.33 227.70 Td (amendments ) Tj ET Q q 0 0 0 rg BT 134.27 227.70 Td (to ) Tj ET Q q 0 0 0 rg BT 142.68 227.70 Td (IAS ) Tj ET Q q 0 0 0 rg BT 157.14 227.70 Td (7 ) Tj ET Q q 0 0 0 rg BT 163.38 227.70 Td (require ) Tj ET Q q 0 0 0 rg BT 189.54 227.70 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 230.41 227.70 Td (that ) Tj ET Q q 0 0 0 rg BT 245.32 227.70 Td (enable ) Tj ET Q q 0 0 0 rg BT 270.62 227.70 Td (the ) Tj ET Q q 0 0 0 rg BT 283.35 227.70 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 320.78 227.70 Td (of ) Tj ET Q q 0 0 0 rg BT 329.18 227.70 Td (changes ) Tj ET Q q 0 0 0 rg BT 360.55 227.70 Td (in ) Tj ET Q q 0 0 0 rg BT 368.51 227.70 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 399.86 227.70 Td (arising ) Tj ET Q q 0 0 0 rg BT 424.72 227.70 Td (from ) Tj ET Q q 0 0 0 rg BT 442.21 227.70 Td (financing ) Tj ET Q q 0 0 0 rg BT 475.30 227.70 Td (activities, ) Tj ET Q q 0 0 0 rg BT 509.25 227.70 Td (including ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 216.30 Td (both ) Tj ET Q q 0 0 0 rg BT 89.40 216.30 Td (changes ) Tj ET Q q 0 0 0 rg BT 121.08 216.30 Td (arising ) Tj ET Q q 0 0 0 rg BT 146.26 216.30 Td (from ) Tj ET Q q 0 0 0 rg BT 164.08 216.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 182.77 216.30 Td (and ) Tj ET Q q 0 0 0 rg BT 198.00 216.30 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 232.28 216.30 Td (changes. ) Tj ET Q q 0 0 0 rg BT 265.99 216.30 Td (The ) Tj ET Q q 0 0 0 rg BT 281.65 216.30 Td (amendments ) Tj ET Q q 0 0 0 rg BT 328.92 216.30 Td (to ) Tj ET Q q 0 0 0 rg BT 337.65 216.30 Td (IAS ) Tj ET Q q 0 0 0 rg BT 352.44 216.30 Td (7 ) Tj ET Q q 0 0 0 rg BT 359.00 216.30 Td (were ) Tj ET Q q 0 0 0 rg BT 378.12 216.30 Td (adopted ) Tj ET Q q 0 0 0 rg BT 408.51 216.30 Td (prospectively ) Tj ET Q q 0 0 0 rg BT 456.21 216.30 Td (for ) Tj ET Q q 0 0 0 rg BT 467.53 216.30 Td (periods ) Tj ET Q q 0 0 0 rg BT 495.32 216.30 Td (beginning ) Tj ET Q q 0 0 0 rg BT 531.34 216.30 Td (on ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 204.90 Td (or ) Tj ET Q q 0 0 0 rg BT 81.09 204.90 Td (after ) Tj ET Q q 0 0 0 rg BT 98.85 204.90 Td (January ) Tj ET Q q 0 0 0 rg BT 128.73 204.90 Td (1, ) Tj ET Q q 0 0 0 rg BT 137.40 204.90 Td (2017 ) Tj ET Q q 0 0 0 rg BT 156.90 204.90 Td (by ) Tj ET Q q 0 0 0 rg BT 167.29 204.90 Td (the ) Tj ET Q q 0 0 0 rg BT 180.29 204.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 197.17 204.90 Td (. ) Tj ET Q q 0 0 0 rg BT 201.50 204.90 Td ( ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 187.50 Td (Supplemental ) Tj ET Q q 0 0 0 rg BT 121.81 187.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 140.43 187.50 Td (flow ) Tj ET Q q 0 0 0 rg BT 156.45 187.50 Td (information ) Tj ET Q q 0 0 0 rg BT 197.16 187.50 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 238.29 187.50 Td (have ) Tj ET Q q 0 0 0 rg BT 257.35 187.50 Td (been ) Tj ET Q q 0 0 0 rg BT 276.85 187.50 Td (included ) Tj ET Q q 0 0 0 rg BT 308.04 187.50 Td (in ) Tj ET Q q 0 0 0 rg BT 316.27 187.50 Td (the ) Tj ET Q q 0 0 0 rg BT 329.26 187.50 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 354.56 187.50 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 400.48 187.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 431.23 187.50 Td (statements ) Tj ET Q q 0 0 0 rg BT 471.51 187.50 Td (\(note ) Tj ET Q q 0 0 0 rg BT 491.43 187.50 Td (26\).) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 170.10 Td (iii. ) Tj ET Q q 0 0 0 rg BT 81.52 170.10 Td ( ) Tj ET Q q 0 0 0 rg BT 83.69 170.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.86 170.10 Td (Future ) Tj ET Q q 0 0 0 rg BT 110.54 170.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 150.39 170.10 Td (policies) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 152.70 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 91.91 152.70 Td (2, ) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 100.58 152.70 Td (Share ) Tj ET Q q 0 0 0 rg BT 123.53 152.70 Td (based ) Tj ET Q q 0 0 0 rg BT 146.92 152.70 Td (payments) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 180.70 152.70 Td ( ) Tj ET Q q 0 0 0 rg BT 182.87 152.70 Td (\("IFRS ) Tj ET Q q 0 0 0 rg BT 208.13 152.70 Td (2"\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 134.80 Td (The ) Tj ET Q q 0 0 0 rg BT 86.74 134.80 Td (amendments ) Tj ET Q q 0 0 0 rg BT 133.10 134.80 Td (to ) Tj ET Q q 0 0 0 rg BT 140.91 134.80 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 159.98 134.80 Td (2 ) Tj ET Q q 0 0 0 rg BT 165.63 134.80 Td (provide ) Tj ET Q q 0 0 0 rg BT 192.49 134.80 Td (clarification ) Tj ET Q q 0 0 0 rg BT 232.78 134.80 Td (on ) Tj ET Q q 0 0 0 rg BT 242.77 134.80 Td (how ) Tj ET Q q 0 0 0 rg BT 258.37 134.80 Td (to ) Tj ET Q q 0 0 0 rg BT 266.19 134.80 Td (account ) Tj ET Q q 0 0 0 rg BT 294.80 134.80 Td (for ) Tj ET Q q 0 0 0 rg BT 305.21 134.80 Td (certain ) Tj ET Q q 0 0 0 rg BT 329.91 134.80 Td (types ) Tj ET Q q 0 0 0 rg BT 349.85 134.80 Td (of ) Tj ET Q q 0 0 0 rg BT 357.67 134.80 Td (share-based ) Tj ET Q q 0 0 0 rg BT 402.29 134.80 Td (payment ) Tj ET Q q 0 0 0 rg BT 433.49 134.80 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 478.99 134.80 Td ( ) Tj ET Q q 0 0 0 rg BT 480.22 134.80 Td (The ) Tj ET Q q 0 0 0 rg BT 494.96 134.80 Td (amendments ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 123.40 Td (provide ) Tj ET Q q 0 0 0 rg BT 99.64 123.40 Td (requirements ) Tj ET Q q 0 0 0 rg BT 147.20 123.40 Td (on ) Tj ET Q q 0 0 0 rg BT 157.95 123.40 Td (the ) Tj ET Q q 0 0 0 rg BT 170.87 123.40 Td (accounting ) Tj ET Q q 0 0 0 rg BT 210.65 123.40 Td (for: ) Tj ET Q q 0 0 0 rg BT 224.00 123.40 Td (the ) Tj ET Q q 0 0 0 rg BT 236.92 123.40 Td (ef) Tj ET Q q 0 0 0 rg BT 243.28 123.40 Td (fects ) Tj ET Q q 0 0 0 rg BT 261.83 123.40 Td (of ) Tj ET Q q 0 0 0 rg BT 270.42 123.40 Td (vesting ) Tj ET Q q 0 0 0 rg BT 297.20 123.40 Td (and ) Tj ET Q q 0 0 0 rg BT 312.29 123.40 Td (non-vesting ) Tj ET Q q 0 0 0 rg BT 354.66 123.40 Td (conditions ) Tj ET Q q 0 0 0 rg BT 391.83 123.40 Td (on ) Tj ET Q q 0 0 0 rg BT 402.58 123.40 Td (the ) Tj ET Q q 0 0 0 rg BT 415.51 123.40 Td (measurement ) Tj ET Q q 0 0 0 rg BT 465.23 123.40 Td (of ) Tj ET Q q 0 0 0 rg BT 473.82 123.40 Td (cash-settled ) Tj ET Q q 0 0 0 rg BT 517.92 123.40 Td (share-) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 112.00 Td (based ) Tj ET Q q 0 0 0 rg BT 95.76 112.00 Td (payments; ) Tj ET Q q 0 0 0 rg BT 134.25 112.00 Td (share-based ) Tj ET Q q 0 0 0 rg BT 180.09 112.00 Td (payment ) Tj ET Q q 0 0 0 rg BT 212.51 112.00 Td (transactions ) Tj ET Q q 0 0 0 rg BT 257.05 112.00 Td (with ) Tj ET Q q 0 0 0 rg BT 273.44 112.00 Td (a ) Tj ET Q q 0 0 0 rg BT 280.31 112.00 Td (net ) Tj ET Q q 0 0 0 rg BT 293.68 112.00 Td (settlement ) Tj ET Q q 0 0 0 rg BT 332.16 112.00 Td (feature ) Tj ET Q q 0 0 0 rg BT 358.96 112.00 Td (for ) Tj ET Q q 0 0 0 rg BT 370.58 112.00 Td (withholding ) Tj ET Q q 0 0 0 rg BT 412.10 112.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 425.03 112.00 Td (obligations; ) Tj ET Q q 0 0 0 rg BT 466.98 112.00 Td (and ) Tj ET Q q 0 0 0 rg BT 482.52 112.00 Td (a ) Tj ET Q q 0 0 0 rg BT 489.38 112.00 Td (modification ) Tj ET Q q 0 0 0 rg BT 533.49 112.00 Td (to ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 100.60 Td (the ) Tj ET Q q 0 0 0 rg BT 85.06 100.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 106.77 100.60 Td (and ) Tj ET Q q 0 0 0 rg BT 121.99 100.60 Td (conditions ) Tj ET Q q 0 0 0 rg BT 159.30 100.60 Td (of ) Tj ET Q q 0 0 0 rg BT 168.03 100.60 Td (a ) Tj ET Q q 0 0 0 rg BT 174.59 100.60 Td (share-based ) Tj ET Q q 0 0 0 rg BT 220.13 100.60 Td (payment ) Tj ET Q q 0 0 0 rg BT 252.24 100.60 Td (that ) Tj ET Q q 0 0 0 rg BT 267.46 100.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 299.15 100.60 Td (the ) Tj ET Q q 0 0 0 rg BT 312.21 100.60 Td (classification ) Tj ET Q q 0 0 0 rg BT 358.60 100.60 Td (of ) Tj ET Q q 0 0 0 rg BT 367.33 100.60 Td (the ) Tj ET Q q 0 0 0 rg BT 380.39 100.60 Td (transaction ) Tj ET Q q 0 0 0 rg BT 420.73 100.60 Td (from ) Tj ET Q q 0 0 0 rg BT 438.54 100.60 Td (cash-settled ) Tj ET Q q 0 0 0 rg BT 482.78 100.60 Td (to ) Tj ET Q q 0 0 0 rg BT 491.51 100.60 Td (equity-settled. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 89.20 Td (The ) Tj ET Q q 0 0 0 rg BT 87.84 89.20 Td (amendments ) Tj ET Q q 0 0 0 rg BT 135.30 89.20 Td (apply ) Tj ET Q q 0 0 0 rg BT 156.34 89.20 Td (for ) Tj ET Q q 0 0 0 rg BT 167.86 89.20 Td (annual ) Tj ET Q q 0 0 0 rg BT 193.67 89.20 Td (periods ) Tj ET Q q 0 0 0 rg BT 221.64 89.20 Td (beginning ) Tj ET Q q 0 0 0 rg BT 257.85 89.20 Td (on ) Tj ET Q q 0 0 0 rg BT 268.93 89.20 Td (or ) Tj ET Q q 0 0 0 rg BT 278.28 89.20 Td (after ) Tj ET Q q 0 0 0 rg BT 296.29 89.20 Td (January ) Tj ET Q q 0 0 0 rg BT 326.42 89.20 Td (1, ) Tj ET Q q 0 0 0 rg BT 335.34 89.20 Td (2018. ) Tj ET Q q 0 0 0 rg BT 356.78 89.20 Td (As ) Tj ET Q q 0 0 0 rg BT 368.29 89.20 Td (a ) Tj ET Q q 0 0 0 rg BT 375.04 89.20 Td (practical ) Tj ET Q q 0 0 0 rg BT 406.47 89.20 Td (simplification, ) Tj ET Q q 0 0 0 rg BT 455.66 89.20 Td (the ) Tj ET Q q 0 0 0 rg BT 468.91 89.20 Td (amendments ) Tj ET Q q 0 0 0 rg BT 516.37 89.20 Td (can ) Tj ET Q q 0 0 0 rg BT 531.35 89.20 Td (be ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 77.80 Td (applied ) Tj ET Q q 0 0 0 rg BT 99.10 77.80 Td (prospectively) Tj ET Q q 0 0 0 rg BT 144.00 77.80 Td (. ) Tj ET Q q 0 0 0 rg BT 148.14 77.80 Td (Retrospective, ) Tj ET Q q 0 0 0 rg BT 199.91 77.80 Td (or ) Tj ET Q q 0 0 0 rg BT 208.80 77.80 Td (early) Tj ET Q q 0 0 0 rg BT 225.12 77.80 Td (, ) Tj ET Q q 0 0 0 rg BT 229.26 77.80 Td (application ) Tj ET Q q 0 0 0 rg BT 268.48 77.80 Td (is ) Tj ET Q q 0 0 0 rg BT 276.08 77.80 Td (permitted ) Tj ET Q q 0 0 0 rg BT 310.53 77.80 Td (if ) Tj ET Q q 0 0 0 rg BT 316.40 77.80 Td (information ) Tj ET Q q 0 0 0 rg BT 356.91 77.80 Td (is ) Tj ET Q q 0 0 0 rg BT 364.51 77.80 Td (available ) Tj ET Q q 0 0 0 rg BT 397.24 77.80 Td (without ) Tj ET Q q 0 0 0 rg BT 423.89 77.80 Td (the ) Tj ET Q q 0 0 0 rg BT 436.70 77.80 Td (use ) Tj ET Q q 0 0 0 rg BT 451.23 77.80 Td (of ) Tj ET Q q 0 0 0 rg BT 459.71 77.80 Td (hindsight. ) Tj ET Q q 0 0 0 rg BT 494.91 77.80 Td (The ) Tj ET Q q 0 0 0 rg BT 510.31 77.80 Td (extent ) Tj ET Q q 0 0 0 rg BT 533.51 77.80 Td (of ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 66.40 Td (the ) Tj ET Q q 0 0 0 rg BT 85.00 66.40 Td (impact ) Tj ET Q q 0 0 0 rg BT 110.11 66.40 Td (of ) Tj ET Q q 0 0 0 rg BT 118.78 66.40 Td (adoption ) Tj ET Q q 0 0 0 rg BT 150.84 66.40 Td (of ) Tj ET Q q 0 0 0 rg BT 159.50 66.40 Td (the ) Tj ET Q q 0 0 0 rg BT 172.50 66.40 Td (amendments ) Tj ET Q q 0 0 0 rg BT 219.70 66.40 Td (has ) Tj ET Q q 0 0 0 rg BT 234.43 66.40 Td (not ) Tj ET Q q 0 0 0 rg BT 247.43 66.40 Td (yet ) Tj ET Q q 0 0 0 rg BT 259.99 66.40 Td (been ) Tj ET Q q 0 0 0 rg BT 279.49 66.40 Td (determined. ) Tj ET Q endstream endobj 17 0 obj <> endobj 18 0 obj <> stream BT /F3 14.00 Tf ET q 0 0 0 rg BT 49.50 769.35 Td ( ) Tj ET Q q 0 0 0 rg BT 67.50 769.35 Td ( SLA) Tj ET Q q 0 0 0 rg BT 92.81 769.35 Td (TE OFFICE REIT) Tj ET Q BT /F3 14.00 Tf ET q 0 0 0 rg BT 72.00 752.55 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 121.55 752.55 Td (O THE CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 304.38 752.55 Td (TED INTERIM FINANCIAL) Tj ET Q q 0 0 0 rg BT 442.55 752.55 Td ( ST) Tj ET Q q 0 0 0 rg BT 459.57 752.55 Td (A) Tj ET Q q 0 0 0 rg BT 467.01 752.55 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 740.55 Td (\(all tabular amounts are expressed in thousands of Canadian dollars, unless otherwise noted\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 728.55 Td (\(unaudited\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 303.30 42.95 Td (Page 7) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 695.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 91.91 695.10 Td (9, ) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 100.58 695.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 133.92 695.10 Td (Instruments) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 174.62 695.10 Td ( ) Tj ET Q q 0 0 0 rg BT 176.79 695.10 Td (\("IFRS ) Tj ET Q q 0 0 0 rg BT 202.06 695.10 Td (9"\) ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 677.70 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 91.83 677.70 Td (9, ) Tj ET Q q 0 0 0 rg BT 100.41 677.70 Td (which ) Tj ET Q q 0 0 0 rg BT 122.40 677.70 Td (replaces ) Tj ET Q q 0 0 0 rg BT 153.93 677.70 Td (IAS ) Tj ET Q q 0 0 0 rg BT 168.57 677.70 Td (39, ) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 181.48 677.70 Td (Financial ) Tj ET Q q 0 0 0 rg BT 214.74 677.70 Td (Instruments: ) Tj ET Q q 0 0 0 rg BT 259.70 677.70 Td (Recognition ) Tj ET Q q 0 0 0 rg BT 302.92 677.70 Td (and ) Tj ET Q q 0 0 0 rg BT 318.00 677.70 Td (Measurement) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 365.63 677.70 Td (, ) Tj ET Q q 0 0 0 rg BT 369.88 677.70 Td (establishes ) Tj ET Q q 0 0 0 rg BT 410.94 677.70 Td (principles ) Tj ET Q q 0 0 0 rg BT 445.93 677.70 Td (for ) Tj ET Q q 0 0 0 rg BT 457.10 677.70 Td (the ) Tj ET Q q 0 0 0 rg BT 470.02 677.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 500.69 677.70 Td (reporting ) Tj ET Q q 0 0 0 rg BT 533.51 677.70 Td (of ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 666.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 102.24 666.30 Td (assets ) Tj ET Q q 0 0 0 rg BT 126.42 666.30 Td (and ) Tj ET Q q 0 0 0 rg BT 141.07 666.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 171.31 666.30 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 202.41 666.30 Td (that ) Tj ET Q q 0 0 0 rg BT 217.07 666.30 Td (will ) Tj ET Q q 0 0 0 rg BT 229.54 666.30 Td (present ) Tj ET Q q 0 0 0 rg BT 257.18 666.30 Td (relevant ) Tj ET Q q 0 0 0 rg BT 286.56 666.30 Td (and ) Tj ET Q q 0 0 0 rg BT 301.21 666.30 Td (useful ) Tj ET Q q 0 0 0 rg BT 323.66 666.30 Td (information ) Tj ET Q q 0 0 0 rg BT 363.85 666.30 Td (to ) Tj ET Q q 0 0 0 rg BT 372.01 666.30 Td (users ) Tj ET Q q 0 0 0 rg BT 392.72 666.30 Td (of ) Tj ET Q q 0 0 0 rg BT 400.87 666.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 431.12 666.30 Td (statements ) Tj ET Q q 0 0 0 rg BT 470.88 666.30 Td (for ) Tj ET Q q 0 0 0 rg BT 481.63 666.30 Td (their ) Tj ET Q q 0 0 0 rg BT 498.45 666.30 Td (assessment ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 654.90 Td (of ) Tj ET Q q 0 0 0 rg BT 80.52 654.90 Td (the ) Tj ET Q q 0 0 0 rg BT 93.37 654.90 Td (amounts, ) Tj ET Q q 0 0 0 rg BT 127.44 654.90 Td (timing ) Tj ET Q q 0 0 0 rg BT 150.24 654.90 Td (and ) Tj ET Q q 0 0 0 rg BT 165.26 654.90 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 205.40 654.90 Td (of ) Tj ET Q q 0 0 0 rg BT 213.91 654.90 Td (an ) Tj ET Q q 0 0 0 rg BT 224.60 654.90 Td (entity) Tj ET Q q 0 0 0 rg BT 244.82 654.90 Td (s ) Tj ET Q q 0 0 0 rg BT 250.74 654.90 Td (future ) Tj ET Q q 0 0 0 rg BT 272.68 654.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 291.16 654.90 Td (flows. ) Tj ET Q q 0 0 0 rg BT 313.10 654.90 Td (Under ) Tj ET Q q 0 0 0 rg BT 336.33 654.90 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 356.09 654.90 Td (9, ) Tj ET Q q 0 0 0 rg BT 364.61 654.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 395.22 654.90 Td (assets ) Tj ET Q q 0 0 0 rg BT 419.76 654.90 Td (are ) Tj ET Q q 0 0 0 rg BT 433.04 654.90 Td (classified ) Tj ET Q q 0 0 0 rg BT 467.10 654.90 Td (and ) Tj ET Q q 0 0 0 rg BT 482.12 654.90 Td (measured ) Tj ET Q q 0 0 0 rg BT 518.78 654.90 Td (based ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 643.50 Td (on ) Tj ET Q q 0 0 0 rg BT 82.97 643.50 Td (the ) Tj ET Q q 0 0 0 rg BT 96.11 643.50 Td (business ) Tj ET Q q 0 0 0 rg BT 129.17 643.50 Td (model ) Tj ET Q q 0 0 0 rg BT 152.70 643.50 Td (in ) Tj ET Q q 0 0 0 rg BT 161.07 643.50 Td (which ) Tj ET Q q 0 0 0 rg BT 183.30 643.50 Td (they ) Tj ET Q q 0 0 0 rg BT 200.33 643.50 Td (are ) Tj ET Q q 0 0 0 rg BT 213.90 643.50 Td (held ) Tj ET Q q 0 0 0 rg BT 230.94 643.50 Td (and ) Tj ET Q q 0 0 0 rg BT 246.24 643.50 Td (the ) Tj ET Q q 0 0 0 rg BT 259.38 643.50 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 311.49 643.50 Td (of ) Tj ET Q q 0 0 0 rg BT 320.29 643.50 Td (their ) Tj ET Q q 0 0 0 rg BT 337.76 643.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 356.53 643.50 Td (flows. ) Tj ET Q q 0 0 0 rg BT 378.75 643.50 Td (In ) Tj ET Q q 0 0 0 rg BT 387.56 643.50 Td (addition, ) Tj ET Q q 0 0 0 rg BT 419.32 643.50 Td (under ) Tj ET Q q 0 0 0 rg BT 441.56 643.50 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 461.61 643.50 Td (9 ) Tj ET Q q 0 0 0 rg BT 468.25 643.50 Td (for ) Tj ET Q q 0 0 0 rg BT 479.65 643.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 510.54 643.50 Td (liabilities ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 632.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 108.70 632.10 Td (at ) Tj ET Q q 0 0 0 rg BT 117.25 632.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 130.13 632.10 Td (value, ) Tj ET Q q 0 0 0 rg BT 152.98 632.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 184.49 632.10 Td (in ) Tj ET Q q 0 0 0 rg BT 192.61 632.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 205.49 632.10 Td (value ) Tj ET Q q 0 0 0 rg BT 226.17 632.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 266.78 632.10 Td (to ) Tj ET Q q 0 0 0 rg BT 275.33 632.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 306.85 632.10 Td (in ) Tj ET Q q 0 0 0 rg BT 314.97 632.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 336.08 632.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 350.25 632.10 Td (will ) Tj ET Q q 0 0 0 rg BT 363.12 632.10 Td (be ) Tj ET Q q 0 0 0 rg BT 373.84 632.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 414.01 632.10 Td (in ) Tj ET Q q 0 0 0 rg BT 422.13 632.10 Td (other ) Tj ET Q q 0 0 0 rg BT 441.94 632.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 496.83 632.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 526.17 632.10 Td (with ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 620.70 Td (the ) Tj ET Q q 0 0 0 rg BT 85.34 620.70 Td (remainder ) Tj ET Q q 0 0 0 rg BT 122.92 620.70 Td (of ) Tj ET Q q 0 0 0 rg BT 131.93 620.70 Td (the ) Tj ET Q q 0 0 0 rg BT 145.27 620.70 Td (changes ) Tj ET Q q 0 0 0 rg BT 177.23 620.70 Td (recognized ) Tj ET Q q 0 0 0 rg BT 217.85 620.70 Td (in ) Tj ET Q q 0 0 0 rg BT 226.43 620.70 Td (profit ) Tj ET Q q 0 0 0 rg BT 246.26 620.70 Td (or ) Tj ET Q q 0 0 0 rg BT 255.69 620.70 Td (loss. ) Tj ET Q q 0 0 0 rg BT 274.22 620.70 Td ( ) Tj ET Q q 0 0 0 rg BT 276.73 620.70 Td (However) Tj ET Q q 0 0 0 rg BT 307.04 620.70 Td (, ) Tj ET Q q 0 0 0 rg BT 311.71 620.70 Td (if ) Tj ET Q q 0 0 0 rg BT 318.12 620.70 Td (this ) Tj ET Q q 0 0 0 rg BT 332.76 620.70 Td (requirement ) Tj ET Q q 0 0 0 rg BT 376.83 620.70 Td (creates ) Tj ET Q q 0 0 0 rg BT 404.89 620.70 Td (or ) Tj ET Q q 0 0 0 rg BT 414.33 620.70 Td (enlarges ) Tj ET Q q 0 0 0 rg BT 446.72 620.70 Td (an ) Tj ET Q q 0 0 0 rg BT 457.89 620.70 Td (accounting ) Tj ET Q q 0 0 0 rg BT 498.09 620.70 Td (mismatch ) Tj ET Q q 0 0 0 rg BT 533.93 620.70 Td (in ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 609.30 Td (profit ) Tj ET Q q 0 0 0 rg BT 91.28 609.30 Td (or ) Tj ET Q q 0 0 0 rg BT 100.16 609.30 Td (loss, ) Tj ET Q q 0 0 0 rg BT 118.13 609.30 Td (the ) Tj ET Q q 0 0 0 rg BT 130.92 609.30 Td (entire ) Tj ET Q q 0 0 0 rg BT 152.36 609.30 Td (change ) Tj ET Q q 0 0 0 rg BT 179.87 609.30 Td (in ) Tj ET Q q 0 0 0 rg BT 187.89 609.30 Td (fair ) Tj ET Q q 0 0 0 rg BT 200.67 609.30 Td (value ) Tj ET Q q 0 0 0 rg BT 221.25 609.30 Td (will ) Tj ET Q q 0 0 0 rg BT 234.01 609.30 Td (be ) Tj ET Q q 0 0 0 rg BT 244.63 609.30 Td (recognized ) Tj ET Q q 0 0 0 rg BT 284.70 609.30 Td (in ) Tj ET Q q 0 0 0 rg BT 292.72 609.30 Td (profit ) Tj ET Q q 0 0 0 rg BT 311.99 609.30 Td (or ) Tj ET Q q 0 0 0 rg BT 320.87 609.30 Td (loss. ) Tj ET Q q 0 0 0 rg BT 338.73 609.30 Td (This ) Tj ET Q q 0 0 0 rg BT 355.40 609.30 Td (new ) Tj ET Q q 0 0 0 rg BT 371.64 609.30 Td (standard ) Tj ET Q q 0 0 0 rg BT 403.91 609.30 Td (is ) Tj ET Q q 0 0 0 rg BT 411.49 609.30 Td (ef) Tj ET Q q 0 0 0 rg BT 417.86 609.30 Td (fective ) Tj ET Q q 0 0 0 rg BT 442.33 609.30 Td (for ) Tj ET Q q 0 0 0 rg BT 453.38 609.30 Td (annual ) Tj ET Q q 0 0 0 rg BT 478.73 609.30 Td (periods ) Tj ET Q q 0 0 0 rg BT 506.23 609.30 Td (beginning ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 597.90 Td (on ) Tj ET Q q 0 0 0 rg BT 83.73 597.90 Td (or ) Tj ET Q q 0 0 0 rg BT 93.73 597.90 Td (after ) Tj ET Q q 0 0 0 rg BT 112.39 597.90 Td (January ) Tj ET Q q 0 0 0 rg BT 143.17 597.90 Td (1, ) Tj ET Q q 0 0 0 rg BT 152.74 597.90 Td (2018. ) Tj ET Q q 0 0 0 rg BT 175.31 597.90 Td (Early ) Tj ET Q q 0 0 0 rg BT 196.12 597.90 Td (adoption ) Tj ET Q q 0 0 0 rg BT 229.08 597.90 Td (is ) Tj ET Q q 0 0 0 rg BT 237.78 597.90 Td (permitted. ) Tj ET Q q 0 0 0 rg BT 275.30 597.90 Td (The ) Tj ET Q q 0 0 0 rg BT 291.79 597.90 Td (extent ) Tj ET Q q 0 0 0 rg BT 316.09 597.90 Td (of ) Tj ET Q q 0 0 0 rg BT 325.66 597.90 Td (the ) Tj ET Q q 0 0 0 rg BT 339.56 597.90 Td (impact ) Tj ET Q q 0 0 0 rg BT 365.58 597.90 Td (of ) Tj ET Q q 0 0 0 rg BT 375.14 597.90 Td (adoption ) Tj ET Q q 0 0 0 rg BT 408.10 597.90 Td (of ) Tj ET Q q 0 0 0 rg BT 417.67 597.90 Td (the ) Tj ET Q q 0 0 0 rg BT 431.57 597.90 Td (amendments ) Tj ET Q q 0 0 0 rg BT 479.68 597.90 Td (has ) Tj ET Q q 0 0 0 rg BT 495.31 597.90 Td (not ) Tj ET Q q 0 0 0 rg BT 509.21 597.90 Td (yet ) Tj ET Q q 0 0 0 rg BT 522.67 597.90 Td (been ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 586.50 Td (determined. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 569.10 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 91.91 569.10 Td (15, ) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 104.91 569.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 138.26 569.10 Td (from ) Tj ET Q q 0 0 0 rg BT 156.00 569.10 Td (Contracts ) Tj ET Q q 0 0 0 rg BT 191.51 569.10 Td (with ) Tj ET Q q 0 0 0 rg BT 207.53 569.10 Td (Customers) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 245.19 569.10 Td ( ) Tj ET Q q 0 0 0 rg BT 247.36 569.10 Td (\("IFRS ) Tj ET Q q 0 0 0 rg BT 272.62 569.10 Td (15"\) ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 551.70 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 92.23 551.70 Td (15 ) Tj ET Q q 0 0 0 rg BT 103.38 551.70 Td (provides ) Tj ET Q q 0 0 0 rg BT 135.31 551.70 Td (a ) Tj ET Q q 0 0 0 rg BT 142.13 551.70 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 197.44 551.70 Td (framework ) Tj ET Q q 0 0 0 rg BT 236.29 551.70 Td (for ) Tj ET Q q 0 0 0 rg BT 247.86 551.70 Td (recognition, ) Tj ET Q q 0 0 0 rg BT 290.63 551.70 Td (measurement ) Tj ET Q q 0 0 0 rg BT 340.74 551.70 Td (and ) Tj ET Q q 0 0 0 rg BT 356.23 551.70 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 393.78 551.70 Td (of ) Tj ET Q q 0 0 0 rg BT 402.77 551.70 Td (revenue ) Tj ET Q q 0 0 0 rg BT 433.40 551.70 Td (from ) Tj ET Q q 0 0 0 rg BT 451.47 551.70 Td (contracts ) Tj ET Q q 0 0 0 rg BT 485.57 551.70 Td (with ) Tj ET Q q 0 0 0 rg BT 501.91 551.70 Td (customers, ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 540.30 Td (excluding ) Tj ET Q q 0 0 0 rg BT 106.65 540.30 Td (contracts ) Tj ET Q q 0 0 0 rg BT 139.99 540.30 Td (within ) Tj ET Q q 0 0 0 rg BT 161.63 540.30 Td (the ) Tj ET Q q 0 0 0 rg BT 174.19 540.30 Td (scope ) Tj ET Q q 0 0 0 rg BT 196.71 540.30 Td (of ) Tj ET Q q 0 0 0 rg BT 204.94 540.30 Td (the ) Tj ET Q q 0 0 0 rg BT 217.50 540.30 Td (standard ) Tj ET Q q 0 0 0 rg BT 249.55 540.30 Td (on ) Tj ET Q q 0 0 0 rg BT 259.95 540.30 Td (leases, ) Tj ET Q q 0 0 0 rg BT 286.36 540.30 Td (insurance ) Tj ET Q q 0 0 0 rg BT 321.87 540.30 Td (contracts ) Tj ET Q q 0 0 0 rg BT 355.21 540.30 Td (and ) Tj ET Q q 0 0 0 rg BT 369.94 540.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 400.26 540.30 Td (instruments. ) Tj ET Q q 0 0 0 rg BT 444.31 540.30 Td (The ) Tj ET Q q 0 0 0 rg BT 459.47 540.30 Td (new ) Tj ET Q q 0 0 0 rg BT 475.48 540.30 Td (standards ) Tj ET Q q 0 0 0 rg BT 511.43 540.30 Td (includes ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 528.90 Td (a ) Tj ET Q q 0 0 0 rg BT 78.15 528.90 Td (contract-based ) Tj ET Q q 0 0 0 rg BT 131.50 528.90 Td (five-step ) Tj ET Q q 0 0 0 rg BT 162.77 528.90 Td (analysis ) Tj ET Q q 0 0 0 rg BT 192.73 528.90 Td (of ) Tj ET Q q 0 0 0 rg BT 201.05 528.90 Td (transactions ) Tj ET Q q 0 0 0 rg BT 244.87 528.90 Td (to ) Tj ET Q q 0 0 0 rg BT 253.19 528.90 Td (determine ) Tj ET Q q 0 0 0 rg BT 289.65 528.90 Td (whether) Tj ET Q q 0 0 0 rg BT 316.93 528.90 Td (, ) Tj ET Q q 0 0 0 rg BT 320.91 528.90 Td (how ) Tj ET Q q 0 0 0 rg BT 337.02 528.90 Td (much ) Tj ET Q q 0 0 0 rg BT 357.88 528.90 Td (and ) Tj ET Q q 0 0 0 rg BT 372.70 528.90 Td (when ) Tj ET Q q 0 0 0 rg BT 393.13 528.90 Td (revenue ) Tj ET Q q 0 0 0 rg BT 423.10 528.90 Td (is ) Tj ET Q q 0 0 0 rg BT 430.55 528.90 Td (recognized. ) Tj ET Q q 0 0 0 rg BT 472.64 528.90 Td ( ) Tj ET Q q 0 0 0 rg BT 474.46 528.90 Td (New ) Tj ET Q q 0 0 0 rg BT 491.85 528.90 Td (estimates ) Tj ET Q q 0 0 0 rg BT 527.01 528.90 Td (and ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 517.50 Td (judgmental ) Tj ET Q q 0 0 0 rg BT 111.56 517.50 Td (thresholds ) Tj ET Q q 0 0 0 rg BT 148.96 517.50 Td (have ) Tj ET Q q 0 0 0 rg BT 167.30 517.50 Td (been ) Tj ET Q q 0 0 0 rg BT 186.08 517.50 Td (introduced, ) Tj ET Q q 0 0 0 rg BT 226.08 517.50 Td (which ) Tj ET Q q 0 0 0 rg BT 247.44 517.50 Td (may ) Tj ET Q q 0 0 0 rg BT 263.61 517.50 Td (af) Tj ET Q q 0 0 0 rg BT 269.97 517.50 Td (fect ) Tj ET Q q 0 0 0 rg BT 283.98 517.50 Td (the ) Tj ET Q q 0 0 0 rg BT 296.26 517.50 Td (amount ) Tj ET Q q 0 0 0 rg BT 323.70 517.50 Td (and/or ) Tj ET Q q 0 0 0 rg BT 347.24 517.50 Td (timing ) Tj ET Q q 0 0 0 rg BT 369.47 517.50 Td (of ) Tj ET Q q 0 0 0 rg BT 377.42 517.50 Td (revenue ) Tj ET Q q 0 0 0 rg BT 407.02 517.50 Td (recognized. ) Tj ET Q q 0 0 0 rg BT 448.75 517.50 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 467.94 517.50 Td (15 ) Tj ET Q q 0 0 0 rg BT 478.05 517.50 Td (becomes ) Tj ET Q q 0 0 0 rg BT 511.12 517.50 Td (ef) Tj ET Q q 0 0 0 rg BT 517.48 517.50 Td (fective ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 506.10 Td (for ) Tj ET Q q 0 0 0 rg BT 83.44 506.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 109.18 506.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 137.08 506.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 173.21 506.10 Td (on ) Tj ET Q q 0 0 0 rg BT 184.23 506.10 Td (or ) Tj ET Q q 0 0 0 rg BT 193.50 506.10 Td (after ) Tj ET Q q 0 0 0 rg BT 211.44 506.10 Td (January ) Tj ET Q q 0 0 0 rg BT 241.50 506.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 250.35 506.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 272.19 506.10 Td (and ) Tj ET Q q 0 0 0 rg BT 287.53 506.10 Td (is ) Tj ET Q q 0 0 0 rg BT 295.51 506.10 Td (to ) Tj ET Q q 0 0 0 rg BT 304.35 506.10 Td (be ) Tj ET Q q 0 0 0 rg BT 315.37 506.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 342.84 506.10 Td (retrospectively) Tj ET Q q 0 0 0 rg BT 392.50 506.10 Td (. ) Tj ET Q q 0 0 0 rg BT 397.01 506.10 Td (Early ) Tj ET Q q 0 0 0 rg BT 417.11 506.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 449.34 506.10 Td (is ) Tj ET Q q 0 0 0 rg BT 457.32 506.10 Td (permitted. ) Tj ET Q q 0 0 0 rg BT 494.16 506.10 Td (The ) Tj ET Q q 0 0 0 rg BT 509.93 506.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 533.51 506.10 Td (of ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 494.70 Td (the ) Tj ET Q q 0 0 0 rg BT 85.00 494.70 Td (impact ) Tj ET Q q 0 0 0 rg BT 110.11 494.70 Td (of ) Tj ET Q q 0 0 0 rg BT 118.78 494.70 Td (adoption ) Tj ET Q q 0 0 0 rg BT 150.84 494.70 Td (of ) Tj ET Q q 0 0 0 rg BT 159.50 494.70 Td (the ) Tj ET Q q 0 0 0 rg BT 172.50 494.70 Td (amendments ) Tj ET Q q 0 0 0 rg BT 219.70 494.70 Td (has ) Tj ET Q q 0 0 0 rg BT 234.43 494.70 Td (not ) Tj ET Q q 0 0 0 rg BT 247.43 494.70 Td (yet ) Tj ET Q q 0 0 0 rg BT 259.99 494.70 Td (been ) Tj ET Q q 0 0 0 rg BT 279.49 494.70 Td (determined. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 477.30 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 91.91 477.30 Td (16, ) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 104.91 477.30 Td (Leases ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 132.20 477.30 Td (\("IFRS ) Tj ET Q q 0 0 0 rg BT 157.46 477.30 Td (16"\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 459.90 Td (This ) Tj ET Q q 0 0 0 rg BT 89.10 459.90 Td (standard ) Tj ET Q q 0 0 0 rg BT 121.81 459.90 Td (introduces ) Tj ET Q q 0 0 0 rg BT 160.14 459.90 Td (a ) Tj ET Q q 0 0 0 rg BT 166.86 459.90 Td (single ) Tj ET Q q 0 0 0 rg BT 189.60 459.90 Td (lessee ) Tj ET Q q 0 0 0 rg BT 214.50 459.90 Td (accounting ) Tj ET Q q 0 0 0 rg BT 254.57 459.90 Td (model ) Tj ET Q q 0 0 0 rg BT 278.18 459.90 Td (and ) Tj ET Q q 0 0 0 rg BT 293.56 459.90 Td (requires ) Tj ET Q q 0 0 0 rg BT 324.09 459.90 Td (a ) Tj ET Q q 0 0 0 rg BT 330.81 459.90 Td (lessee ) Tj ET Q q 0 0 0 rg BT 355.71 459.90 Td (to ) Tj ET Q q 0 0 0 rg BT 364.60 459.90 Td (recognize ) Tj ET Q q 0 0 0 rg BT 400.76 459.90 Td (assets ) Tj ET Q q 0 0 0 rg BT 425.67 459.90 Td (and ) Tj ET Q q 0 0 0 rg BT 441.05 459.90 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 472.88 459.90 Td (for ) Tj ET Q q 0 0 0 rg BT 484.36 459.90 Td (all ) Tj ET Q q 0 0 0 rg BT 494.54 459.90 Td (leases ) Tj ET Q q 0 0 0 rg BT 519.44 459.90 Td (with ) Tj ET Q q 0 0 0 rg BT 535.68 459.90 Td (a ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 448.50 Td (term ) Tj ET Q q 0 0 0 rg BT 90.63 448.50 Td (of ) Tj ET Q q 0 0 0 rg BT 100.18 448.50 Td (more ) Tj ET Q q 0 0 0 rg BT 120.98 448.50 Td (than ) Tj ET Q q 0 0 0 rg BT 139.20 448.50 Td (twelve ) Tj ET Q q 0 0 0 rg BT 164.33 448.50 Td (months, ) Tj ET Q q 0 0 0 rg BT 195.10 448.50 Td (unless ) Tj ET Q q 0 0 0 rg BT 220.67 448.50 Td (the ) Tj ET Q q 0 0 0 rg BT 234.56 448.50 Td (underlying ) Tj ET Q q 0 0 0 rg BT 273.55 448.50 Td (asset ) Tj ET Q q 0 0 0 rg BT 295.23 448.50 Td (is ) Tj ET Q q 0 0 0 rg BT 303.91 448.50 Td (of ) Tj ET Q q 0 0 0 rg BT 313.46 448.50 Td (low ) Tj ET Q q 0 0 0 rg BT 328.20 448.50 Td (value. ) Tj ET Q q 0 0 0 rg BT 351.44 448.50 Td (A) Tj ET Q q 0 0 0 rg BT 356.21 448.50 Td ( ) Tj ET Q q 0 0 0 rg BT 359.26 448.50 Td (lessee ) Tj ET Q q 0 0 0 rg BT 384.83 448.50 Td (is ) Tj ET Q q 0 0 0 rg BT 393.51 448.50 Td (required ) Tj ET Q q 0 0 0 rg BT 425.14 448.50 Td (to ) Tj ET Q q 0 0 0 rg BT 434.69 448.50 Td (recognize ) Tj ET Q q 0 0 0 rg BT 471.52 448.50 Td (a ) Tj ET Q q 0 0 0 rg BT 478.91 448.50 Td (right-of-use ) Tj ET Q q 0 0 0 rg BT 521.36 448.50 Td (asset ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 437.10 Td (representing ) Tj ET Q q 0 0 0 rg BT 117.73 437.10 Td (its ) Tj ET Q q 0 0 0 rg BT 127.95 437.10 Td (right ) Tj ET Q q 0 0 0 rg BT 145.53 437.10 Td (to ) Tj ET Q q 0 0 0 rg BT 154.45 437.10 Td (use ) Tj ET Q q 0 0 0 rg BT 169.44 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 182.70 437.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 221.07 437.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 242.12 437.10 Td (and ) Tj ET Q q 0 0 0 rg BT 257.54 437.10 Td (a ) Tj ET Q q 0 0 0 rg BT 264.30 437.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 285.35 437.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 311.15 437.10 Td (representing ) Tj ET Q q 0 0 0 rg BT 356.88 437.10 Td (its ) Tj ET Q q 0 0 0 rg BT 367.10 437.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 402.88 437.10 Td (to ) Tj ET Q q 0 0 0 rg BT 411.80 437.10 Td (make ) Tj ET Q q 0 0 0 rg BT 433.28 437.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 454.33 437.10 Td (payments. ) Tj ET Q q 0 0 0 rg BT 492.55 437.10 Td (This ) Tj ET Q q 0 0 0 rg BT 509.69 437.10 Td (standard ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 425.70 Td (substantially ) Tj ET Q q 0 0 0 rg BT 117.08 425.70 Td (carries ) Tj ET Q q 0 0 0 rg BT 142.67 425.70 Td (forward ) Tj ET Q q 0 0 0 rg BT 170.85 425.70 Td (the ) Tj ET Q q 0 0 0 rg BT 183.89 425.70 Td (lessor ) Tj ET Q q 0 0 0 rg BT 206.88 425.70 Td (accounting ) Tj ET Q q 0 0 0 rg BT 246.77 425.70 Td (requirements ) Tj ET Q q 0 0 0 rg BT 294.44 425.70 Td (of ) Tj ET Q q 0 0 0 rg BT 303.15 425.70 Td (IAS ) Tj ET Q q 0 0 0 rg BT 317.91 425.70 Td (17, ) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 330.95 425.70 Td (Leases) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 356.07 425.70 Td (, ) Tj ET Q q 0 0 0 rg BT 360.45 425.70 Td (while ) Tj ET Q q 0 0 0 rg BT 380.40 425.70 Td (requiring ) Tj ET Q q 0 0 0 rg BT 412.92 425.70 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 449.35 425.70 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 490.53 425.70 Td (to ) Tj ET Q q 0 0 0 rg BT 499.24 425.70 Td (be ) Tj ET Q q 0 0 0 rg BT 510.11 425.70 Td (provided ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 414.30 Td (by ) Tj ET Q q 0 0 0 rg BT 81.79 414.30 Td (lessors. ) Tj ET Q q 0 0 0 rg BT 110.19 414.30 Td (Other ) Tj ET Q q 0 0 0 rg BT 131.23 414.30 Td (areas ) Tj ET Q q 0 0 0 rg BT 152.28 414.30 Td (of ) Tj ET Q q 0 0 0 rg BT 160.33 414.30 Td (the ) Tj ET Q q 0 0 0 rg BT 172.72 414.30 Td (lease ) Tj ET Q q 0 0 0 rg BT 192.90 414.30 Td (accounting ) Tj ET Q q 0 0 0 rg BT 232.15 414.30 Td (model ) Tj ET Q q 0 0 0 rg BT 254.92 414.30 Td (have ) Tj ET Q q 0 0 0 rg BT 273.37 414.30 Td (been ) Tj ET Q q 0 0 0 rg BT 292.26 414.30 Td (impacted, ) Tj ET Q q 0 0 0 rg BT 327.60 414.30 Td (including ) Tj ET Q q 0 0 0 rg BT 359.90 414.30 Td (the ) Tj ET Q q 0 0 0 rg BT 372.29 414.30 Td (definition ) Tj ET Q q 0 0 0 rg BT 405.04 414.30 Td (of ) Tj ET Q q 0 0 0 rg BT 413.09 414.30 Td (a ) Tj ET Q q 0 0 0 rg BT 418.98 414.30 Td (lease. ) Tj ET Q q 0 0 0 rg BT 441.23 414.30 Td (The ) Tj ET Q q 0 0 0 rg BT 456.22 414.30 Td (new ) Tj ET Q q 0 0 0 rg BT 472.06 414.30 Td (standard ) Tj ET Q q 0 0 0 rg BT 503.94 414.30 Td (is ) Tj ET Q q 0 0 0 rg BT 511.12 414.30 Td (ef) Tj ET Q q 0 0 0 rg BT 517.48 414.30 Td (fective ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 402.90 Td (for ) Tj ET Q q 0 0 0 rg BT 82.97 402.90 Td (annual ) Tj ET Q q 0 0 0 rg BT 108.25 402.90 Td (periods ) Tj ET Q q 0 0 0 rg BT 135.68 402.90 Td (beginning ) Tj ET Q q 0 0 0 rg BT 171.35 402.90 Td (on ) Tj ET Q q 0 0 0 rg BT 181.89 402.90 Td (or ) Tj ET Q q 0 0 0 rg BT 190.70 402.90 Td (after ) Tj ET Q q 0 0 0 rg BT 208.17 402.90 Td (January ) Tj ET Q q 0 0 0 rg BT 237.77 402.90 Td (1, ) Tj ET Q q 0 0 0 rg BT 246.15 402.90 Td (2019, ) Tj ET Q q 0 0 0 rg BT 267.53 402.90 Td (which ) Tj ET Q q 0 0 0 rg BT 289.32 402.90 Td (is ) Tj ET Q q 0 0 0 rg BT 296.83 402.90 Td (when ) Tj ET Q q 0 0 0 rg BT 317.33 402.90 Td (the ) Tj ET Q q 0 0 0 rg BT 330.04 402.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 347.65 402.90 Td ( ) Tj ET Q q 0 0 0 rg BT 349.53 402.90 Td (intends ) Tj ET Q q 0 0 0 rg BT 376.54 402.90 Td (to ) Tj ET Q q 0 0 0 rg BT 384.92 402.90 Td (adopt ) Tj ET Q q 0 0 0 rg BT 406.29 402.90 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 425.92 402.90 Td (16 ) Tj ET Q q 0 0 0 rg BT 436.46 402.90 Td (in ) Tj ET Q q 0 0 0 rg BT 444.41 402.90 Td (its ) Tj ET Q q 0 0 0 rg BT 454.08 402.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 484.55 402.90 Td (statements. ) Tj ET Q q 0 0 0 rg BT 526.59 402.90 Td (The ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 391.50 Td (extent ) Tj ET Q q 0 0 0 rg BT 95.39 391.50 Td (of ) Tj ET Q q 0 0 0 rg BT 104.06 391.50 Td (the ) Tj ET Q q 0 0 0 rg BT 117.06 391.50 Td (impact ) Tj ET Q q 0 0 0 rg BT 142.17 391.50 Td (of ) Tj ET Q q 0 0 0 rg BT 150.84 391.50 Td (adoption ) Tj ET Q q 0 0 0 rg BT 182.90 391.50 Td (of ) Tj ET Q q 0 0 0 rg BT 191.56 391.50 Td (the ) Tj ET Q q 0 0 0 rg BT 204.56 391.50 Td (standard ) Tj ET Q q 0 0 0 rg BT 237.04 391.50 Td (has ) Tj ET Q q 0 0 0 rg BT 251.77 391.50 Td (not ) Tj ET Q q 0 0 0 rg BT 264.77 391.50 Td (yet ) Tj ET Q q 0 0 0 rg BT 277.33 391.50 Td (been ) Tj ET Q q 0 0 0 rg BT 296.83 391.50 Td (determined. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 72.00 374.10 Td (4. ) Tj ET Q q 0 0 0 rg BT 80.67 374.10 Td ( ) Tj ET Q q 0 0 0 rg BT 82.83 374.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.00 374.10 Td ( ) Tj ET Q q 0 0 0 rg BT 87.17 374.10 Td ( ) Tj ET Q q 0 0 0 rg BT 89.33 374.10 Td ( ) Tj ET Q q 0 0 0 rg BT 91.50 374.10 Td ( ) Tj ET Q q 0 0 0 rg BT 93.66 374.10 Td (Properties) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 356.70 Td (The ) Tj ET Q q 0 0 0 rg BT 87.59 356.70 Td (change ) Tj ET Q q 0 0 0 rg BT 115.32 356.70 Td (in ) Tj ET Q q 0 0 0 rg BT 123.55 356.70 Td (the ) Tj ET Q q 0 0 0 rg BT 136.54 356.70 Td (carrying ) Tj ET Q q 0 0 0 rg BT 166.42 356.70 Td (value ) Tj ET Q q 0 0 0 rg BT 187.21 356.70 Td (of ) Tj ET Q q 0 0 0 rg BT 195.87 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203.20000000000005 m 390.5 203.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 189.20000000000005 m 390.5 189.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 203.20000000000005 m 465.5 203.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 189.20000000000005 m 465.5 189.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 203.20000000000005 m 540.5 203.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 189.20000000000005 m 540.5 189.20000000000005 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 283.00 333.73 Td (Three months ended June 30,) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 442.55 333.73 Td (Six months ended June 30,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 294.65 319.73 Td (2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 369.65 319.73 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 444.65 319.73 Td (2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 519.65 319.73 Td (2016) Tj ET Q BT /F2 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9.50 Tf ET q 0 0 0 rg BT 75.00 277.73 Td (Capital expenditures) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 292.90 277.73 Td (7,199) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 367.90 277.73 Td (9,828) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 438.55 277.73 Td (11,708) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 513.55 277.73 Td (15,927) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 263.73 Td (Direct leasing costs) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 292.90 263.73 Td (6,543) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 367.90 263.73 Td (2,467) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 438.55 263.73 Td (13,856) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 517.90 263.73 Td (6,665) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 249.73 Td (Dispositions) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 227.30 249.68 Td (6) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 290.30 249.73 Td (\(4,400) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 312.40 249.73 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 365.30 249.78 Td (\(4,275) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 387.40 249.73 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 440.30 249.73 Td (\(4,400) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 462.40 249.73 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 515.30 249.73 Td (\(4,275) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 537.40 249.73 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 235.73 Td (Depreciation of hotel asset) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 296.80 235.73 Td (\(191) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 312.40 235.73 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 371.80 235.78 Td (\(143) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 387.40 235.73 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 446.80 235.73 Td (\(380) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 462.40 235.73 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 521.80 235.73 Td (\(279) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 537.40 235.73 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 221.73 Td (Change in fair value) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 290.30 221.73 Td (\(2,389) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 312.40 221.73 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 367.90 221.73 Td (6,470) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 440.30 221.73 Td (\(2,162) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 462.40 221.73 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 517.90 221.73 Td (8,408) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 207.73 Td (Straight line rent and other changes) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 299.40 207.73 Td (266) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 374.40 207.73 Td (443) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 449.40 207.73 Td (716) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 524.40 207.73 Td (936) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 75.00 193.73 Td (Balance, end of period) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 243.00 193.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 277.70 193.73 Td (1,223,073) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 318.00 193.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 359.20 193.73 Td (843,257) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.00 193.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 427.70 193.73 Td (1,223,073) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 468.00 193.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 509.20 193.73 Td (843,257) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 170.30 Td (Properties ) Tj ET Q q 0 0 0 rg BT 109.68 170.30 Td (at ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 118.36 170.30 Td (June30, ) Tj ET Q q 0 0 0 rg BT 150.42 170.30 Td (2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 167.75 170.30 Td ( ) Tj ET Q q 0 0 0 rg BT 169.93 170.30 Td (are ) Tj ET Q q 0 0 0 rg BT 183.36 170.30 Td (comprised ) Tj ET Q q 0 0 0 rg BT 221.48 170.30 Td (of ) Tj ET Q q 0 0 0 rg BT 230.15 170.30 Td (the ) Tj ET Q q 0 0 0 rg BT 243.16 170.30 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 268.47 170.30 Td (interests ) Tj ET Q q 0 0 0 rg BT 300.09 170.30 Td (in ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 308.33 170.30 Td (38) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 316.99 170.30 Td ( ) Tj ET Q q 0 0 0 rg BT 319.17 170.30 Td (properties, ) Tj ET Q q 0 0 0 rg BT 358.15 170.30 Td (which ) Tj ET Q q 0 0 0 rg BT 380.24 170.30 Td (includes ) Tj ET Q q 0 0 0 rg BT 411.00 170.30 Td (one ) Tj ET Q q 0 0 0 rg BT 426.18 170.30 Td (mixed-use ) Tj ET Q q 0 0 0 rg BT 464.29 170.30 Td (hotel ) Tj ET Q q 0 0 0 rg BT 483.36 170.30 Td (and ) Tj ET Q q 0 0 0 rg BT 498.53 170.30 Td (of) Tj ET Q q 0 0 0 rg BT 504.90 170.30 Td (fice ) Tj ET Q q 0 0 0 rg BT 519.20 170.30 Td (asset. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 158.90 Td (The ) Tj ET Q q 0 0 0 rg BT 86.91 158.90 Td (hotel ) Tj ET Q q 0 0 0 rg BT 105.30 158.90 Td (portion ) Tj ET Q q 0 0 0 rg BT 130.60 158.90 Td (of ) Tj ET Q q 0 0 0 rg BT 138.59 158.90 Td (the ) Tj ET Q q 0 0 0 rg BT 150.91 158.90 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 175.53 158.90 Td (mixed-use ) Tj ET Q q 0 0 0 rg BT 212.96 158.90 Td (asset ) Tj ET Q q 0 0 0 rg BT 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0 0 0 rg BT 170.62 147.50 Td (at ) Tj ET Q q 0 0 0 rg BT 178.60 147.50 Td (cost ) Tj ET Q q 0 0 0 rg BT 194.38 147.50 Td (less ) Tj ET Q q 0 0 0 rg BT 209.72 147.50 Td (depreciation, ) Tj ET Q q 0 0 0 rg BT 255.82 147.50 Td (with ) Tj ET Q q 0 0 0 rg BT 271.16 147.50 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 315.09 147.50 Td (charged ) Tj ET Q q 0 0 0 rg BT 344.73 147.50 Td (to ) Tj ET Q q 0 0 0 rg BT 352.71 147.50 Td (income ) Tj ET Q q 0 0 0 rg BT 379.32 147.50 Td (over ) Tj ET Q q 0 0 0 rg BT 395.96 147.50 Td (the ) Tj ET Q q 0 0 0 rg BT 408.27 147.50 Td (estimated ) Tj ET Q q 0 0 0 rg BT 443.54 147.50 Td (useful ) Tj ET Q q 0 0 0 rg BT 465.82 147.50 Td (life ) Tj ET Q q 0 0 0 rg BT 477.26 147.50 Td (of ) Tj ET Q q 0 0 0 rg BT 485.25 147.50 Td (the ) Tj ET Q q 0 0 0 rg BT 497.57 147.50 Td (components ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 136.10 Td (of ) Tj ET Q q 0 0 0 rg BT 80.67 136.10 Td (the ) Tj ET Q q 0 0 0 rg BT 93.66 136.10 Td (hotel ) Tj ET Q q 0 0 0 rg BT 112.72 136.10 Td (asset. ) Tj ET Q endstream endobj 19 0 obj <> endobj 20 0 obj <> stream BT /F3 14.00 Tf ET q 0 0 0 rg BT 49.50 769.35 Td ( ) Tj ET Q q 0 0 0 rg BT 67.50 769.35 Td ( SLA) Tj ET Q q 0 0 0 rg BT 92.81 769.35 Td (TE OFFICE REIT) Tj ET Q BT /F3 14.00 Tf ET q 0 0 0 rg BT 72.00 752.55 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 121.55 752.55 Td (O THE CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 304.38 752.55 Td (TED INTERIM FINANCIAL) Tj ET Q q 0 0 0 rg BT 442.55 752.55 Td ( ST) Tj ET Q q 0 0 0 rg BT 459.57 752.55 Td (A) Tj ET Q q 0 0 0 rg BT 467.01 752.55 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 740.55 Td (\(all tabular amounts are expressed in thousands of Canadian dollars, unless otherwise noted\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 728.55 Td (\(unaudited\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 303.30 42.95 Td (Page 8) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 695.10 Td (The ) Tj ET Q q 0 0 0 rg BT 87.59 695.10 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 112.89 695.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 149.70 695.10 Td (are ) Tj ET Q q 0 0 0 rg BT 163.12 695.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 197.34 695.10 Td (into ) Tj ET Q q 0 0 0 rg BT 212.06 695.10 Td (income ) Tj ET Q q 0 0 0 rg BT 239.35 695.10 Td (producing ) Tj ET Q q 0 0 0 rg BT 275.73 695.10 Td (and ) Tj ET Q q 0 0 0 rg BT 290.89 695.10 Td (development ) Tj ET Q q 0 0 0 rg BT 337.67 695.10 Td (as ) Tj ET Q q 0 0 0 rg BT 348.06 695.10 Td (follows: ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 678.6 m 389.5 678.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 71.5 664.6 m 389.5 664.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 678.6 m 464.5 678.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 389.5 664.6 m 464.5 664.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 678.6 m 539.5 678.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 664.6 m 539.5 664.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 71.5 636.6 m 389.5 636.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 389.5 636.6 m 464.5 636.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 636.6 m 539.5 636.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 622.6 m 389.5 622.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 622.6 m 464.5 622.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 622.6 m 539.5 622.6 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 410.30 669.13 Td (June 30, 2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 467.55 669.13 Td (December 31, 2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 74.00 655.13 Td (Income producing) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 392.00 655.13 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 426.70 655.13 Td (1,177,236) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 467.00 655.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 508.20 655.13 Td (907,343) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 74.00 641.13 Td (Development) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 437.55 641.13 Td (45,837) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 512.55 641.13 Td (39,596) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 392.00 627.13 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 426.70 627.13 Td (1,223,073) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 467.00 627.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 508.20 627.13 Td (946,939) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 603.70 Td (The ) Tj ET Q q 0 0 0 rg BT 87.82 603.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 105.43 603.70 Td ( ) Tj ET Q q 0 0 0 rg BT 107.82 603.70 Td (determines ) Tj ET Q q 0 0 0 rg BT 148.75 603.70 Td (the ) Tj ET Q q 0 0 0 rg BT 161.98 603.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 175.19 603.70 Td (value ) Tj ET Q q 0 0 0 rg BT 196.21 603.70 Td (of ) Tj ET Q q 0 0 0 rg BT 205.10 603.70 Td (properties ) Tj ET Q q 0 0 0 rg BT 242.14 603.70 Td (based ) Tj ET Q q 0 0 0 rg BT 265.76 603.70 Td (upon ) Tj ET Q q 0 0 0 rg BT 285.48 603.70 Td (either ) Tj ET Q q 0 0 0 rg BT 307.36 603.70 Td (the ) Tj ET Q q 0 0 0 rg BT 320.59 603.70 Td (overall ) Tj ET Q q 0 0 0 rg BT 345.93 603.70 Td (income ) Tj ET Q q 0 0 0 rg BT 373.43 603.70 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 420.87 603.70 Td (rate ) Tj ET Q q 0 0 0 rg BT 436.69 603.70 Td (method, ) Tj ET Q q 0 0 0 rg BT 467.23 603.70 Td (discounted ) Tj ET Q q 0 0 0 rg BT 507.31 603.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 526.16 603.70 Td (flow ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 592.30 Td (method, ) Tj ET Q q 0 0 0 rg BT 102.20 592.30 Td (direct ) Tj ET Q q 0 0 0 rg BT 123.29 592.30 Td (comparison ) Tj ET Q q 0 0 0 rg BT 165.61 592.30 Td (approach ) Tj ET Q q 0 0 0 rg BT 200.14 592.30 Td (or ) Tj ET Q q 0 0 0 rg BT 209.11 592.30 Td (through ) Tj ET Q q 0 0 0 rg BT 237.58 592.30 Td (a ) Tj ET Q q 0 0 0 rg BT 243.95 592.30 Td (combination ) Tj ET Q q 0 0 0 rg BT 288.01 592.30 Td (of ) Tj ET Q q 0 0 0 rg BT 296.55 592.30 Td (methods. ) Tj ET Q q 0 0 0 rg BT 330.24 592.30 Td (All ) Tj ET Q q 0 0 0 rg BT 340.94 592.30 Td (methods ) Tj ET Q q 0 0 0 rg BT 372.87 592.30 Td (are ) Tj ET Q q 0 0 0 rg BT 386.17 592.30 Td (generally ) Tj ET Q q 0 0 0 rg BT 419.83 592.30 Td (accepted ) Tj ET Q q 0 0 0 rg BT 453.50 592.30 Td (appraisal ) Tj ET Q q 0 0 0 rg BT 487.16 592.30 Td (methodologies. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 580.90 Td (If ) Tj ET Q q 0 0 0 rg BT 78.75 580.90 Td (a ) Tj ET Q q 0 0 0 rg BT 85.51 580.90 Td (third ) Tj ET Q q 0 0 0 rg BT 103.08 580.90 Td (party ) Tj ET Q q 0 0 0 rg BT 122.82 580.90 Td (appraisal ) Tj ET Q q 0 0 0 rg BT 156.86 580.90 Td (is ) Tj ET Q q 0 0 0 rg BT 164.90 580.90 Td (not ) Tj ET Q q 0 0 0 rg BT 178.16 580.90 Td (obtained ) Tj ET Q q 0 0 0 rg BT 210.47 580.90 Td (for ) Tj ET Q q 0 0 0 rg BT 221.98 580.90 Td (a ) Tj ET Q q 0 0 0 rg BT 228.73 580.90 Td (property) Tj ET Q q 0 0 0 rg BT 256.74 580.90 Td (, ) Tj ET Q q 0 0 0 rg BT 261.33 580.90 Td (management ) Tj ET Q q 0 0 0 rg BT 309.23 580.90 Td (uses ) Tj ET Q q 0 0 0 rg BT 328.10 580.90 Td (one ) Tj ET Q q 0 0 0 rg BT 343.52 580.90 Td (or ) Tj ET Q q 0 0 0 rg BT 352.87 580.90 Td (a ) Tj ET Q q 0 0 0 rg BT 359.62 580.90 Td (combination ) Tj ET Q q 0 0 0 rg BT 404.05 580.90 Td (of ) Tj ET Q q 0 0 0 rg BT 412.97 580.90 Td (the ) Tj ET Q q 0 0 0 rg BT 426.22 580.90 Td (overall ) Tj ET Q q 0 0 0 rg BT 451.59 580.90 Td (income ) Tj ET Q q 0 0 0 rg BT 479.12 580.90 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 526.59 580.90 Td (rate ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 569.50 Td (method ) Tj ET Q q 0 0 0 rg BT 100.10 569.50 Td (and ) Tj ET Q q 0 0 0 rg BT 115.20 569.50 Td (the ) Tj ET Q q 0 0 0 rg BT 128.14 569.50 Td (discounted ) Tj ET Q q 0 0 0 rg BT 167.94 569.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 186.51 569.50 Td (flow ) Tj ET Q q 0 0 0 rg BT 202.47 569.50 Td (method. ) Tj ET Q q 0 0 0 rg BT 232.73 569.50 Td (In ) Tj ET Q q 0 0 0 rg BT 241.34 569.50 Td (certain ) Tj ET Q q 0 0 0 rg BT 266.83 569.50 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 318.73 569.50 Td (the ) Tj ET Q q 0 0 0 rg BT 331.67 569.50 Td (direct ) Tj ET Q q 0 0 0 rg BT 352.83 569.50 Td (comparison ) Tj ET Q q 0 0 0 rg BT 395.21 569.50 Td (approach ) Tj ET Q q 0 0 0 rg BT 429.81 569.50 Td (is ) Tj ET Q q 0 0 0 rg BT 437.54 569.50 Td (used ) Tj ET Q q 0 0 0 rg BT 456.55 569.50 Td (by ) Tj ET Q q 0 0 0 rg BT 466.89 569.50 Td (comparing ) Tj ET Q q 0 0 0 rg BT 505.37 569.50 Td (properties ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 558.10 Td (to ) Tj ET Q q 0 0 0 rg BT 81.16 558.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 106.32 558.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 143.62 558.10 Td (that ) Tj ET Q q 0 0 0 rg BT 159.28 558.10 Td (have ) Tj ET Q q 0 0 0 rg BT 178.83 558.10 Td (sold, ) Tj ET Q q 0 0 0 rg BT 197.94 558.10 Td (but ) Tj ET Q q 0 0 0 rg BT 211.43 558.10 Td (adjusting ) Tj ET Q q 0 0 0 rg BT 245.28 558.10 Td (for ) Tj ET Q q 0 0 0 rg BT 257.03 558.10 Td (dif) Tj ET Q q 0 0 0 rg BT 265.12 558.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 297.67 558.10 Td (in ) Tj ET Q q 0 0 0 rg BT 306.39 558.10 Td (the ) Tj ET Q q 0 0 0 rg BT 319.88 558.10 Td (nature ) Tj ET Q q 0 0 0 rg BT 344.62 558.10 Td (and ) Tj ET Q q 0 0 0 rg BT 360.28 558.10 Td (location ) Tj ET Q q 0 0 0 rg BT 389.79 558.10 Td (of ) Tj ET Q q 0 0 0 rg BT 398.95 558.10 Td (the ) Tj ET Q q 0 0 0 rg BT 412.44 558.10 Td (properties. ) Tj ET Q q 0 0 0 rg BT 451.91 558.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 475.78 558.10 Td (the ) Tj ET Q q 0 0 0 rg BT 489.27 558.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 514.87 558.10 Td (income ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 546.70 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 119.71 546.70 Td (rate ) Tj ET Q q 0 0 0 rg BT 135.80 546.70 Td (method, ) Tj ET Q q 0 0 0 rg BT 166.62 546.70 Td (year ) Tj ET Q q 0 0 0 rg BT 184.44 546.70 Td (one ) Tj ET Q q 0 0 0 rg BT 200.10 546.70 Td (income ) Tj ET Q q 0 0 0 rg BT 227.88 546.70 Td (is ) Tj ET Q q 0 0 0 rg BT 236.18 546.70 Td (stabilized ) Tj ET Q q 0 0 0 rg BT 271.32 546.70 Td (and ) Tj ET Q q 0 0 0 rg BT 286.99 546.70 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 326.47 546.70 Td (at ) Tj ET Q q 0 0 0 rg BT 335.63 546.70 Td (a ) Tj ET Q q 0 0 0 rg BT 342.63 546.70 Td (rate ) Tj ET Q q 0 0 0 rg BT 358.72 546.70 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 400.80 546.70 Td (for ) Tj ET Q q 0 0 0 rg BT 412.56 546.70 Td (each ) Tj ET Q q 0 0 0 rg BT 432.12 546.70 Td (investment ) Tj ET Q q 0 0 0 rg BT 472.46 546.70 Td (property) Tj ET Q q 0 0 0 rg BT 500.47 546.70 Td (. ) Tj ET Q q 0 0 0 rg BT 505.30 546.70 Td (Under ) Tj ET Q q 0 0 0 rg BT 529.18 546.70 Td (the ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 535.30 Td (discounted ) Tj ET Q q 0 0 0 rg BT 111.65 535.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 130.07 535.30 Td (flow ) Tj ET Q q 0 0 0 rg BT 145.88 535.30 Td (method, ) Tj ET Q q 0 0 0 rg BT 176.00 535.30 Td (fair ) Tj ET Q q 0 0 0 rg BT 188.79 535.30 Td (values ) Tj ET Q q 0 0 0 rg BT 213.27 535.30 Td (are ) Tj ET Q q 0 0 0 rg BT 226.49 535.30 Td (primarily ) Tj ET Q q 0 0 0 rg BT 257.89 535.30 Td (determined ) Tj ET Q q 0 0 0 rg BT 298.82 535.30 Td (by ) Tj ET Q q 0 0 0 rg BT 309.02 535.30 Td (discounting ) Tj ET Q q 0 0 0 rg BT 350.40 535.30 Td (the ) Tj ET Q q 0 0 0 rg BT 363.19 535.30 Td (expected ) Tj ET Q q 0 0 0 rg BT 396.78 535.30 Td (future ) Tj ET Q q 0 0 0 rg BT 418.66 535.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 437.08 535.30 Td (flows, ) Tj ET Q q 0 0 0 rg BT 458.96 535.30 Td (generally ) Tj ET Q q 0 0 0 rg BT 492.54 535.30 Td (over ) Tj ET Q q 0 0 0 rg BT 509.66 535.30 Td (a ) Tj ET Q q 0 0 0 rg BT 515.95 535.30 Td (term ) Tj ET Q q 0 0 0 rg BT 533.50 535.30 Td (of ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 523.90 Td (10 ) Tj ET Q q 0 0 0 rg BT 81.96 523.90 Td (years, ) Tj ET Q q 0 0 0 rg BT 104.48 523.90 Td (including ) Tj ET Q q 0 0 0 rg BT 136.53 523.90 Td (a ) Tj ET Q q 0 0 0 rg BT 142.16 523.90 Td (terminal ) Tj ET Q q 0 0 0 rg BT 171.16 523.90 Td (value ) Tj ET Q q 0 0 0 rg BT 191.09 523.90 Td (based ) Tj ET Q q 0 0 0 rg BT 213.61 523.90 Td (on ) Tj ET Q q 0 0 0 rg BT 223.57 523.90 Td (the ) Tj ET Q q 0 0 0 rg BT 235.70 523.90 Td (application ) Tj ET Q q 0 0 0 rg BT 274.25 523.90 Td (of ) Tj ET Q q 0 0 0 rg BT 282.05 523.90 Td (a ) Tj ET Q q 0 0 0 rg BT 287.68 523.90 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 334.02 523.90 Td (rate ) Tj ET Q q 0 0 0 rg BT 348.74 523.90 Td (to ) Tj ET Q q 0 0 0 rg BT 356.54 523.90 Td (estimated ) Tj ET Q q 0 0 0 rg BT 391.61 523.90 Td (year ) Tj ET Q q 0 0 0 rg BT 408.07 523.90 Td (1) Tj ET Q q 0 0 0 rg BT 411.83 523.90 Td (1 ) Tj ET Q q 0 0 0 rg BT 417.46 523.90 Td (net ) Tj ET Q q 0 0 0 rg BT 429.59 523.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 463.37 523.90 Td (income. ) Tj ET Q q 0 0 0 rg BT 491.95 523.90 Td ( ) Tj ET Q q 0 0 0 rg BT 493.25 523.90 Td (Capitalization ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 512.50 Td (and ) Tj ET Q q 0 0 0 rg BT 87.34 512.50 Td (discount ) Tj ET Q q 0 0 0 rg BT 118.70 512.50 Td (rates ) Tj ET Q q 0 0 0 rg BT 138.36 512.50 Td (are ) Tj ET Q q 0 0 0 rg BT 151.96 512.50 Td (the ) Tj ET Q q 0 0 0 rg BT 165.13 512.50 Td (most ) Tj ET Q q 0 0 0 rg BT 184.35 512.50 Td (significant ) Tj ET Q q 0 0 0 rg BT 221.34 512.50 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 267.42 512.50 Td (in ) Tj ET Q q 0 0 0 rg BT 275.82 512.50 Td (determining ) Tj ET Q q 0 0 0 rg BT 318.87 512.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 332.03 512.50 Td (value. ) Tj ET Q q 0 0 0 rg BT 355.02 512.50 Td (The ) Tj ET Q q 0 0 0 rg BT 370.78 512.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 388.39 512.50 Td ( ) Tj ET Q q 0 0 0 rg BT 390.73 512.50 Td (uses ) Tj ET Q q 0 0 0 rg BT 409.53 512.50 Td (leasing ) Tj ET Q q 0 0 0 rg BT 436.55 512.50 Td (history) Tj ET Q q 0 0 0 rg BT 458.93 512.50 Td (, ) Tj ET Q q 0 0 0 rg BT 463.44 512.50 Td (market ) Tj ET Q q 0 0 0 rg BT 489.59 512.50 Td (reports, ) Tj ET Q q 0 0 0 rg BT 518.34 512.50 Td (tenant ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 501.10 Td (profiles ) Tj ET Q q 0 0 0 rg BT 99.28 501.10 Td (and ) Tj ET Q q 0 0 0 rg BT 114.45 501.10 Td (available ) Tj ET Q q 0 0 0 rg BT 147.36 501.10 Td (appraisals, ) Tj ET Q q 0 0 0 rg BT 187.21 501.10 Td (among ) Tj ET Q q 0 0 0 rg BT 213.19 501.10 Td (other ) Tj ET Q q 0 0 0 rg BT 233.12 501.10 Td (evidence, ) Tj ET Q q 0 0 0 rg BT 268.63 501.10 Td (in ) Tj ET Q q 0 0 0 rg BT 276.86 501.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 319.74 501.10 Td (the ) Tj ET Q q 0 0 0 rg BT 332.73 501.10 Td (most ) Tj ET Q q 0 0 0 rg BT 351.79 501.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 393.36 501.10 Td (assumptions. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 483.70 Td (The ) Tj ET Q q 0 0 0 rg BT 87.13 483.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 99.65 483.70 Td (values ) Tj ET Q q 0 0 0 rg BT 123.87 483.70 Td (of ) Tj ET Q q 0 0 0 rg BT 132.08 483.70 Td (properties ) Tj ET Q q 0 0 0 rg BT 168.42 483.70 Td (are ) Tj ET Q q 0 0 0 rg BT 181.38 483.70 Td (measured ) Tj ET Q q 0 0 0 rg BT 217.73 483.70 Td (individually ) Tj ET Q q 0 0 0 rg BT 257.54 483.70 Td (without ) Tj ET Q q 0 0 0 rg BT 283.92 483.70 Td (consideration ) Tj ET Q q 0 0 0 rg BT 331.96 483.70 Td (to ) Tj ET Q q 0 0 0 rg BT 340.17 483.70 Td (their ) Tj ET Q q 0 0 0 rg BT 357.02 483.70 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 393.81 483.70 Td (value ) Tj ET Q q 0 0 0 rg BT 414.14 483.70 Td (on ) Tj ET Q q 0 0 0 rg BT 424.51 483.70 Td (a ) Tj ET Q q 0 0 0 rg BT 430.54 483.70 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 459.96 483.70 Td (basis. ) Tj ET Q q 0 0 0 rg BT 482.02 483.70 Td (No ) Tj ET Q q 0 0 0 rg BT 493.67 483.70 Td (consideration ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 472.30 Td (is ) Tj ET Q q 0 0 0 rg BT 79.18 472.30 Td (given ) Tj ET Q q 0 0 0 rg BT 99.36 472.30 Td (to ) Tj ET Q q 0 0 0 rg BT 107.41 472.30 Td (diversification ) Tj ET Q q 0 0 0 rg BT 156.16 472.30 Td (benefits ) Tj ET Q q 0 0 0 rg BT 185.00 472.30 Td (related ) Tj ET Q q 0 0 0 rg BT 210.38 472.30 Td (to ) Tj ET Q q 0 0 0 rg BT 218.43 472.30 Td (single ) Tj ET Q q 0 0 0 rg BT 240.34 472.30 Td (property ) Tj ET Q q 0 0 0 rg BT 270.47 472.30 Td (tenant ) Tj ET Q q 0 0 0 rg BT 293.69 472.30 Td (risk ) Tj ET Q q 0 0 0 rg BT 307.35 472.30 Td (and ) Tj ET Q q 0 0 0 rg BT 321.90 472.30 Td (geography) Tj ET Q q 0 0 0 rg BT 358.15 472.30 Td (, ) Tj ET Q q 0 0 0 rg BT 361.87 472.30 Td (the ) Tj ET Q q 0 0 0 rg BT 374.26 472.30 Td (value ) Tj ET Q q 0 0 0 rg BT 394.43 472.30 Td (of ) Tj ET Q q 0 0 0 rg BT 402.48 472.30 Td (assembling ) Tj ET Q q 0 0 0 rg BT 443.44 472.30 Td (a ) Tj ET Q q 0 0 0 rg BT 449.33 472.30 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 478.60 472.30 Td (or ) Tj ET Q q 0 0 0 rg BT 487.08 472.30 Td (to ) Tj ET Q q 0 0 0 rg BT 495.13 472.30 Td (the ) Tj ET Q q 0 0 0 rg BT 507.51 472.30 Td (utilization ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 460.90 Td (of ) Tj ET Q q 0 0 0 rg BT 80.87 460.90 Td (a ) Tj ET Q q 0 0 0 rg BT 87.58 460.90 Td (common ) Tj ET Q q 0 0 0 rg BT 119.82 460.90 Td (management ) Tj ET Q q 0 0 0 rg BT 167.67 460.90 Td (platform, ) Tj ET Q q 0 0 0 rg BT 200.35 460.90 Td (amongst ) Tj ET Q q 0 0 0 rg BT 232.61 460.90 Td (other ) Tj ET Q q 0 0 0 rg BT 252.74 460.90 Td (benefits. ) Tj ET Q q 0 0 0 rg BT 284.10 460.90 Td (As ) Tj ET Q q 0 0 0 rg BT 295.56 460.90 Td (a ) Tj ET Q q 0 0 0 rg BT 302.27 460.90 Td (result, ) Tj ET Q q 0 0 0 rg BT 325.86 460.90 Td (the ) Tj ET Q q 0 0 0 rg BT 339.06 460.90 Td (fair ) Tj ET Q q 0 0 0 rg BT 352.26 460.90 Td (value ) Tj ET Q q 0 0 0 rg BT 373.26 460.90 Td (of ) Tj ET Q q 0 0 0 rg BT 382.13 460.90 Td (the ) Tj ET Q q 0 0 0 rg BT 395.33 460.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 414.67 460.90 Td (s ) Tj ET Q q 0 0 0 rg BT 420.94 460.90 Td (properties ) Tj ET Q q 0 0 0 rg BT 457.95 460.90 Td (taken ) Tj ET Q q 0 0 0 rg BT 479.39 460.90 Td (in ) Tj ET Q q 0 0 0 rg BT 487.82 460.90 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 525.28 460.90 Td (may ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 449.50 Td (dif) Tj ET Q q 0 0 0 rg BT 80.09 449.50 Td (fer ) Tj ET Q q 0 0 0 rg BT 90.86 449.50 Td (from ) Tj ET Q q 0 0 0 rg BT 108.12 449.50 Td (the ) Tj ET Q q 0 0 0 rg BT 120.63 449.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 133.12 449.50 Td (value ) Tj ET Q q 0 0 0 rg BT 153.42 449.50 Td (of ) Tj ET Q q 0 0 0 rg BT 161.60 449.50 Td (properties ) Tj ET Q q 0 0 0 rg BT 197.91 449.50 Td (measured ) Tj ET Q q 0 0 0 rg BT 234.23 449.50 Td (individually ) Tj ET Q q 0 0 0 rg BT 274.01 449.50 Td (in ) Tj ET Q q 0 0 0 rg BT 281.75 449.50 Td (the ) Tj ET Q q 0 0 0 rg BT 294.26 449.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 313.60 449.50 Td (s ) Tj ET Q q 0 0 0 rg BT 319.17 449.50 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 364.59 449.50 Td (statements ) Tj ET Q q 0 0 0 rg BT 404.38 449.50 Td (of ) Tj ET Q q 0 0 0 rg BT 412.55 449.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 442.81 449.50 Td (position. ) Tj ET Q q 0 0 0 rg BT 473.51 449.50 Td (Under ) Tj ET Q q 0 0 0 rg BT 496.39 449.50 Td (the ) Tj ET Q q 0 0 0 rg BT 508.90 449.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 521.40 449.50 Td (value ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 438.10 Td (hierarchy) Tj ET Q q 0 0 0 rg BT 103.47 438.10 Td (, ) Tj ET Q q 0 0 0 rg BT 107.80 438.10 Td (the ) Tj ET Q q 0 0 0 rg BT 120.80 438.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 133.79 438.10 Td (value ) Tj ET Q q 0 0 0 rg BT 154.58 438.10 Td (of ) Tj ET Q q 0 0 0 rg BT 163.25 438.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.24 438.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 195.58 438.10 Td (s ) Tj ET Q q 0 0 0 rg BT 201.65 438.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 238.46 438.10 Td (is ) Tj ET Q q 0 0 0 rg BT 246.25 438.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 287.39 438.10 Td (using ) Tj ET Q q 0 0 0 rg BT 308.18 438.10 Td (the ) Tj ET Q q 0 0 0 rg BT 321.18 438.10 Td (methodology ) Tj ET Q q 0 0 0 rg BT 367.96 438.10 Td (described ) Tj ET Q q 0 0 0 rg BT 403.90 438.10 Td (above ) Tj ET Q q 0 0 0 rg BT 427.30 438.10 Td (and ) Tj ET Q q 0 0 0 rg BT 442.46 438.10 Td (using ) Tj ET Q q 0 0 0 rg BT 463.25 438.10 Td (level ) Tj ET Q q 0 0 0 rg BT 481.44 438.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 487.94 438.10 Td (inputs.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 420.70 Td (The ) Tj ET Q q 0 0 0 rg BT 87.69 420.70 Td (following ) Tj ET Q q 0 0 0 rg BT 120.27 420.70 Td (table ) Tj ET Q q 0 0 0 rg BT 139.43 420.70 Td (presents ) Tj ET Q q 0 0 0 rg BT 171.58 420.70 Td (a ) Tj ET Q q 0 0 0 rg BT 178.17 420.70 Td (summary ) Tj ET Q q 0 0 0 rg BT 212.47 420.70 Td (of ) Tj ET Q q 0 0 0 rg BT 221.24 420.70 Td (the ) Tj ET Q q 0 0 0 rg BT 234.33 420.70 Td (discount, ) Tj ET Q q 0 0 0 rg BT 267.79 420.70 Td (terminal ) Tj ET Q q 0 0 0 rg BT 297.76 420.70 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 345.07 420.70 Td (and ) Tj ET Q q 0 0 0 rg BT 360.33 420.70 Td (stabilized ) Tj ET Q q 0 0 0 rg BT 395.08 420.70 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 442.39 420.70 Td (rates ) Tj ET Q q 0 0 0 rg BT 461.98 420.70 Td (for ) Tj ET Q q 0 0 0 rg BT 473.34 420.70 Td (the ) Tj ET Q q 0 0 0 rg BT 486.43 420.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 499.52 420.70 Td (value ) Tj ET Q q 0 0 0 rg BT 520.41 420.70 Td (of ) Tj ET Q q 0 0 0 rg BT 529.18 420.70 Td (the ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 409.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 91.34 409.30 Td (s ) Tj ET Q q 0 0 0 rg BT 97.40 409.30 Td (properties:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 392.8 m 142.5 392.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 376.8 m 142.5 376.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 142.5 392.8 m 208.5 392.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 142.5 376.8 m 208.5 376.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 392.8 m 274.5 392.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 208.5 376.8 m 274.5 376.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 392.8 m 340.5 392.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 274.5 376.8 m 340.5 376.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 392.8 m 406.5 392.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 340.5 376.8 m 406.5 376.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 392.8 m 472.5 392.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 406.5 376.8 m 472.5 376.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 392.8 m 538.5 392.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 472.5 376.8 m 538.5 376.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 343.8 m 142.5 343.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 142.5 343.8 m 208.5 343.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 208.5 343.8 m 274.5 343.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 274.5 343.8 m 340.5 343.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 340.5 343.8 m 406.5 343.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 406.5 343.8 m 472.5 343.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 472.5 343.8 m 538.5 343.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 142.5 343.8 m 208.5 343.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 208.5 343.8 m 274.5 343.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 274.5 343.8 m 340.5 343.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 340.5 343.8 m 406.5 343.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 406.5 343.8 m 472.5 343.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 472.5 343.8 m 538.5 343.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 302.8 m 142.5 302.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 142.5 302.8 m 208.5 302.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 208.5 302.8 m 274.5 302.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274.5 302.8 m 340.5 302.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 302.8 m 406.5 302.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 302.8 m 472.5 302.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 302.8 m 538.5 302.8 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 215.65 381.33 Td (June 30, 2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 404.75 381.33 Td (December 31, 2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 171.65 357.83 Td (Discount) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 190.70 348.33 Td (rate) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 239.05 367.33 Td (Terminal) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 221.60 357.83 Td (capitalization) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 256.70 348.33 Td (rate) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 286.35 357.83 Td (Capitalization) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 314.35 348.33 Td (rate ) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 330.80 350.76 Td (\(1\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 372.65 357.83 Td (Discount) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 389.55 348.33 Td (rate) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 439.55 367.33 Td (Terminal) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 423.95 357.83 Td (capitalization) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 455.55 348.33 Td (rate) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 488.20 357.83 Td (Capitalization) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 513.20 348.33 Td (rate ) Tj ET Q BT /F2 9.50 Tf ET BT /F2 6.17 Tf ET q 0 0 0 rg BT 528.79 350.76 Td (\(1\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 334.38 Td (Minimum) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 185.85 334.38 Td (6.25) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 201.05 334.38 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 251.85 334.38 Td (5.75) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 267.05 334.38 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 317.85 334.38 Td (4.21) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 333.05 334.38 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 383.85 334.38 Td (6.75) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 399.05 334.38 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 449.85 334.38 Td (6.25) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 465.05 334.38 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 515.85 334.38 Td (4.16) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 531.05 334.38 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 321.38 Td (Maximum) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 181.55 321.43 Td (11.00) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 201.05 321.38 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 251.85 321.38 Td (9.00) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 267.05 321.38 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 313.55 321.38 Td (12.09) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 333.05 321.38 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 379.55 321.38 Td (11.00) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 399.05 321.38 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 449.85 321.38 Td (9.00) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 465.05 321.38 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 511.55 321.38 Td (11.92) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 531.05 321.38 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 307.33 Td (Weighted average) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 185.85 307.33 Td (7.41) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 201.05 307.33 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 251.85 307.33 Td (6.92) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 267.05 307.33 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 317.85 307.33 Td (6.16) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 333.05 307.33 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 383.85 307.33 Td (7.55) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 399.05 307.33 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 449.85 307.33 Td (7.05) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 465.05 307.33 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 515.85 307.33 Td (6.37) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 531.05 307.33 Td (%) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 72.00 294.30 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 81.29 294.30 Td ( ) Tj ET Q q 0 0 0 rg BT 83.06 294.30 Td (Represents ) Tj ET Q q 0 0 0 rg BT 116.29 294.30 Td (the ) Tj ET Q q 0 0 0 rg BT 126.61 294.30 Td (going-in ) Tj ET Q q 0 0 0 rg BT 150.27 294.30 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 187.60 294.30 Td (rate ) Tj ET Q q 0 0 0 rg BT 199.98 294.30 Td (on ) Tj ET Q q 0 0 0 rg BT 208.59 294.30 Td (the ) Tj ET Q q 0 0 0 rg BT 218.92 294.30 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 238.95 294.30 Td (properties ) Tj ET Q q 0 0 0 rg BT 268.08 294.30 Td (based ) Tj ET Q q 0 0 0 rg BT 286.61 294.30 Td (on ) Tj ET Q q 0 0 0 rg BT 295.22 294.30 Td (management's ) Tj ET Q q 0 0 0 rg BT 337.15 294.30 Td (estimate ) Tj ET Q q 0 0 0 rg BT 362.17 294.30 Td (of ) Tj ET Q q 0 0 0 rg BT 369.08 294.30 Td (twelve-month ) Tj ET Q q 0 0 0 rg BT 407.43 294.30 Td (forward ) Tj ET Q q 0 0 0 rg BT 429.71 294.30 Td (NOI. ) Tj ET Q q 0 0 0 rg BT 444.02 294.30 Td (The ) Tj ET Q q 0 0 0 rg BT 456.39 294.30 Td (figures ) Tj ET Q q 0 0 0 rg BT 476.62 294.30 Td (presented ) Tj ET Q q 0 0 0 rg BT 505.75 294.30 Td (are ) Tj ET Q q 0 0 0 rg BT 516.42 294.30 Td (inclusive ) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 72.00 285.30 Td (of ) Tj ET Q q 0 0 0 rg BT 78.58 285.30 Td (both ) Tj ET Q q 0 0 0 rg BT 92.00 285.30 Td (those ) Tj ET Q q 0 0 0 rg BT 108.49 285.30 Td (properties ) Tj ET Q q 0 0 0 rg BT 137.29 285.30 Td (where ) Tj ET Q q 0 0 0 rg BT 155.48 285.30 Td (the ) Tj ET Q q 0 0 0 rg BT 165.48 285.30 Td (direct ) Tj ET Q q 0 0 0 rg BT 181.96 285.30 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 218.97 285.30 Td (approach ) Tj ET Q q 0 0 0 rg BT 246.06 285.30 Td (has ) Tj ET Q q 0 0 0 rg BT 257.43 285.30 Td (been ) Tj ET Q q 0 0 0 rg BT 272.55 285.30 Td (used ) Tj ET Q q 0 0 0 rg BT 287.34 285.30 Td (as ) Tj ET Q q 0 0 0 rg BT 295.28 285.30 Td (well ) Tj ET Q q 0 0 0 rg BT 307.32 285.30 Td (as ) Tj ET Q q 0 0 0 rg BT 315.26 285.30 Td (those ) Tj ET Q q 0 0 0 rg BT 331.75 285.30 Td (properties ) Tj ET Q q 0 0 0 rg BT 360.55 285.30 Td (where ) Tj ET Q q 0 0 0 rg BT 378.74 285.30 Td (the ) Tj ET Q q 0 0 0 rg BT 388.74 285.30 Td (primary ) Tj ET Q q 0 0 0 rg BT 410.69 285.30 Td (valuation ) Tj ET Q q 0 0 0 rg BT 436.76 285.30 Td (methodology ) Tj ET Q q 0 0 0 rg BT 473.42 285.30 Td (was ) Tj ET Q q 0 0 0 rg BT 485.80 285.30 Td (the ) Tj ET Q q 0 0 0 rg BT 495.80 285.30 Td (discounted ) Tj ET Q q 0 0 0 rg BT 527.00 285.30 Td (cash ) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 72.00 276.30 Td (flow ) Tj ET Q q 0 0 0 rg BT 84.65 276.30 Td (approach. ) Tj ET Q q 0 0 0 rg BT 113.71 276.30 Td ( ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 258.90 Td (At ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 82.31 258.90 Td (June30, ) Tj ET Q q 0 0 0 rg BT 115.14 258.90 Td (2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 132.47 258.90 Td (, ) Tj ET Q q 0 0 0 rg BT 137.58 258.90 Td (a ) Tj ET Q q 0 0 0 rg BT 144.86 258.90 Td (25 ) Tj ET Q q 0 0 0 rg BT 156.47 258.90 Td (basis-point ) Tj ET Q q 0 0 0 rg BT 197.09 258.90 Td (increase ) Tj ET Q q 0 0 0 rg BT 229.48 258.90 Td (in ) Tj ET Q q 0 0 0 rg BT 238.48 258.90 Td (discount, ) Tj ET Q q 0 0 0 rg BT 272.62 258.90 Td (terminal ) Tj ET Q q 0 0 0 rg BT 303.27 258.90 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 351.25 258.90 Td (and ) Tj ET Q q 0 0 0 rg BT 367.20 258.90 Td (stabilized ) Tj ET Q q 0 0 0 rg BT 402.62 258.90 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 450.61 258.90 Td (rates ) Tj ET Q q 0 0 0 rg BT 470.87 258.90 Td (would ) Tj ET Q q 0 0 0 rg BT 494.17 258.90 Td (decrease ) Tj ET Q q 0 0 0 rg BT 529.16 258.90 Td (the ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 247.50 Td (estimated ) Tj ET Q q 0 0 0 rg BT 107.95 247.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 120.94 247.50 Td (value ) Tj ET Q q 0 0 0 rg BT 141.73 247.50 Td (of ) Tj ET Q q 0 0 0 rg BT 150.39 247.50 Td (the ) Tj ET Q q 0 0 0 rg BT 163.39 247.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 182.73 247.50 Td (s ) Tj ET Q q 0 0 0 rg BT 188.79 247.50 Td (properties ) Tj ET Q q 0 0 0 rg BT 225.60 247.50 Td (by ) Tj ET Q q 0 0 0 rg BT 236.00 247.50 Td (approximately ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 286.66 247.50 Td ($43.7 ) Tj ET Q q 0 0 0 rg BT 308.32 247.50 Td (million) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 330.40 247.50 Td ( ) Tj ET Q q 0 0 0 rg BT 332.57 247.50 Td (\() Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 335.16 247.50 Td (December31, ) Tj ET Q q 0 0 0 rg BT 386.26 247.50 Td (2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 403.59 247.50 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 405.75 247.50 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 410.50 247.50 Td ( ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 412.67 247.50 Td ($37.2 ) Tj ET Q q 0 0 0 rg BT 434.33 247.50 Td (million) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 456.41 247.50 Td (\). ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 230.10 Td (The ) Tj ET Q q 0 0 0 rg BT 87.10 230.10 Td (following ) Tj ET Q q 0 0 0 rg BT 119.09 230.10 Td (table ) Tj ET Q q 0 0 0 rg BT 137.66 230.10 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 181.33 230.10 Td (the ) Tj ET Q q 0 0 0 rg BT 193.84 230.10 Td (number ) Tj ET Q q 0 0 0 rg BT 221.93 230.10 Td (of ) Tj ET Q q 0 0 0 rg BT 230.11 230.10 Td (external ) Tj ET Q q 0 0 0 rg BT 259.50 230.10 Td (appraisals ) Tj ET Q q 0 0 0 rg BT 296.69 230.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 328.26 230.10 Td (during ) Tj ET Q q 0 0 0 rg BT 351.59 230.10 Td (the ) Tj ET Q q 0 0 0 rg BT 364.10 230.10 Td (three ) Tj ET Q q 0 0 0 rg BT 383.53 230.10 Td (month ) Tj ET Q q 0 0 0 rg BT 406.87 230.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 434.09 230.10 Td (from ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 451.35 230.10 Td (June30, ) Tj ET Q q 0 0 0 rg BT 482.92 230.10 Td (2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 500.25 230.10 Td ( ) Tj ET Q q 0 0 0 rg BT 501.93 230.10 Td (to ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 510.11 230.10 Td (June30, ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 218.70 Td (2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 89.33 218.70 Td ( ) Tj ET Q q 0 0 0 rg BT 91.50 218.70 Td (and ) Tj ET Q q 0 0 0 rg BT 106.66 218.70 Td (the ) Tj ET Q q 0 0 0 rg BT 119.66 218.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 132.65 218.70 Td (values ) Tj ET Q q 0 0 0 rg BT 157.34 218.70 Td (that ) Tj ET Q q 0 0 0 rg BT 172.50 218.70 Td (were ) Tj ET Q q 0 0 0 rg BT 191.55 218.70 Td (represented ) Tj ET Q q 0 0 0 rg BT 235.29 218.70 Td (by ) Tj ET Q q 0 0 0 rg BT 245.69 218.70 Td (those ) Tj ET Q q 0 0 0 rg BT 266.91 218.70 Td (appraisals:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 202.20000000000005 m 389.5 202.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 71.5 178.20000000000005 m 389.5 178.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 202.20000000000005 m 464.5 202.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 389.5 178.20000000000005 m 464.5 178.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 202.20000000000005 m 539.5 202.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 178.20000000000005 m 539.5 178.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 107.20000000000005 m 389.5 107.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 107.20000000000005 m 464.5 107.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 107.20000000000005 m 539.5 107.20000000000005 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 422.05 192.23 Td (Number of) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 422.90 182.73 Td (properties) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 499.15 182.73 Td (Fair Value) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 74.00 167.73 Td (June 30, 2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 452.90 168.78 Td (11) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 467.00 168.78 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 508.20 168.78 Td (354,698) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 74.00 152.73 Td (September 30, 2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 453.60 153.78 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 528.60 153.78 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 74.00 138.78 Td (December 31, 2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 453.60 138.78 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 528.60 138.78 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 74.00 125.78 Td (March 31, 2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 457.05 125.78 Td (1) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 512.55 125.78 Td (55,450) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 74.00 112.78 Td (June 30, 2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 452.70 111.73 Td (11) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 508.20 111.73 Td (462,459) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 21 0 obj <> endobj 22 0 obj <> stream BT /F3 14.00 Tf ET q 0 0 0 rg BT 49.50 769.35 Td ( ) Tj ET Q q 0 0 0 rg BT 67.50 769.35 Td ( SLA) Tj ET Q q 0 0 0 rg BT 92.81 769.35 Td (TE OFFICE REIT) Tj ET Q BT /F3 14.00 Tf ET q 0 0 0 rg BT 72.00 752.55 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 121.55 752.55 Td (O THE CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 304.38 752.55 Td (TED INTERIM FINANCIAL) Tj ET Q q 0 0 0 rg BT 442.55 752.55 Td ( ST) Tj ET Q q 0 0 0 rg BT 459.57 752.55 Td (A) Tj ET Q q 0 0 0 rg BT 467.01 752.55 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 740.55 Td (\(all tabular amounts are expressed in thousands of Canadian dollars, unless otherwise noted\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 728.55 Td (\(unaudited\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 303.30 42.95 Td (Page 9) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 72.00 695.10 Td (5. ) Tj ET Q q 0 0 0 rg BT 80.67 695.10 Td ( ) Tj ET Q q 0 0 0 rg BT 82.83 695.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.00 695.10 Td ( ) Tj ET Q q 0 0 0 rg BT 87.17 695.10 Td ( ) Tj ET Q q 0 0 0 rg BT 89.33 695.10 Td ( ) Tj ET Q q 0 0 0 rg BT 91.50 695.10 Td ( ) Tj ET Q q 0 0 0 rg BT 93.38 695.10 Td (Acquisitions) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 677.70 Td (On ) Tj ET Q q 0 0 0 rg BT 84.44 677.70 Td (April ) Tj ET Q q 0 0 0 rg BT 102.57 677.70 Td (25, ) Tj ET Q q 0 0 0 rg BT 115.96 677.70 Td (2017, ) Tj ET Q q 0 0 0 rg BT 138.00 677.70 Td (the ) Tj ET Q q 0 0 0 rg BT 151.38 677.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 168.99 677.70 Td ( ) Tj ET Q q 0 0 0 rg BT 171.54 677.70 Td (acquired ) Tj ET Q q 0 0 0 rg BT 203.97 677.70 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 253.71 677.70 Td (interests ) Tj ET Q q 0 0 0 rg BT 285.71 677.70 Td (in ) Tj ET Q q 0 0 0 rg BT 294.32 677.70 Td (three ) Tj ET Q q 0 0 0 rg BT 314.63 677.70 Td (of) Tj ET Q q 0 0 0 rg BT 320.99 677.70 Td (fice ) Tj ET Q q 0 0 0 rg BT 335.67 677.70 Td (properties, ) Tj ET Q q 0 0 0 rg BT 375.02 677.70 Td (W) Tj ET Q q 0 0 0 rg BT 382.24 677.70 Td (est ) Tj ET Q q 0 0 0 rg BT 395.19 677.70 Td (Metro ) Tj ET Q q 0 0 0 rg BT 417.65 677.70 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 454.84 677.70 Td (Centre ) Tj ET Q q 0 0 0 rg BT 480.77 677.70 Td (in ) Tj ET Q q 0 0 0 rg BT 489.38 677.70 Td (Etobicoke, ) Tj ET Q q 0 0 0 rg BT 528.31 677.70 Td (ON ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 666.30 Td (\("W) Tj ET Q q 0 0 0 rg BT 84.58 666.30 Td (est ) Tj ET Q q 0 0 0 rg BT 97.84 666.30 Td (Metro ) Tj ET Q q 0 0 0 rg BT 120.62 666.30 Td (Centre"\) ) Tj ET Q q 0 0 0 rg BT 152.23 666.30 Td (and ) Tj ET Q q 0 0 0 rg BT 168.09 666.30 Td (250 ) Tj ET Q q 0 0 0 rg BT 183.96 666.30 Td (King ) Tj ET Q q 0 0 0 rg BT 202.42 666.30 Td (and ) Tj ET Q q 0 0 0 rg BT 218.28 666.30 Td (460 ) Tj ET Q q 0 0 0 rg BT 233.97 666.30 Td (T) Tj ET Q q 0 0 0 rg BT 238.30 666.30 Td (wo ) Tj ET Q q 0 0 0 rg BT 251.12 666.30 Td (Nations ) Tj ET Q q 0 0 0 rg BT 280.40 666.30 Td (in ) Tj ET Q q 0 0 0 rg BT 289.33 666.30 Td (Fredericton, ) Tj ET Q q 0 0 0 rg BT 333.77 666.30 Td (NB ) Tj ET Q q 0 0 0 rg BT 347.45 666.30 Td (for ) Tj ET Q q 0 0 0 rg BT 359.41 666.30 Td (an ) Tj ET Q q 0 0 0 rg BT 370.95 666.30 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 408.90 666.30 Td (purchase ) Tj ET Q q 0 0 0 rg BT 443.82 666.30 Td (price ) Tj ET Q q 0 0 0 rg BT 463.57 666.30 Td (of ) Tj ET Q q 0 0 0 rg BT 472.94 666.30 Td ($154.8 ) Tj ET Q q 0 0 0 rg BT 499.64 666.30 Td (million. ) Tj ET Q q 0 0 0 rg BT 526.57 666.30 Td (The ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 654.90 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 110.13 654.90 Td (of ) Tj ET Q q 0 0 0 rg BT 117.95 654.90 Td (W) Tj ET Q q 0 0 0 rg BT 125.17 654.90 Td (est ) Tj ET Q q 0 0 0 rg BT 136.89 654.90 Td (Metro ) Tj ET Q q 0 0 0 rg BT 158.12 654.90 Td (Centre ) Tj ET Q q 0 0 0 rg BT 182.82 654.90 Td (included ) Tj ET Q q 0 0 0 rg BT 213.16 654.90 Td (the ) Tj ET Q q 0 0 0 rg BT 225.31 654.90 Td (assumption ) Tj ET Q q 0 0 0 rg BT 266.48 654.90 Td (of ) Tj ET Q q 0 0 0 rg BT 274.30 654.90 Td (a ) Tj ET Q q 0 0 0 rg BT 279.95 654.90 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 314.18 654.90 Td (with ) Tj ET Q q 0 0 0 rg BT 329.35 654.90 Td (a ) Tj ET Q q 0 0 0 rg BT 335.01 654.90 Td (principal ) Tj ET Q q 0 0 0 rg BT 365.34 654.90 Td (amount ) Tj ET Q q 0 0 0 rg BT 392.64 654.90 Td (of ) Tj ET Q q 0 0 0 rg BT 400.46 654.90 Td ($75.5 ) Tj ET Q q 0 0 0 rg BT 421.28 654.90 Td (million ) Tj ET Q q 0 0 0 rg BT 444.68 654.90 Td (bearing ) Tj ET Q q 0 0 0 rg BT 471.98 654.90 Td (interest ) Tj ET Q q 0 0 0 rg BT 498.85 654.90 Td (at ) Tj ET Q q 0 0 0 rg BT 506.67 654.90 Td (Canadian ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 643.50 Td (Dealer ) Tj ET Q q 0 0 0 rg BT 97.11 643.50 Td (Of) Tj ET Q q 0 0 0 rg BT 105.20 643.50 Td (fered ) Tj ET Q q 0 0 0 rg BT 125.13 643.50 Td (Rate ) Tj ET Q q 0 0 0 rg BT 143.75 643.50 Td (\("CDOR"\) ) Tj ET Q q 0 0 0 rg BT 179.56 643.50 Td (plus ) Tj ET Q q 0 0 0 rg BT 196.02 643.50 Td (185 ) Tj ET Q q 0 0 0 rg BT 211.18 643.50 Td (basis ) Tj ET Q q 0 0 0 rg BT 231.54 643.50 Td (points ) Tj ET Q q 0 0 0 rg BT 254.50 643.50 Td (and ) Tj ET Q q 0 0 0 rg BT 269.66 643.50 Td (maturing ) Tj ET Q q 0 0 0 rg BT 302.14 643.50 Td (in ) Tj ET Q q 0 0 0 rg BT 310.37 643.50 Td (May ) Tj ET Q q 0 0 0 rg BT 327.25 643.50 Td (2018. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 626.10 Td (On ) Tj ET Q q 0 0 0 rg BT 84.60 626.10 Td (May ) Tj ET Q q 0 0 0 rg BT 101.53 626.10 Td (25, ) Tj ET Q q 0 0 0 rg BT 114.56 626.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 136.26 626.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.30 626.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 166.91 626.10 Td ( ) Tj ET Q q 0 0 0 rg BT 169.12 626.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 201.20 626.10 Td (a ) Tj ET Q q 0 0 0 rg BT 207.74 626.10 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 257.14 626.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 284.89 626.10 Td (in ) Tj ET Q q 0 0 0 rg BT 293.16 626.10 Td (a ) Tj ET Q q 0 0 0 rg BT 299.70 626.10 Td (suburban ) Tj ET Q q 0 0 0 rg BT 334.39 626.10 Td (of) Tj ET Q q 0 0 0 rg BT 340.76 626.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 355.09 626.10 Td (complex ) Tj ET Q q 0 0 0 rg BT 386.30 626.10 Td (in ) Tj ET Q q 0 0 0 rg BT 394.57 626.10 Td (Etobicoke, ) Tj ET Q q 0 0 0 rg BT 433.16 626.10 Td (ON ) Tj ET Q q 0 0 0 rg BT 447.05 626.10 Td (\("Commerce ) Tj ET Q q 0 0 0 rg BT 492.70 626.10 Td (W) Tj ET Q q 0 0 0 rg BT 499.92 626.10 Td (est"\), ) Tj ET Q q 0 0 0 rg BT 520.05 626.10 Td (for ) Tj ET Q q 0 0 0 rg BT 531.34 626.10 Td (an ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 614.70 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 109.76 614.70 Td (purchase ) Tj ET Q q 0 0 0 rg BT 144.49 614.70 Td (price ) Tj ET Q q 0 0 0 rg BT 164.05 614.70 Td (of ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 173.22 614.70 Td ($89.7 ) Tj ET Q q 0 0 0 rg BT 195.39 614.70 Td (million) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 217.47 614.70 Td (. ) Tj ET Q q 0 0 0 rg BT 222.15 614.70 Td (The ) Tj ET Q q 0 0 0 rg BT 238.25 614.70 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 277.73 614.70 Td (of ) Tj ET Q q 0 0 0 rg BT 286.91 614.70 Td (Commerce ) Tj ET Q q 0 0 0 rg BT 327.67 614.70 Td (W) Tj ET Q q 0 0 0 rg BT 334.89 614.70 Td (est ) Tj ET Q q 0 0 0 rg BT 347.96 614.70 Td (included ) Tj ET Q q 0 0 0 rg BT 379.66 614.70 Td (the ) Tj ET Q q 0 0 0 rg BT 393.16 614.70 Td (assumption ) Tj ET Q q 0 0 0 rg BT 435.68 614.70 Td (of ) Tj ET Q q 0 0 0 rg BT 444.85 614.70 Td (a ) Tj ET Q q 0 0 0 rg BT 451.86 614.70 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 487.45 614.70 Td (with ) Tj ET Q q 0 0 0 rg BT 503.98 614.70 Td (a ) Tj ET Q q 0 0 0 rg BT 510.98 614.70 Td (principal ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 603.30 Td (amount ) Tj ET Q q 0 0 0 rg BT 100.15 603.30 Td (of ) Tj ET Q q 0 0 0 rg BT 108.82 603.30 Td ($68.3 ) Tj ET Q q 0 0 0 rg BT 130.48 603.30 Td (million ) Tj ET Q q 0 0 0 rg BT 154.72 603.30 Td (bearing ) Tj ET Q q 0 0 0 rg BT 182.88 603.30 Td (interest ) Tj ET Q q 0 0 0 rg BT 210.59 603.30 Td (at ) Tj ET Q q 0 0 0 rg BT 219.26 603.30 Td (a ) Tj ET Q q 0 0 0 rg BT 225.76 603.30 Td (fixed ) Tj ET Q q 0 0 0 rg BT 244.38 603.30 Td (rate ) Tj ET Q q 0 0 0 rg BT 259.98 603.30 Td (of ) Tj ET Q q 0 0 0 rg BT 268.64 603.30 Td (3.0% ) Tj ET Q q 0 0 0 rg BT 288.56 603.30 Td (and ) Tj ET Q q 0 0 0 rg BT 303.73 603.30 Td (maturing ) Tj ET Q q 0 0 0 rg BT 336.21 603.30 Td (in ) Tj ET Q q 0 0 0 rg BT 344.44 603.30 Td (October ) Tj ET Q q 0 0 0 rg BT 374.32 603.30 Td (2020. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 585.90 Td (The net assets acquired in respect of these acquisitions are as follows: ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 575.4 m 165.5 575.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 551.4 m 165.5 551.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 165.5 575.4 m 240.5 575.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 165.5 551.4 m 240.5 551.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 575.4 m 315.5 575.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 551.4 m 315.5 551.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 575.4 m 390.5 575.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315.5 551.4 m 390.5 551.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 575.4 m 465.5 575.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 551.4 m 465.5 551.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 575.4 m 540.5 575.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 551.4 m 540.5 551.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 165.5 551.4 m 240.5 551.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 551.4 m 315.5 551.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315.5 551.4 m 390.5 551.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 551.4 m 465.5 551.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 551.4 m 540.5 551.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 481.4 m 165.5 481.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 165.5 481.4 m 240.5 481.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 481.4 m 315.5 481.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315.5 481.4 m 390.5 481.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 481.4 m 465.5 481.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 481.4 m 540.5 481.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 439.4 m 165.5 439.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 165.5 439.4 m 240.5 439.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 439.4 m 315.5 439.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315.5 439.4 m 390.5 439.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 439.4 m 465.5 439.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 439.4 m 540.5 439.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 425.4 m 165.5 425.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 165.5 425.4 m 240.5 425.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 425.4 m 315.5 425.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 425.4 m 390.5 425.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 425.4 m 465.5 425.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 425.4 m 540.5 425.4 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 168.30 555.93 Td (West Metro Centre) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 279.50 565.43 Td (250 King ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 289.90 555.93 Td (Street) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 326.05 555.93 Td (460 Two Nations) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 401.05 555.93 Td (Commerce West) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 518.95 555.93 Td (Total) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 541.93 Td (REITs interest) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 220.05 541.93 Td (100) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 233.05 541.93 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 295.05 541.93 Td (100) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 308.05 541.93 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 370.05 541.93 Td (100) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 383.05 541.93 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 445.05 541.93 Td (100) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 458.05 541.93 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 527.93 Td (Number of properties) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 228.70 527.93 Td (1) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 303.70 527.93 Td (1) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 378.70 527.93 Td (1) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 453.70 527.93 Td (1) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 513.93 Td (Acquisition date) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 188.90 513.93 Td (April 25, 2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 263.90 513.93 Td (April 25, 2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 338.90 513.93 Td (April 25, 2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 414.75 513.93 Td (May 25, 2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 499.93 Td (Purchase price ) Tj ET Q BT /F2 9.50 Tf ET BT /F2 6.17 Tf ET q 0 0 0 rg BT 129.13 502.36 Td (\(1\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 168.00 499.93 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 204.85 499.93 Td (135,613) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 243.00 499.93 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 288.55 499.93 Td (9,750) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 318.00 499.93 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 363.55 499.93 Td (9,465) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 393.00 499.93 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 434.20 499.93 Td (89,660) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 468.00 499.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 509.20 499.93 Td (244,488) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 485.93 Td (Transaction costs) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 213.55 485.93 Td (7,428) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 295.05 485.93 Td (198) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 370.05 485.93 Td (190) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 438.55 485.93 Td (4,492) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 513.55 485.93 Td (12,308) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 471.93 Td (Properties) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 204.85 471.93 Td (143,041) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 288.55 471.93 Td (9,948) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 363.55 471.93 Td (9,655) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 434.20 471.93 Td (94,152) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 509.20 471.93 Td (256,796) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 457.93 Td (Working capital) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 217.45 457.93 Td (\(729) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 233.05 457.93 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 292.45 457.93 Td (\(154) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 308.05 457.93 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 371.75 457.93 Td (\(15) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 383.05 457.93 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 442.45 457.93 Td (\(309) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 458.05 457.93 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 515.30 457.93 Td (\(1,207) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 537.40 457.93 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 443.93 Td (Debt assumed ) Tj ET Q BT /F2 9.50 Tf ET BT /F2 6.17 Tf ET q 0 0 0 rg BT 127.40 446.36 Td (\(2\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 206.60 443.93 Td (\(75,256) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 233.05 443.93 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 300.25 443.93 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 375.25 443.93 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 431.60 443.93 Td (\(68,384) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 458.05 443.93 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 506.60 443.93 Td (\(143,640) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 537.40 443.93 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 429.93 Td (Total investment) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 168.00 429.93 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 209.20 429.93 Td (67,056) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 243.00 429.93 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 288.55 429.93 Td (9,794) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 318.00 429.93 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 363.55 429.93 Td (9,640) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 393.00 429.93 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 434.20 429.93 Td (25,459) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 468.00 429.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 509.20 429.93 Td (111,949) Tj ET Q BT /F1 10.00 Tf ET BT /F2 7.50 Tf ET q 0 0 0 rg BT 72.00 416.90 Td (\(1\) Net of adjustments from the vendor related to tenant improvements and other) Tj ET Q q 0 0 0 rg BT 291.17 416.90 Td (.) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 72.00 407.90 Td (\(2\) Includes the impact of the mark-to-market adjustment and financing costs. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 390.50 Td (Consideration provided for the acquisitions during the ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 258.23 390.50 Td (six month period ended June 30, 2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 390.78 390.50 Td ( was comprised of the following: ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 380 m 165.5 380 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 356 m 165.5 356 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 165.5 380 m 240.5 380 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 165.5 356 m 240.5 356 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 380 m 315.5 380 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 356 m 315.5 356 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 380 m 390.5 380 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315.5 356 m 390.5 356 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 380 m 465.5 380 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 356 m 465.5 356 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 380 m 540.5 380 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 356 m 540.5 356 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 165.5 356 m 240.5 356 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 356 m 315.5 356 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315.5 356 m 390.5 356 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 356 m 465.5 356 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 328 m 165.5 328 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 165.5 328 m 240.5 328 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 328 m 315.5 328 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315.5 328 m 390.5 328 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 328 m 465.5 328 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 328 m 540.5 328 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 314 m 165.5 314 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 165.5 314 m 240.5 314 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 314 m 315.5 314 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 314 m 390.5 314 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 314 m 465.5 314 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 314 m 540.5 314 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 168.30 360.53 Td (West Metro Centre) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 255.25 360.53 Td (250 King Street) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 326.05 360.53 Td (460 Two Nations) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 401.05 360.53 Td (Commerce West) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 518.95 360.53 Td (Total) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 346.53 Td (Cash) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 168.00 346.53 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 213.55 346.53 Td (58,268) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 243.00 346.53 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 292.90 346.53 Td (9,188) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 318.00 346.53 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 367.90 346.53 Td (9,034) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 393.00 346.53 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 438.55 346.53 Td (25,459) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 468.00 346.53 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 509.20 346.53 Td (101,949) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 332.53 Td (Trust units \(note 15\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 217.85 332.53 Td (8,788) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 299.40 332.53 Td (606) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 374.40 332.53 Td (606) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 454.60 332.53 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 513.55 332.53 Td (10,000) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 318.53 Td (Total investment) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 168.00 318.53 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 213.55 318.53 Td (67,056) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 243.00 318.53 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 292.90 318.53 Td (9,794) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 318.00 318.53 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 367.90 318.53 Td (9,640) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 393.00 318.53 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 438.55 318.53 Td (25,459) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 468.00 318.53 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 509.20 318.53 Td (111,949) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 72.00 297.10 Td (6. ) Tj ET Q q 0 0 0 rg BT 80.67 297.10 Td ( ) Tj ET Q q 0 0 0 rg BT 82.83 297.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.00 297.10 Td ( ) Tj ET Q q 0 0 0 rg BT 87.17 297.10 Td ( ) Tj ET Q q 0 0 0 rg BT 89.33 297.10 Td ( ) Tj ET Q q 0 0 0 rg BT 91.50 297.10 Td ( ) Tj ET Q q 0 0 0 rg BT 93.66 297.10 Td (Dispositions) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 279.70 Td (During the ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 110.11 279.70 Td (six month period ended June 30, 2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 242.66 279.70 Td (, the REIT) Tj ET Q q 0 0 0 rg BT 277.60 279.70 Td ( made the following property disposition: ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 266.20000000000005 m 464.5 266.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 71.5 252.20000000000005 m 464.5 252.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 266.20000000000005 m 539.5 266.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 252.20000000000005 m 539.5 252.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 252.20000000000005 m 539.5 252.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 182.20000000000005 m 539.5 182.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 71.5 182.20000000000005 m 464.5 182.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 168.20000000000005 m 464.5 168.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 182.20000000000005 m 539.5 182.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 168.20000000000005 m 539.5 168.20000000000005 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 475.80 256.73 Td (7001-96th Street) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 74.00 242.73 Td (Disposition date) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 488.75 242.73 Td (May 12, 2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 74.00 228.73 Td (Location) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 475.35 228.73 Td (Grand Prairie, AB) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 74.00 214.73 Td (Sale price) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 467.00 214.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 516.90 214.73 Td (4,400) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 74.00 200.73 Td (Working capital) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 525.10 200.73 Td (\(41) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 536.40 200.73 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 74.00 186.73 Td (Disposition costs) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 520.80 186.73 Td (\(133) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 536.40 186.73 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 74.00 172.73 Td (Net proceeds) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 467.00 172.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 516.90 172.73 Td (4,226) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 72.00 148.30 Td (7. ) Tj ET Q q 0 0 0 rg BT 80.67 148.30 Td ( ) Tj ET Q q 0 0 0 rg BT 82.83 148.30 Td ( ) Tj ET Q q 0 0 0 rg BT 85.00 148.30 Td ( ) Tj ET Q q 0 0 0 rg BT 87.17 148.30 Td ( ) Tj ET Q q 0 0 0 rg BT 89.33 148.30 Td ( ) Tj ET Q q 0 0 0 rg BT 91.50 148.30 Td ( ) Tj ET Q q 0 0 0 rg BT 93.66 148.30 Td (Finance ) Tj ET Q q 0 0 0 rg BT 125.27 148.30 Td (lease ) Tj ET Q q 0 0 0 rg BT 146.94 148.30 Td (receivable) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 130.90 Td (The ) Tj ET Q q 0 0 0 rg BT 87.81 130.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 105.42 130.90 Td ( ) Tj ET Q q 0 0 0 rg BT 107.80 130.90 Td (owns ) Tj ET Q q 0 0 0 rg BT 128.37 130.90 Td (a ) Tj ET Q q 0 0 0 rg BT 135.09 130.90 Td (fully ) Tj ET Q q 0 0 0 rg BT 151.33 130.90 Td (leased ) Tj ET Q q 0 0 0 rg BT 176.67 130.90 Td (data ) Tj ET Q q 0 0 0 rg BT 194.22 130.90 Td (centre ) Tj ET Q q 0 0 0 rg BT 218.25 130.90 Td (in ) Tj ET Q q 0 0 0 rg BT 226.70 130.90 Td (Winnipeg, ) Tj ET Q q 0 0 0 rg BT 263.73 130.90 Td (MB ) Tj ET Q q 0 0 0 rg BT 277.80 130.90 Td (\(the ) Tj ET Q q 0 0 0 rg BT 293.61 130.90 Td ("Data ) Tj ET Q q 0 0 0 rg BT 315.21 130.90 Td (Centre"\). ) Tj ET Q q 0 0 0 rg BT 348.35 130.90 Td (The ) Tj ET Q q 0 0 0 rg BT 364.16 130.90 Td (tenant ) Tj ET Q q 0 0 0 rg BT 388.21 130.90 Td (occupying ) Tj ET Q q 0 0 0 rg BT 425.67 130.90 Td (the ) Tj ET Q q 0 0 0 rg BT 438.89 130.90 Td (Data ) Tj ET Q q 0 0 0 rg BT 457.73 130.90 Td (Centre ) Tj ET Q q 0 0 0 rg BT 483.49 130.90 Td (has ) Tj ET Q q 0 0 0 rg BT 498.44 130.90 Td (a ) Tj ET Q q 0 0 0 rg BT 505.15 130.90 Td (lease ) Tj ET Q q 0 0 0 rg BT 526.16 130.90 Td (with ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 119.50 Td (an ) Tj ET Q q 0 0 0 rg BT 83.02 119.50 Td (initial ) Tj ET Q q 0 0 0 rg BT 103.13 119.50 Td (term ) Tj ET Q q 0 0 0 rg BT 121.07 119.50 Td (to ) Tj ET Q q 0 0 0 rg BT 129.93 119.50 Td (maturity ) Tj ET Q q 0 0 0 rg BT 160.00 119.50 Td (of ) Tj ET Q q 0 0 0 rg BT 168.85 119.50 Td (15 ) Tj ET Q q 0 0 0 rg BT 179.88 119.50 Td (years, ) Tj ET Q q 0 0 0 rg BT 203.45 119.50 Td (which ) Tj ET Q q 0 0 0 rg BT 225.72 119.50 Td (commenced ) Tj ET Q q 0 0 0 rg BT 270.52 119.50 Td (on ) Tj ET Q q 0 0 0 rg BT 281.54 119.50 Td (June ) Tj ET Q q 0 0 0 rg BT 300.79 119.50 Td (5, ) Tj ET Q q 0 0 0 rg BT 309.65 119.50 Td (2015, ) Tj ET Q q 0 0 0 rg BT 331.50 119.50 Td (with ) Tj ET Q q 0 0 0 rg BT 347.71 119.50 Td (the ) Tj ET Q q 0 0 0 rg BT 360.90 119.50 Td (option ) Tj ET Q q 0 0 0 rg BT 384.49 119.50 Td (to ) Tj ET Q q 0 0 0 rg BT 393.34 119.50 Td (extend ) Tj ET Q q 0 0 0 rg BT 419.10 119.50 Td (for ) Tj ET Q q 0 0 0 rg BT 430.55 119.50 Td (three ) Tj ET Q q 0 0 0 rg BT 450.66 119.50 Td (additional ) Tj ET Q q 0 0 0 rg BT 486.37 119.50 Td (five ) Tj ET Q q 0 0 0 rg BT 500.86 119.50 Td (year ) Tj ET Q q 0 0 0 rg BT 518.37 119.50 Td (terms. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 108.10 Td (The ) Tj ET Q q 0 0 0 rg BT 87.67 108.10 Td (tenant ) Tj ET Q q 0 0 0 rg BT 111.58 108.10 Td (has ) Tj ET Q q 0 0 0 rg BT 126.39 108.10 Td (a ) Tj ET Q q 0 0 0 rg BT 132.96 108.10 Td (one-time ) Tj ET Q q 0 0 0 rg BT 165.52 108.10 Td (option ) Tj ET Q q 0 0 0 rg BT 188.99 108.10 Td (to ) Tj ET Q q 0 0 0 rg BT 197.74 108.10 Td (acquire ) Tj ET Q q 0 0 0 rg BT 225.53 108.10 Td (the ) Tj ET Q q 0 0 0 rg BT 238.61 108.10 Td (property ) Tj ET Q q 0 0 0 rg BT 269.44 108.10 Td (after ) Tj ET Q q 0 0 0 rg BT 287.27 108.10 Td (the ) Tj ET Q q 0 0 0 rg BT 300.35 108.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 320.35 108.10 Td (term ) Tj ET Q q 0 0 0 rg BT 338.18 108.10 Td (of ) Tj ET Q q 0 0 0 rg BT 346.92 108.10 Td (the ) Tj ET Q q 0 0 0 rg BT 360.00 108.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 380.87 108.10 Td (for ) Tj ET Q q 0 0 0 rg BT 392.21 108.10 Td ($12.0 ) Tj ET Q q 0 0 0 rg BT 413.95 108.10 Td (million. ) Tj ET Q q 0 0 0 rg BT 439.99 108.10 Td (At ) Tj ET Q q 0 0 0 rg BT 449.60 108.10 Td (its ) Tj ET Q q 0 0 0 rg BT 459.64 108.10 Td (inception ) Tj ET Q q 0 0 0 rg BT 493.07 108.10 Td (the ) Tj ET Q q 0 0 0 rg BT 506.15 108.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 527.02 108.10 Td (met ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 96.70 Td (the ) Tj ET Q q 0 0 0 rg BT 84.79 96.70 Td (requirements ) Tj ET Q q 0 0 0 rg BT 132.22 96.70 Td (for ) Tj ET Q q 0 0 0 rg BT 143.27 96.70 Td (classification ) Tj ET Q q 0 0 0 rg BT 189.41 96.70 Td (as ) Tj ET Q q 0 0 0 rg BT 199.60 96.70 Td (a ) Tj ET Q q 0 0 0 rg BT 205.89 96.70 Td (finance ) Tj ET Q q 0 0 0 rg BT 232.97 96.70 Td (lease ) Tj ET Q q 0 0 0 rg BT 253.56 96.70 Td (as ) Tj ET Q q 0 0 0 rg BT 263.75 96.70 Td (the ) Tj ET Q q 0 0 0 rg BT 276.54 96.70 Td (minimum ) Tj ET Q q 0 0 0 rg BT 310.10 96.70 Td (lease ) Tj ET Q q 0 0 0 rg BT 330.69 96.70 Td (payments ) Tj ET Q q 0 0 0 rg BT 366.43 96.70 Td (amounted ) Tj ET Q q 0 0 0 rg BT 403.04 96.70 Td (to ) Tj ET Q q 0 0 0 rg BT 411.50 96.70 Td (substantially ) Tj ET Q q 0 0 0 rg BT 456.34 96.70 Td (all ) Tj ET Q q 0 0 0 rg BT 466.09 96.70 Td (of ) Tj ET Q q 0 0 0 rg BT 474.55 96.70 Td (the ) Tj ET Q q 0 0 0 rg BT 487.35 96.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 500.13 96.70 Td (value ) Tj ET Q q 0 0 0 rg BT 520.72 96.70 Td (of ) Tj ET Q q 0 0 0 rg BT 529.18 96.70 Td (the ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 85.30 Td (leased ) Tj ET Q q 0 0 0 rg BT 97.63 85.30 Td (asset ) Tj ET Q q 0 0 0 rg BT 118.93 85.30 Td (and ) Tj ET Q q 0 0 0 rg BT 134.60 85.30 Td (the ) Tj ET Q q 0 0 0 rg BT 148.11 85.30 Td (tenant ) Tj ET Q q 0 0 0 rg BT 172.45 85.30 Td (has ) Tj ET Q q 0 0 0 rg BT 187.68 85.30 Td (the ) Tj ET Q q 0 0 0 rg BT 201.19 85.30 Td (right ) Tj ET Q q 0 0 0 rg BT 219.02 85.30 Td (to ) Tj ET Q q 0 0 0 rg BT 228.19 85.30 Td (acquire ) Tj ET Q q 0 0 0 rg BT 256.41 85.30 Td (the ) Tj ET Q q 0 0 0 rg BT 269.92 85.30 Td (Data ) Tj ET Q q 0 0 0 rg BT 289.05 85.30 Td (Centre ) Tj ET Q q 0 0 0 rg BT 315.10 85.30 Td (for ) Tj ET Q q 0 0 0 rg BT 326.87 85.30 Td (a ) Tj ET Q q 0 0 0 rg BT 333.88 85.30 Td (price ) Tj ET Q q 0 0 0 rg BT 353.44 85.30 Td (expected ) Tj ET Q q 0 0 0 rg BT 387.73 85.30 Td (to ) Tj ET Q q 0 0 0 rg BT 396.90 85.30 Td (be ) Tj ET Q q 0 0 0 rg BT 408.24 85.30 Td (below ) Tj ET Q q 0 0 0 rg BT 431.27 85.30 Td (the ) Tj ET Q q 0 0 0 rg BT 444.77 85.30 Td (fair ) Tj ET Q q 0 0 0 rg BT 458.27 85.30 Td (value ) Tj ET Q q 0 0 0 rg BT 479.57 85.30 Td (of ) Tj ET Q q 0 0 0 rg BT 488.74 85.30 Td (the ) Tj ET Q q 0 0 0 rg BT 502.25 85.30 Td (property ) Tj ET Q q 0 0 0 rg BT 533.50 85.30 Td (at ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 73.90 Td (maturity) Tj ET Q q 0 0 0 rg BT 99.14 73.90 Td (.) Tj ET Q endstream endobj 23 0 obj <> endobj 24 0 obj <> stream BT /F3 14.00 Tf ET q 0 0 0 rg BT 49.50 769.35 Td ( ) Tj ET Q q 0 0 0 rg BT 67.50 769.35 Td ( SLA) Tj ET Q q 0 0 0 rg BT 92.81 769.35 Td (TE OFFICE REIT) Tj ET Q BT /F3 14.00 Tf ET q 0 0 0 rg BT 72.00 752.55 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 121.55 752.55 Td (O THE CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 304.38 752.55 Td (TED INTERIM FINANCIAL) Tj ET Q q 0 0 0 rg BT 442.55 752.55 Td ( ST) Tj ET Q q 0 0 0 rg BT 459.57 752.55 Td (A) Tj ET Q q 0 0 0 rg BT 467.01 752.55 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 740.55 Td (\(all tabular amounts are expressed in thousands of Canadian dollars, unless otherwise noted\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 728.55 Td (\(unaudited\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 301.25 42.95 Td (Page 10) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 695.10 Td (A) Tj ET Q q 0 0 0 rg BT 76.77 695.10 Td ( reconciliation of the change in the finance lease receivable is as follows:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 684.6 m 390.5 684.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 660.6 m 390.5 660.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 684.6 m 465.5 684.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 660.6 m 465.5 660.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 684.6 m 540.5 684.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 660.6 m 540.5 660.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 660.6 m 540.5 660.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 618.6 m 390.5 618.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 604.6 m 390.5 604.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 618.6 m 465.5 618.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 604.6 m 465.5 604.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 618.6 m 540.5 618.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 604.6 m 540.5 604.6 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 394.90 675.18 Td (Six months ended) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 411.30 665.68 Td (June 30, 2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 497.40 674.63 Td (Year ended) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 468.55 665.13 Td (December 31, 2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 651.13 Td (Balance, beginning of period) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.00 651.18 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 438.55 651.18 Td (63,156) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 468.00 651.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 513.55 651.13 Td (65,214) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 637.18 Td (Lease payments received) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 440.30 637.13 Td (\(3,050) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 462.40 637.13 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 515.30 637.13 Td (\(6,099) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 537.40 637.13 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 623.18 Td (Finance income on finance lease receivable) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 442.90 623.13 Td (1,971) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 517.90 623.13 Td (4,041) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 75.00 609.18 Td (Balance, end of period) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.00 609.13 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 438.55 609.13 Td (62,077) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 468.00 609.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 513.55 609.13 Td (63,156) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 587.70 Td (The ) Tj ET Q q 0 0 0 rg BT 87.13 587.70 Td (following ) Tj ET Q q 0 0 0 rg BT 119.14 587.70 Td (is ) Tj ET Q q 0 0 0 rg BT 126.47 587.70 Td (a ) Tj ET Q q 0 0 0 rg BT 132.50 587.70 Td (summary ) Tj ET Q q 0 0 0 rg BT 166.24 587.70 Td (of ) Tj ET Q q 0 0 0 rg BT 174.44 587.70 Td (the ) Tj ET Q q 0 0 0 rg BT 186.97 587.70 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 235.02 587.70 Td (future ) Tj ET Q q 0 0 0 rg BT 256.65 587.70 Td (minimum ) Tj ET Q q 0 0 0 rg BT 289.95 587.70 Td (lease ) Tj ET Q q 0 0 0 rg BT 310.27 587.70 Td (payments ) Tj ET Q q 0 0 0 rg BT 345.75 587.70 Td (receivable ) Tj ET Q q 0 0 0 rg BT 382.97 587.70 Td (and ) Tj ET Q q 0 0 0 rg BT 397.67 587.70 Td (the ) Tj ET Q q 0 0 0 rg BT 410.20 587.70 Td (imputed ) Tj ET Q q 0 0 0 rg BT 439.62 587.70 Td (interest ) Tj ET Q q 0 0 0 rg BT 466.87 587.70 Td (and ) Tj ET Q q 0 0 0 rg BT 481.57 587.70 Td (principal ) Tj ET Q q 0 0 0 rg BT 512.28 587.70 Td (portions ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 576.30 Td (thereof. ) Tj ET Q q 0 0 0 rg BT 101.29 576.30 Td (The ) Tj ET Q q 0 0 0 rg BT 117.77 576.30 Td (principal ) Tj ET Q q 0 0 0 rg BT 149.84 576.30 Td (portion ) Tj ET Q q 0 0 0 rg BT 176.71 576.30 Td (represents ) Tj ET Q q 0 0 0 rg BT 216.58 576.30 Td (the ) Tj ET Q q 0 0 0 rg BT 230.47 576.30 Td (amount ) Tj ET Q q 0 0 0 rg BT 259.51 576.30 Td (recorded ) Tj ET Q q 0 0 0 rg BT 293.31 576.30 Td (on ) Tj ET Q q 0 0 0 rg BT 305.03 576.30 Td (the ) Tj ET Q q 0 0 0 rg BT 318.92 576.30 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 365.72 576.30 Td (statements ) Tj ET Q q 0 0 0 rg BT 406.89 576.30 Td (of ) Tj ET Q q 0 0 0 rg BT 416.45 576.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 448.09 576.30 Td (position ) Tj ET Q q 0 0 0 rg BT 478.00 576.30 Td (at ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 487.55 576.30 Td (June30, ) Tj ET Q q 0 0 0 rg BT 520.50 576.30 Td (2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 537.83 576.30 Td (:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 565.8 m 315.5 565.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 565.8 m 390.5 565.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 565.8 m 465.5 565.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 565.8 m 540.5 565.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 532.8 m 315.5 532.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315.5 532.8 m 390.5 532.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 532.8 m 465.5 532.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 532.8 m 540.5 532.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 490.8 m 315.5 490.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 476.8 m 315.5 476.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315.5 490.8 m 390.5 490.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 476.8 m 390.5 476.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 490.8 m 465.5 490.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 476.8 m 465.5 476.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 490.8 m 540.5 490.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 476.8 m 540.5 476.8 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 330.70 546.83 Td (Future minimum ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 332.40 537.33 Td (lease payments) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 401.35 556.33 Td (Interest portion of ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 409.60 546.83 Td (minimum lease ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 428.20 537.33 Td (payments) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 472.45 556.33 Td (Principal portion of ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 484.60 546.83 Td (minimum lease ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 503.20 537.33 Td (payments) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 523.33 Td (Less than one year) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 318.00 523.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 367.90 523.33 Td (6,099) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 393.00 523.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 442.90 523.33 Td (3,838) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 468.00 523.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 517.90 523.33 Td (2,261) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 509.33 Td (Greater than one year but less than 5 years) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 363.55 509.38 Td (25,061) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 438.55 509.33 Td (13,748) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 513.55 509.33 Td (11,313) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 495.33 Td (Greater than 5 years) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 363.55 495.38 Td (64,586) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 438.55 495.33 Td (16,083) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 513.55 495.33 Td (48,503) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 468.00 481.33 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 513.55 481.33 Td (62,077) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 72.00 459.90 Td (8. ) Tj ET Q q 0 0 0 rg BT 80.67 459.90 Td ( ) Tj ET Q q 0 0 0 rg BT 82.83 459.90 Td ( ) Tj ET Q q 0 0 0 rg BT 85.00 459.90 Td ( ) Tj ET Q q 0 0 0 rg BT 87.17 459.90 Td ( ) Tj ET Q q 0 0 0 rg BT 89.33 459.90 Td ( ) Tj ET Q q 0 0 0 rg BT 91.50 459.90 Td ( ) Tj ET Q q 0 0 0 rg BT 93.66 459.90 Td (Other ) Tj ET Q q 0 0 0 rg BT 116.61 459.90 Td (assets) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 442.50 Td (Other assets are comprised of the following: ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 426 m 389.5 426 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 71.5 412 m 389.5 412 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 426 m 464.5 426 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 389.5 412 m 464.5 412 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 426 m 539.5 426 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 412 m 539.5 412 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 412 m 539.5 412 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 71.5 356 m 389.5 356 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 389.5 356 m 464.5 356 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 356 m 539.5 356 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 342 m 389.5 342 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 342 m 464.5 342 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 342 m 539.5 342 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 410.30 416.53 Td (June 30, 2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 467.55 416.53 Td (December 31, 2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 74.00 402.53 Td (Prepaid expenses) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 392.00 402.53 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 441.90 402.53 Td (5,087) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 467.00 402.53 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 516.90 402.53 Td (2,118) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 74.00 388.53 Td (Other assets) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 448.40 388.53 Td (234) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 523.40 388.53 Td (189) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 74.00 374.53 Td (Interest rate subsidy) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 441.90 374.53 Td (1,938) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 516.90 374.53 Td (2,153) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 74.00 360.53 Td (Investment tax credit receivable) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 441.90 360.53 Td (1,353) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 516.90 360.58 Td (1,302) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 392.00 346.53 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 441.90 346.53 Td (8,612) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 467.00 346.53 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 516.90 346.53 Td (5,762) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 325.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 93.65 325.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 118.34 325.10 Td (have ) Tj ET Q q 0 0 0 rg BT 137.40 325.10 Td (been ) Tj ET Q q 0 0 0 rg BT 156.90 325.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 191.11 325.10 Td (between ) Tj ET Q q 0 0 0 rg BT 222.73 325.10 Td (current ) Tj ET Q q 0 0 0 rg BT 249.14 325.10 Td (and ) Tj ET Q q 0 0 0 rg BT 264.31 325.10 Td (non-current ) Tj ET Q q 0 0 0 rg BT 306.31 325.10 Td (as ) Tj ET Q q 0 0 0 rg BT 316.71 325.10 Td (follows:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 308.6 m 389.5 308.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 71.5 294.6 m 389.5 294.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 308.6 m 464.5 308.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 389.5 294.6 m 464.5 294.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 308.6 m 539.5 308.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 294.6 m 539.5 294.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 389.5 294.6 m 464.5 294.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 294.6 m 539.5 294.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 71.5 266.6 m 389.5 266.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 252.60000000000002 m 389.5 252.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 389.5 266.6 m 464.5 266.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 252.60000000000002 m 464.5 252.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 266.6 m 539.5 266.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 252.60000000000002 m 539.5 252.60000000000002 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 410.30 299.13 Td (June 30, 2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 467.55 299.13 Td (December 31, 2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 74.00 285.13 Td (Current) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 392.00 285.13 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 441.90 285.13 Td (6,193) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 467.00 285.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 516.90 285.13 Td (3,162) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 74.00 271.13 Td (Non-current) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 441.90 271.13 Td (2,419) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 516.90 271.13 Td (2,600) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 392.00 257.13 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 441.90 257.13 Td (8,612) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 467.00 257.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 516.90 257.13 Td (5,762) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 235.70 Td (In ) Tj ET Q q 0 0 0 rg BT 81.30 235.70 Td (connection ) Tj ET Q q 0 0 0 rg BT 121.80 235.70 Td (with ) Tj ET Q q 0 0 0 rg BT 138.45 235.70 Td (the ) Tj ET Q q 0 0 0 rg BT 152.09 235.70 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 191.71 235.70 Td (of ) Tj ET Q q 0 0 0 rg BT 201.01 235.70 Td (the ) Tj ET Q q 0 0 0 rg BT 214.65 235.70 Td (Gateway ) Tj ET Q q 0 0 0 rg BT 248.20 235.70 Td (Complex ) Tj ET Q q 0 0 0 rg BT 281.74 235.70 Td (on ) Tj ET Q q 0 0 0 rg BT 293.21 235.70 Td (June ) Tj ET Q q 0 0 0 rg BT 312.91 235.70 Td (30, ) Tj ET Q q 0 0 0 rg BT 326.55 235.70 Td (2016, ) Tj ET Q q 0 0 0 rg BT 348.85 235.70 Td (the ) Tj ET Q q 0 0 0 rg BT 362.49 235.70 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 402.11 235.70 Td (agreement ) Tj ET Q q 0 0 0 rg BT 442.16 235.70 Td (provided ) Tj ET Q q 0 0 0 rg BT 474.85 235.70 Td (for ) Tj ET Q q 0 0 0 rg BT 486.75 235.70 Td (an ) Tj ET Q q 0 0 0 rg BT 498.22 235.70 Td (interest ) Tj ET Q q 0 0 0 rg BT 526.57 235.70 Td (rate ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 224.30 Td (subsidy ) Tj ET Q q 0 0 0 rg BT 100.65 224.30 Td (in ) Tj ET Q q 0 0 0 rg BT 108.95 224.30 Td (the ) Tj ET Q q 0 0 0 rg BT 122.02 224.30 Td (initial ) Tj ET Q q 0 0 0 rg BT 142.00 224.30 Td (amount ) Tj ET Q q 0 0 0 rg BT 170.22 224.30 Td (of ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 178.96 224.30 Td ($2.4 ) Tj ET Q q 0 0 0 rg BT 196.36 224.30 Td (million) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 218.43 224.30 Td ( ) Tj ET Q q 0 0 0 rg BT 220.67 224.30 Td (in ) Tj ET Q q 0 0 0 rg BT 228.96 224.30 Td (favour ) Tj ET Q q 0 0 0 rg BT 252.85 224.30 Td (of ) Tj ET Q q 0 0 0 rg BT 261.59 224.30 Td (the ) Tj ET Q q 0 0 0 rg BT 274.65 224.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 292.26 224.30 Td ( ) Tj ET Q q 0 0 0 rg BT 294.49 224.30 Td (to ) Tj ET Q q 0 0 0 rg BT 303.23 224.30 Td (be ) Tj ET Q q 0 0 0 rg BT 314.13 224.30 Td (held ) Tj ET Q q 0 0 0 rg BT 331.09 224.30 Td (in ) Tj ET Q q 0 0 0 rg BT 339.39 224.30 Td (escrow ) Tj ET Q q 0 0 0 rg BT 366.29 224.30 Td (and ) Tj ET Q q 0 0 0 rg BT 381.53 224.30 Td (released ) Tj ET Q q 0 0 0 rg BT 413.64 224.30 Td (to ) Tj ET Q q 0 0 0 rg BT 422.38 224.30 Td (the ) Tj ET Q q 0 0 0 rg BT 435.44 224.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 453.05 224.30 Td ( ) Tj ET Q q 0 0 0 rg BT 455.29 224.30 Td (over ) Tj ET Q q 0 0 0 rg BT 472.68 224.30 Td (the ) Tj ET Q q 0 0 0 rg BT 485.74 224.30 Td (term ) Tj ET Q q 0 0 0 rg BT 503.56 224.30 Td (to ) Tj ET Q q 0 0 0 rg BT 512.29 224.30 Td (maturity ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 212.90 Td (to ) Tj ET Q q 0 0 0 rg BT 80.67 212.90 Td (compensate ) Tj ET Q q 0 0 0 rg BT 125.28 212.90 Td (the ) Tj ET Q q 0 0 0 rg BT 138.27 212.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 155.88 212.90 Td ( ) Tj ET Q q 0 0 0 rg BT 158.05 212.90 Td (for ) Tj ET Q q 0 0 0 rg BT 169.31 212.90 Td (the ) Tj ET Q q 0 0 0 rg BT 182.31 212.90 Td (assumption ) Tj ET Q q 0 0 0 rg BT 224.32 212.90 Td (of ) Tj ET Q q 0 0 0 rg BT 232.98 212.90 Td (an ) Tj ET Q q 0 0 0 rg BT 243.81 212.90 Td (above ) Tj ET Q q 0 0 0 rg BT 267.21 212.90 Td (market ) Tj ET Q q 0 0 0 rg BT 293.18 212.90 Td (mortgage. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 195.50 Td (In ) Tj ET Q q 0 0 0 rg BT 81.15 195.50 Td (connection ) Tj ET Q q 0 0 0 rg BT 121.49 195.50 Td (with ) Tj ET Q q 0 0 0 rg BT 137.99 195.50 Td (development ) Tj ET Q q 0 0 0 rg BT 185.25 195.50 Td (of ) Tj ET Q q 0 0 0 rg BT 194.40 195.50 Td (the ) Tj ET Q q 0 0 0 rg BT 207.89 195.50 Td (Data ) Tj ET Q q 0 0 0 rg BT 226.99 195.50 Td (Centre, ) Tj ET Q q 0 0 0 rg BT 255.19 195.50 Td (the ) Tj ET Q q 0 0 0 rg BT 268.67 195.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 286.28 195.50 Td ( ) Tj ET Q q 0 0 0 rg BT 288.94 195.50 Td (is ) Tj ET Q q 0 0 0 rg BT 297.21 195.50 Td (eligible ) Tj ET Q q 0 0 0 rg BT 324.12 195.50 Td (for ) Tj ET Q q 0 0 0 rg BT 335.86 195.50 Td (a ) Tj ET Q q 0 0 0 rg BT 342.85 195.50 Td (Manitoba ) Tj ET Q q 0 0 0 rg BT 377.55 195.50 Td (data ) Tj ET Q q 0 0 0 rg BT 395.36 195.50 Td (processing ) Tj ET Q q 0 0 0 rg BT 435.69 195.50 Td (investment ) Tj ET Q q 0 0 0 rg BT 476.02 195.50 Td (tax ) Tj ET Q q 0 0 0 rg BT 489.07 195.50 Td (credit ) Tj ET Q q 0 0 0 rg BT 510.77 195.50 Td (\(the ) Tj ET Q q 0 0 0 rg BT 526.85 195.50 Td ("tax ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 184.10 Td (credit"\). ) Tj ET Q q 0 0 0 rg BT 100.01 184.10 Td (The ) Tj ET Q q 0 0 0 rg BT 114.96 184.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 132.57 184.10 Td ( ) Tj ET Q q 0 0 0 rg BT 134.10 184.10 Td (expects ) Tj ET Q q 0 0 0 rg BT 162.48 184.10 Td (to ) Tj ET Q q 0 0 0 rg BT 170.51 184.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 197.15 184.10 Td (the ) Tj ET Q q 0 0 0 rg BT 209.51 184.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 221.44 184.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 242.02 184.10 Td (in ) Tj ET Q q 0 0 0 rg BT 249.61 184.10 Td (installments ) Tj ET Q q 0 0 0 rg BT 292.28 184.10 Td (through ) Tj ET Q q 0 0 0 rg BT 320.23 184.10 Td (to ) Tj ET Q q 0 0 0 rg BT 328.26 184.10 Td (2029. ) Tj ET Q q 0 0 0 rg BT 348.98 184.10 Td (A) Tj ET Q q 0 0 0 rg BT 353.75 184.10 Td ( ) Tj ET Q q 0 0 0 rg BT 355.28 184.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 380.63 184.10 Td (of ) Tj ET Q q 0 0 0 rg BT 388.65 184.10 Td (the ) Tj ET Q q 0 0 0 rg BT 401.01 184.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 412.94 184.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 433.52 184.10 Td (is ) Tj ET Q q 0 0 0 rg BT 440.68 184.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 469.49 184.10 Td (to ) Tj ET Q q 0 0 0 rg BT 477.52 184.10 Td (Manitoba ) Tj ET Q q 0 0 0 rg BT 511.00 184.10 Td (T) Tj ET Q q 0 0 0 rg BT 514.90 184.10 Td (elecom ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 172.70 Td (Services ) Tj ET Q q 0 0 0 rg BT 103.86 172.70 Td (\("MTS"\). ) Tj ET Q q 0 0 0 rg BT 135.04 172.70 Td (The ) Tj ET Q q 0 0 0 rg BT 150.45 172.70 Td (portion ) Tj ET Q q 0 0 0 rg BT 176.25 172.70 Td (of ) Tj ET Q q 0 0 0 rg BT 184.73 172.70 Td (the ) Tj ET Q q 0 0 0 rg BT 197.55 172.70 Td (tax ) Tj ET Q q 0 0 0 rg BT 209.92 172.70 Td (credit ) Tj ET Q q 0 0 0 rg BT 230.96 172.70 Td (owing ) Tj ET Q q 0 0 0 rg BT 253.29 172.70 Td (to ) Tj ET Q q 0 0 0 rg BT 261.77 172.70 Td (the ) Tj ET Q q 0 0 0 rg BT 274.59 172.70 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 299.70 172.70 Td (previous ) Tj ET Q q 0 0 0 rg BT 331.13 172.70 Td (other ) Tj ET Q q 0 0 0 rg BT 350.87 172.70 Td (limited ) Tj ET Q q 0 0 0 rg BT 375.37 172.70 Td (partner ) Tj ET Q q 0 0 0 rg BT 402.03 172.70 Td (was ) Tj ET Q q 0 0 0 rg BT 417.87 172.70 Td (paid ) Tj ET Q q 0 0 0 rg BT 434.58 172.70 Td (by ) Tj ET Q q 0 0 0 rg BT 444.79 172.70 Td (the ) Tj ET Q q 0 0 0 rg BT 457.60 172.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 475.21 172.70 Td ( ) Tj ET Q q 0 0 0 rg BT 477.19 172.70 Td (in ) Tj ET Q q 0 0 0 rg BT 485.24 172.70 Td (full ) Tj ET Q q 0 0 0 rg BT 497.18 172.70 Td (in ) Tj ET Q q 0 0 0 rg BT 505.23 172.70 Td (2016. ) Tj ET Q q 0 0 0 rg BT 526.58 172.70 Td (The ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 161.30 Td (portion ) Tj ET Q q 0 0 0 rg BT 98.01 161.30 Td (payable ) Tj ET Q q 0 0 0 rg BT 127.48 161.30 Td (to ) Tj ET Q q 0 0 0 rg BT 136.17 161.30 Td (MTS ) Tj ET Q q 0 0 0 rg BT 154.80 161.30 Td (will ) Tj ET Q q 0 0 0 rg BT 167.80 161.30 Td (be ) Tj ET Q q 0 0 0 rg BT 178.66 161.30 Td (paid ) Tj ET Q q 0 0 0 rg BT 195.57 161.30 Td (as ) Tj ET Q q 0 0 0 rg BT 205.99 161.30 Td (the ) Tj ET Q q 0 0 0 rg BT 219.01 161.30 Td (credits ) Tj ET Q q 0 0 0 rg BT 244.14 161.30 Td (are ) Tj ET Q q 0 0 0 rg BT 257.59 161.30 Td (received ) Tj ET Q q 0 0 0 rg BT 289.22 161.30 Td (\(note ) Tj ET Q q 0 0 0 rg BT 309.17 161.30 Td (1) Tj ET Q q 0 0 0 rg BT 312.93 161.30 Td (1\). ) Tj ET Q q 0 0 0 rg BT 324.21 161.30 Td ( ) Tj ET Q q 0 0 0 rg BT 326.26 161.30 Td (The ) Tj ET Q q 0 0 0 rg BT 341.87 161.30 Td (tax ) Tj ET Q q 0 0 0 rg BT 354.46 161.30 Td (credit ) Tj ET Q q 0 0 0 rg BT 375.70 161.30 Td (receivable ) Tj ET Q q 0 0 0 rg BT 413.39 161.30 Td (has ) Tj ET Q q 0 0 0 rg BT 428.14 161.30 Td (been ) Tj ET Q q 0 0 0 rg BT 447.66 161.30 Td (included ) Tj ET Q q 0 0 0 rg BT 478.87 161.30 Td (in ) Tj ET Q q 0 0 0 rg BT 487.12 161.30 Td (other ) Tj ET Q q 0 0 0 rg BT 507.06 161.30 Td (assets ) Tj ET Q q 0 0 0 rg BT 531.77 161.30 Td (as ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 149.90 Td (at ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 80.67 149.90 Td (June30, ) Tj ET Q q 0 0 0 rg BT 112.72 149.90 Td (2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 130.05 149.90 Td (. ) Tj ET Q endstream endobj 25 0 obj <> endobj 26 0 obj <> stream BT /F3 14.00 Tf ET q 0 0 0 rg BT 49.50 769.35 Td ( ) Tj ET Q q 0 0 0 rg BT 67.50 769.35 Td ( SLA) Tj ET Q q 0 0 0 rg BT 92.81 769.35 Td (TE OFFICE REIT) Tj ET Q BT /F3 14.00 Tf ET q 0 0 0 rg BT 72.00 752.55 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 121.55 752.55 Td (O THE CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 304.38 752.55 Td (TED INTERIM FINANCIAL) Tj ET Q q 0 0 0 rg BT 442.55 752.55 Td ( ST) Tj ET Q q 0 0 0 rg BT 459.57 752.55 Td (A) Tj ET Q q 0 0 0 rg BT 467.01 752.55 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 740.55 Td (\(all tabular amounts are expressed in thousands of Canadian dollars, unless otherwise noted\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 728.55 Td (\(unaudited\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 301.50 42.95 Td (Page 1) Tj ET Q q 0 0 0 rg BT 324.35 42.95 Td (1) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 72.00 695.10 Td (9. ) Tj ET Q q 0 0 0 rg BT 80.67 695.10 Td ( ) Tj ET Q q 0 0 0 rg BT 82.83 695.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.00 695.10 Td ( ) Tj ET Q q 0 0 0 rg BT 87.17 695.10 Td ( ) Tj ET Q q 0 0 0 rg BT 89.33 695.10 Td ( ) Tj ET Q q 0 0 0 rg BT 91.50 695.10 Td ( ) Tj ET Q q 0 0 0 rg BT 93.38 695.10 Td (Accounts ) Tj ET Q q 0 0 0 rg BT 131.04 695.10 Td (receivable) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 677.70 Td (Accounts receivable is comprised of the following:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 661.2 m 390.5 661.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 647.2 m 390.5 647.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 661.2 m 465.5 661.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 647.2 m 465.5 647.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 661.2 m 540.5 661.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 647.2 m 540.5 647.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 647.2 m 465.5 647.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 647.2 m 540.5 647.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 591.2 m 390.5 591.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 577.2 m 390.5 577.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 591.2 m 465.5 591.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 577.2 m 465.5 577.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 591.2 m 540.5 591.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 577.2 m 540.5 577.2 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 411.30 651.73 Td (June 30, 2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 468.55 651.73 Td (December 31, 2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 637.73 Td (Rent receivable) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.00 637.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 442.90 637.73 Td (2,507) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 468.00 637.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 517.90 637.73 Td (1,559) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 623.73 Td (Accrued recovery income) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 449.40 623.73 Td (805) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 517.90 623.73 Td (1,022) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 609.73 Td (Other amounts receivable) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 442.90 609.73 Td (2,005) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 517.90 609.73 Td (1,525) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 595.73 Td (Allowance) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 446.80 595.73 Td (\(144) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 462.40 595.73 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 526.10 595.73 Td (\(97) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 537.40 595.73 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.00 581.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 442.90 581.73 Td (5,173) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 468.00 581.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 517.90 581.73 Td (4,009) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 560.30 Td (Rent ) Tj ET Q q 0 0 0 rg BT 91.05 560.30 Td (receivable ) Tj ET Q q 0 0 0 rg BT 129.15 560.30 Td (consists ) Tj ET Q q 0 0 0 rg BT 159.90 560.30 Td (of ) Tj ET Q q 0 0 0 rg BT 168.99 560.30 Td (base ) Tj ET Q q 0 0 0 rg BT 188.48 560.30 Td (rent ) Tj ET Q q 0 0 0 rg BT 204.50 560.30 Td (and ) Tj ET Q q 0 0 0 rg BT 220.09 560.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 255.17 560.30 Td (expense ) Tj ET Q q 0 0 0 rg BT 287.22 560.30 Td (recoveries ) Tj ET Q q 0 0 0 rg BT 325.75 560.30 Td (receivable ) Tj ET Q q 0 0 0 rg BT 363.86 560.30 Td (from ) Tj ET Q q 0 0 0 rg BT 382.03 560.30 Td (tenants. ) Tj ET Q q 0 0 0 rg BT 411.84 560.30 Td (Accrued ) Tj ET Q q 0 0 0 rg BT 443.02 560.30 Td (recovery ) Tj ET Q q 0 0 0 rg BT 475.48 560.30 Td (income ) Tj ET Q q 0 0 0 rg BT 503.19 560.30 Td (represents ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 548.90 Td (amounts ) Tj ET Q q 0 0 0 rg BT 104.05 548.90 Td (that ) Tj ET Q q 0 0 0 rg BT 119.21 548.90 Td (have ) Tj ET Q q 0 0 0 rg BT 138.27 548.90 Td (not ) Tj ET Q q 0 0 0 rg BT 151.27 548.90 Td (been ) Tj ET Q q 0 0 0 rg BT 170.77 548.90 Td (billed ) Tj ET Q q 0 0 0 rg BT 191.12 548.90 Td (to ) Tj ET Q q 0 0 0 rg BT 199.79 548.90 Td (tenants ) Tj ET Q q 0 0 0 rg BT 227.52 548.90 Td (and ) Tj ET Q q 0 0 0 rg BT 242.68 548.90 Td (are ) Tj ET Q q 0 0 0 rg BT 256.10 548.90 Td (generally ) Tj ET Q q 0 0 0 rg BT 289.88 548.90 Td (billed ) Tj ET Q q 0 0 0 rg BT 310.24 548.90 Td (and ) Tj ET Q q 0 0 0 rg BT 325.40 548.90 Td (paid ) Tj ET Q q 0 0 0 rg BT 342.30 548.90 Td (in ) Tj ET Q q 0 0 0 rg BT 350.53 548.90 Td (the ) Tj ET Q q 0 0 0 rg BT 363.53 548.90 Td (period ) Tj ET Q q 0 0 0 rg BT 387.35 548.90 Td (following ) Tj ET Q q 0 0 0 rg BT 419.82 548.90 Td (the ) Tj ET Q q 0 0 0 rg BT 432.82 548.90 Td (period ) Tj ET Q q 0 0 0 rg BT 456.64 548.90 Td (to ) Tj ET Q q 0 0 0 rg BT 465.31 548.90 Td (which ) Tj ET Q q 0 0 0 rg BT 487.39 548.90 Td (they ) Tj ET Q q 0 0 0 rg BT 504.28 548.90 Td (relate.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 531.50 Td (Included ) Tj ET Q q 0 0 0 rg BT 103.54 531.50 Td (in ) Tj ET Q q 0 0 0 rg BT 111.68 531.50 Td (other ) Tj ET Q q 0 0 0 rg BT 131.52 531.50 Td (amounts ) Tj ET Q q 0 0 0 rg BT 163.48 531.50 Td (receivable ) Tj ET Q q 0 0 0 rg BT 201.07 531.50 Td (is ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 208.78 531.50 Td ($0.4 ) Tj ET Q q 0 0 0 rg BT 226.03 531.50 Td (million) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 248.10 531.50 Td ( ) Tj ET Q q 0 0 0 rg BT 250.19 531.50 Td (\() Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 252.78 531.50 Td (December31, ) Tj ET Q q 0 0 0 rg BT 303.79 531.50 Td (2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 321.12 531.50 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 323.20 531.50 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 327.95 531.50 Td ( ) Tj ET Q q 0 0 0 rg BT 330.03 531.50 Td ($0.5 ) Tj ET Q q 0 0 0 rg BT 347.28 531.50 Td (million\) ) Tj ET Q q 0 0 0 rg BT 374.03 531.50 Td (due ) Tj ET Q q 0 0 0 rg BT 389.11 531.50 Td (from ) Tj ET Q q 0 0 0 rg BT 406.77 531.50 Td (Slate ) Tj ET Q q 0 0 0 rg BT 426.61 531.50 Td (\(as ) Tj ET Q q 0 0 0 rg BT 439.51 531.50 Td (defined ) Tj ET Q q 0 0 0 rg BT 467.15 531.50 Td (in ) Tj ET Q q 0 0 0 rg BT 475.30 531.50 Td (note ) Tj ET Q q 0 0 0 rg BT 492.54 531.50 Td (21\) ) Tj ET Q q 0 0 0 rg BT 505.88 531.50 Td (relating ) Tj ET Q q 0 0 0 rg BT 533.51 531.50 Td (to ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 520.10 Td (an ) Tj ET Q q 0 0 0 rg BT 82.72 520.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 121.59 520.10 Td (in ) Tj ET Q q 0 0 0 rg BT 129.71 520.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 149.09 520.10 Td (for ) Tj ET Q q 0 0 0 rg BT 160.24 520.10 Td (future ) Tj ET Q q 0 0 0 rg BT 182.22 520.10 Td (free ) Tj ET Q q 0 0 0 rg BT 197.70 520.10 Td (rent ) Tj ET Q q 0 0 0 rg BT 213.18 520.10 Td (adjustments, ) Tj ET Q q 0 0 0 rg BT 259.41 520.10 Td (tenant ) Tj ET Q q 0 0 0 rg BT 283.13 520.10 Td (inducements ) Tj ET Q q 0 0 0 rg BT 329.36 520.10 Td (and ) Tj ET Q q 0 0 0 rg BT 344.42 520.10 Td (leasing ) Tj ET Q q 0 0 0 rg BT 371.16 520.10 Td (commissions. ) Tj ET Q q 0 0 0 rg BT 420.41 520.10 Td ( ) Tj ET Q q 0 0 0 rg BT 422.33 520.10 Td (The ) Tj ET Q q 0 0 0 rg BT 437.81 520.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 475.38 520.10 Td (will ) Tj ET Q q 0 0 0 rg BT 488.25 520.10 Td (be ) Tj ET Q q 0 0 0 rg BT 498.97 520.10 Td (collected ) Tj ET Q q 0 0 0 rg BT 531.77 520.10 Td (as ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 508.70 Td (the ) Tj ET Q q 0 0 0 rg BT 84.19 508.70 Td (related ) Tj ET Q q 0 0 0 rg BT 109.37 508.70 Td (items ) Tj ET Q q 0 0 0 rg BT 129.34 508.70 Td (are ) Tj ET Q q 0 0 0 rg BT 141.96 508.70 Td (paid ) Tj ET Q q 0 0 0 rg BT 158.04 508.70 Td (or ) Tj ET Q q 0 0 0 rg BT 166.32 508.70 Td (incurred ) Tj ET Q q 0 0 0 rg BT 195.83 508.70 Td (in ) Tj ET Q q 0 0 0 rg BT 203.25 508.70 Td (connection ) Tj ET Q q 0 0 0 rg BT 242.29 508.70 Td (with ) Tj ET Q q 0 0 0 rg BT 257.50 508.70 Td (the ) Tj ET Q q 0 0 0 rg BT 269.69 508.70 Td (tenant ) Tj ET Q q 0 0 0 rg BT 292.71 508.70 Td (lease ) Tj ET Q q 0 0 0 rg BT 312.69 508.70 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 357.35 508.70 Td ( ) Tj ET Q q 0 0 0 rg BT 358.63 508.70 Td (The ) Tj ET Q q 0 0 0 rg BT 373.41 508.70 Td (receivable ) Tj ET Q q 0 0 0 rg BT 410.28 508.70 Td (is ) Tj ET Q q 0 0 0 rg BT 417.26 508.70 Td (non-interest ) Tj ET Q q 0 0 0 rg BT 459.76 508.70 Td (bearing ) Tj ET Q q 0 0 0 rg BT 487.10 508.70 Td (and ) Tj ET Q q 0 0 0 rg BT 501.46 508.70 Td (unsecured. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 491.30 Td (The ) Tj ET Q q 0 0 0 rg BT 87.59 491.30 Td (change ) Tj ET Q q 0 0 0 rg BT 115.32 491.30 Td (in ) Tj ET Q q 0 0 0 rg BT 123.55 491.30 Td (allowance ) Tj ET Q q 0 0 0 rg BT 160.35 491.30 Td (for ) Tj ET Q q 0 0 0 rg BT 171.61 491.30 Td (doubtful ) Tj ET Q q 0 0 0 rg BT 201.51 491.30 Td (accounts ) Tj ET Q q 0 0 0 rg BT 234.86 491.30 Td (is ) Tj ET Q q 0 0 0 rg BT 242.65 491.30 Td (as ) Tj ET Q q 0 0 0 rg BT 253.05 491.30 Td (follows:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 474.8 m 389.5 474.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 474.8 m 464.5 474.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 389.5 460.8 m 464.5 460.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 474.8 m 539.5 474.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 460.8 m 539.5 460.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 71.5 460.8 m 389.5 460.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 389.5 460.8 m 464.5 460.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 460.8 m 539.5 460.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 71.5 404.8 m 389.5 404.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 390.8 m 389.5 390.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 389.5 404.8 m 464.5 404.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 390.8 m 464.5 390.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 404.8 m 539.5 404.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 390.8 m 539.5 390.8 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 410.30 465.33 Td (June 30, 2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 467.55 465.33 Td (December 31, 2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 74.00 451.33 Td (Balance, beginning of period) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 392.00 451.33 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 450.10 451.33 Td (\(97) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 461.40 451.33 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 467.00 451.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 520.80 451.33 Td (\(159) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 536.40 451.33 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 74.00 437.33 Td (Change in allowance) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 450.10 437.33 Td (\(92) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 461.40 437.33 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 520.80 437.33 Td (\(120) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 536.40 437.33 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 74.00 423.33 Td (Bad debt write-off) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 452.70 423.33 Td (12) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 527.70 423.33 Td (83) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 74.00 409.33 Td (Bad debt recovery) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 452.70 409.33 Td (33) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 527.70 409.33 Td (99) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 74.00 395.33 Td (Balance, end of period) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 392.00 395.33 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 445.80 395.33 Td (\(144) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 461.40 395.33 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 467.00 395.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 525.10 395.33 Td (\(97) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 536.40 395.33 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 368.50 Td (An ) Tj ET Q q 0 0 0 rg BT 85.12 368.50 Td (allowance ) Tj ET Q q 0 0 0 rg BT 123.35 368.50 Td (is ) Tj ET Q q 0 0 0 rg BT 132.57 368.50 Td (provided ) Tj ET Q q 0 0 0 rg BT 166.04 368.50 Td (when ) Tj ET Q q 0 0 0 rg BT 188.25 368.50 Td (collection ) Tj ET Q q 0 0 0 rg BT 224.33 368.50 Td (is ) Tj ET Q q 0 0 0 rg BT 233.54 368.50 Td (no ) Tj ET Q q 0 0 0 rg BT 245.80 368.50 Td (longer ) Tj ET Q q 0 0 0 rg BT 271.04 368.50 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 312.75 368.50 Td (assured, ) Tj ET Q q 0 0 0 rg BT 346.22 368.50 Td (which ) Tj ET Q q 0 0 0 rg BT 369.72 368.50 Td (primarily ) Tj ET Q q 0 0 0 rg BT 402.74 368.50 Td (includes ) Tj ET Q q 0 0 0 rg BT 434.92 368.50 Td (bankruptcy) Tj ET Q q 0 0 0 rg BT 472.46 368.50 Td (, ) Tj ET Q q 0 0 0 rg BT 478.22 368.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 510.39 368.50 Td (dif) Tj ET Q q 0 0 0 rg BT 518.49 368.50 Td (ficulty) Tj ET Q q 0 0 0 rg BT 537.84 368.50 Td (, ) Tj ET Q q 0 0 0 rg BT 542.17 368.50 Td ( ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 357.10 Td (abandonment ) Tj ET Q q 0 0 0 rg BT 121.82 357.10 Td (and ) Tj ET Q q 0 0 0 rg BT 136.98 357.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 162.53 357.10 Td (tenant ) Tj ET Q q 0 0 0 rg BT 186.36 357.10 Td (disputes.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 339.70 Td (The aging analysis of rents receivable past due, net of allowance is as follows:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 329.20000000000005 m 390.5 329.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 329.20000000000005 m 465.5 329.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 315.20000000000005 m 465.5 315.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 329.20000000000005 m 540.5 329.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 315.20000000000005 m 540.5 315.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 315.20000000000005 m 390.5 315.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 315.20000000000005 m 465.5 315.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 315.20000000000005 m 540.5 315.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 273.20000000000005 m 390.5 273.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 259.20000000000005 m 390.5 259.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 273.20000000000005 m 465.5 273.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 259.20000000000005 m 465.5 259.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 273.20000000000005 m 540.5 273.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 259.20000000000005 m 540.5 259.20000000000005 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 411.30 319.73 Td (June 30, 2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 468.55 319.73 Td (December 31, 2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 305.73 Td (Current to 30 days) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.00 305.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 442.90 305.73 Td (1,472) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 468.00 305.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 524.40 305.73 Td (911) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 291.73 Td (31 to 90 days) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 449.40 291.73 Td (654) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 524.40 291.73 Td (187) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 277.73 Td (Greater than 90 days) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 449.40 277.73 Td (237) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 524.40 277.73 Td (364) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.00 263.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 442.90 263.73 Td (2,363) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 468.00 263.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 517.90 263.73 Td (1,462) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 72.00 242.30 Td (10. ) Tj ET Q q 0 0 0 rg BT 85.00 242.30 Td ( ) Tj ET Q q 0 0 0 rg BT 87.16 242.30 Td ( ) Tj ET Q q 0 0 0 rg BT 89.33 242.30 Td ( ) Tj ET Q q 0 0 0 rg BT 91.50 242.30 Td ( ) Tj ET Q q 0 0 0 rg BT 93.66 242.30 Td ( ) Tj ET Q q 0 0 0 rg BT 95.83 242.30 Td ( ) Tj ET Q q 0 0 0 rg BT 98.00 242.30 Td (Debt) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 224.90 Td (During ) Tj ET Q q 0 0 0 rg BT 96.64 224.90 Td (the ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 109.17 224.90 Td (six ) Tj ET Q q 0 0 0 rg BT 120.39 224.90 Td (month ) Tj ET Q q 0 0 0 rg BT 143.74 224.90 Td (period ) Tj ET Q q 0 0 0 rg BT 167.08 224.90 Td (ended ) Tj ET Q q 0 0 0 rg BT 190.44 224.90 Td (June ) Tj ET Q q 0 0 0 rg BT 209.03 224.90 Td (30, ) Tj ET Q q 0 0 0 rg BT 221.56 224.90 Td (2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 238.89 224.90 Td (, ) Tj ET Q q 0 0 0 rg BT 242.75 224.90 Td (the ) Tj ET Q q 0 0 0 rg BT 255.28 224.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 272.89 224.90 Td ( ) Tj ET Q q 0 0 0 rg BT 274.58 224.90 Td (increased ) Tj ET Q q 0 0 0 rg BT 310.06 224.90 Td (an ) Tj ET Q q 0 0 0 rg BT 320.42 224.90 Td (existing ) Tj ET Q q 0 0 0 rg BT 348.53 224.90 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 383.14 224.90 Td (on ) Tj ET Q q 0 0 0 rg BT 393.50 224.90 Td (421) Tj ET Q q 0 0 0 rg BT 405.93 224.90 Td (1 ) Tj ET Q q 0 0 0 rg BT 411.85 224.90 Td (Y) Tj ET Q q 0 0 0 rg BT 416.33 224.90 Td (onge ) Tj ET Q q 0 0 0 rg BT 435.36 224.90 Td (Street ) Tj ET Q q 0 0 0 rg BT 457.84 224.90 Td (by ) Tj ET Q q 0 0 0 rg BT 467.77 224.90 Td ($8.5 ) Tj ET Q q 0 0 0 rg BT 484.63 224.90 Td (million, ) Tj ET Q q 0 0 0 rg BT 510.57 224.90 Td (resulting ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 213.50 Td (in ) Tj ET Q q 0 0 0 rg BT 80.23 213.50 Td (a ) Tj ET Q q 0 0 0 rg BT 86.73 213.50 Td (lowered ) Tj ET Q q 0 0 0 rg BT 116.17 213.50 Td (combined ) Tj ET Q q 0 0 0 rg BT 152.12 213.50 Td (interest ) Tj ET Q q 0 0 0 rg BT 179.83 213.50 Td (rate ) Tj ET Q q 0 0 0 rg BT 195.43 213.50 Td (of ) Tj ET Q q 0 0 0 rg BT 204.09 213.50 Td (3.64% ) Tj ET Q q 0 0 0 rg BT 228.35 213.50 Td (with ) Tj ET Q q 0 0 0 rg BT 244.37 213.50 Td (no ) Tj ET Q q 0 0 0 rg BT 255.20 213.50 Td (change ) Tj ET Q q 0 0 0 rg BT 282.92 213.50 Td (to ) Tj ET Q q 0 0 0 rg BT 291.59 213.50 Td (the ) Tj ET Q q 0 0 0 rg BT 304.59 213.50 Td (loan's ) Tj ET Q q 0 0 0 rg BT 326.87 213.50 Td (maturity) Tj ET Q q 0 0 0 rg BT 354.01 213.50 Td (. ) Tj ET Q q 0 0 0 rg BT 358.34 213.50 Td ( ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 196.10 Td (On ) Tj ET Q q 0 0 0 rg BT 84.44 196.10 Td (April ) Tj ET Q q 0 0 0 rg BT 102.57 196.10 Td (25, ) Tj ET Q q 0 0 0 rg BT 115.96 196.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 138.00 196.10 Td (in ) Tj ET Q q 0 0 0 rg BT 146.61 196.10 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 188.58 196.10 Td (with ) Tj ET Q q 0 0 0 rg BT 204.98 196.10 Td (the ) Tj ET Q q 0 0 0 rg BT 218.36 196.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 257.72 196.10 Td (of ) Tj ET Q q 0 0 0 rg BT 266.77 196.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.15 196.10 Td (W) Tj ET Q q 0 0 0 rg BT 287.37 196.10 Td (est ) Tj ET Q q 0 0 0 rg BT 300.31 196.10 Td (Metro ) Tj ET Q q 0 0 0 rg BT 322.78 196.10 Td (Centre, ) Tj ET Q q 0 0 0 rg BT 350.87 196.10 Td (the ) Tj ET Q q 0 0 0 rg BT 364.25 196.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 381.86 196.10 Td ( ) Tj ET Q q 0 0 0 rg BT 384.41 196.10 Td (assumed ) Tj ET Q q 0 0 0 rg BT 418.57 196.10 Td (a ) Tj ET Q q 0 0 0 rg BT 425.46 196.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 460.92 196.10 Td (in ) Tj ET Q q 0 0 0 rg BT 469.53 196.10 Td (the ) Tj ET Q q 0 0 0 rg BT 482.91 196.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 511.45 196.10 Td (of ) Tj ET Q q 0 0 0 rg BT 520.50 196.10 Td ($75.5 ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 184.70 Td (million ) Tj ET Q q 0 0 0 rg BT 96.24 184.70 Td (with ) Tj ET Q q 0 0 0 rg BT 112.26 184.70 Td (an ) Tj ET Q q 0 0 0 rg BT 123.09 184.70 Td (interest ) Tj ET Q q 0 0 0 rg BT 150.81 184.70 Td (rate ) Tj ET Q q 0 0 0 rg BT 166.40 184.70 Td (of ) Tj ET Q q 0 0 0 rg BT 175.07 184.70 Td (CDOR ) Tj ET Q q 0 0 0 rg BT 200.16 184.70 Td (plus ) Tj ET Q q 0 0 0 rg BT 216.62 184.70 Td (1.85% ) Tj ET Q q 0 0 0 rg BT 240.88 184.70 Td (and ) Tj ET Q q 0 0 0 rg BT 256.04 184.70 Td (maturing ) Tj ET Q q 0 0 0 rg BT 288.52 184.70 Td (May ) Tj ET Q q 0 0 0 rg BT 305.40 184.70 Td (1, ) Tj ET Q q 0 0 0 rg BT 314.07 184.70 Td (2018. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 167.30 Td (On ) Tj ET Q q 0 0 0 rg BT 84.80 167.30 Td (May ) Tj ET Q q 0 0 0 rg BT 101.93 167.30 Td (25, ) Tj ET Q q 0 0 0 rg BT 115.17 167.30 Td (2017, ) Tj ET Q q 0 0 0 rg BT 137.07 167.30 Td (in ) Tj ET Q q 0 0 0 rg BT 145.54 167.30 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 187.37 167.30 Td (with ) Tj ET Q q 0 0 0 rg BT 203.63 167.30 Td (the ) Tj ET Q q 0 0 0 rg BT 216.87 167.30 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 256.09 167.30 Td (of ) Tj ET Q q 0 0 0 rg BT 264.99 167.30 Td (Commerce ) Tj ET Q q 0 0 0 rg BT 305.49 167.30 Td (W) Tj ET Q q 0 0 0 rg BT 312.71 167.30 Td (est, ) Tj ET Q q 0 0 0 rg BT 327.68 167.30 Td (the ) Tj ET Q q 0 0 0 rg BT 340.92 167.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 358.53 167.30 Td ( ) Tj ET Q q 0 0 0 rg BT 360.93 167.30 Td (assumed ) Tj ET Q q 0 0 0 rg BT 394.95 167.30 Td (a ) Tj ET Q q 0 0 0 rg BT 401.69 167.30 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 437.01 167.30 Td (in ) Tj ET Q q 0 0 0 rg BT 445.48 167.30 Td (the ) Tj ET Q q 0 0 0 rg BT 458.72 167.30 Td (amount ) Tj ET Q q 0 0 0 rg BT 487.12 167.30 Td (of ) Tj ET Q q 0 0 0 rg BT 496.02 167.30 Td ($68.3 ) Tj ET Q q 0 0 0 rg BT 517.93 167.30 Td (million ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 155.90 Td (with ) Tj ET Q q 0 0 0 rg BT 88.52 155.90 Td (a ) Tj ET Q q 0 0 0 rg BT 95.52 155.90 Td (fixed ) Tj ET Q q 0 0 0 rg BT 114.65 155.90 Td (interest ) Tj ET Q q 0 0 0 rg BT 142.87 155.90 Td (rate ) Tj ET Q q 0 0 0 rg BT 158.97 155.90 Td (of ) Tj ET Q q 0 0 0 rg BT 168.14 155.90 Td (3.0%, ) Tj ET Q q 0 0 0 rg BT 190.73 155.90 Td (maturing ) Tj ET Q q 0 0 0 rg BT 223.71 155.90 Td (October ) Tj ET Q q 0 0 0 rg BT 254.10 155.90 Td (1, ) Tj ET Q q 0 0 0 rg BT 263.27 155.90 Td (2020. ) Tj ET Q q 0 0 0 rg BT 284.91 155.90 Td (As ) Tj ET Q q 0 0 0 rg BT 296.67 155.90 Td (the ) Tj ET Q q 0 0 0 rg BT 310.17 155.90 Td (interest ) Tj ET Q q 0 0 0 rg BT 338.39 155.90 Td (rate ) Tj ET Q q 0 0 0 rg BT 354.49 155.90 Td (assumed ) Tj ET Q q 0 0 0 rg BT 388.77 155.90 Td (on ) Tj ET Q q 0 0 0 rg BT 400.10 155.90 Td (the ) Tj ET Q q 0 0 0 rg BT 413.60 155.90 Td (debt ) Tj ET Q q 0 0 0 rg BT 431.44 155.90 Td (was ) Tj ET Q q 0 0 0 rg BT 447.96 155.90 Td (above ) Tj ET Q q 0 0 0 rg BT 471.86 155.90 Td (the ) Tj ET Q q 0 0 0 rg BT 485.36 155.90 Td (average ) Tj ET Q q 0 0 0 rg BT 516.18 155.90 Td (market ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 144.50 Td (interest ) Tj ET Q q 0 0 0 rg BT 99.62 144.50 Td (rate ) Tj ET Q q 0 0 0 rg BT 115.11 144.50 Td (on ) Tj ET Q q 0 0 0 rg BT 125.85 144.50 Td (comparable ) Tj ET Q q 0 0 0 rg BT 168.62 144.50 Td (debt, ) Tj ET Q q 0 0 0 rg BT 188.02 144.50 Td (the ) Tj ET Q q 0 0 0 rg BT 200.92 144.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 218.53 144.50 Td ( ) Tj ET Q q 0 0 0 rg BT 220.60 144.50 Td (has ) Tj ET Q q 0 0 0 rg BT 235.23 144.50 Td (recorded ) Tj ET Q q 0 0 0 rg BT 268.04 144.50 Td (a ) Tj ET Q q 0 0 0 rg BT 274.44 144.50 Td (mark-to-market ) Tj ET Q q 0 0 0 rg BT 329.32 144.50 Td (\("MTM"\) ) Tj ET Q q 0 0 0 rg BT 359.84 144.50 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 400.02 144.50 Td (on ) Tj ET Q q 0 0 0 rg BT 410.75 144.50 Td (the ) Tj ET Q q 0 0 0 rg BT 423.65 144.50 Td (debt ) Tj ET Q q 0 0 0 rg BT 440.89 144.50 Td (in ) Tj ET Q q 0 0 0 rg BT 449.02 144.50 Td (the ) Tj ET Q q 0 0 0 rg BT 461.92 144.50 Td (amount ) Tj ET Q q 0 0 0 rg BT 489.97 144.50 Td (of ) Tj ET Q q 0 0 0 rg BT 498.54 144.50 Td ($0.3 ) Tj ET Q q 0 0 0 rg BT 515.77 144.50 Td (million. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 127.10 Td (On ) Tj ET Q q 0 0 0 rg BT 84.63 127.10 Td (June ) Tj ET Q q 0 0 0 rg BT 103.76 127.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 116.83 127.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 138.56 127.10 Td (the ) Tj ET Q q 0 0 0 rg BT 151.63 127.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 169.24 127.10 Td ( ) Tj ET Q q 0 0 0 rg BT 171.48 127.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 209.66 127.10 Td (the ) Tj ET Q q 0 0 0 rg BT 222.73 127.10 Td (renewal ) Tj ET Q q 0 0 0 rg BT 252.24 127.10 Td (of ) Tj ET Q q 0 0 0 rg BT 260.97 127.10 Td (the ) Tj ET Q q 0 0 0 rg BT 274.04 127.10 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 299.41 127.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 341.94 127.10 Td ($105.0 ) Tj ET Q q 0 0 0 rg BT 368.00 127.10 Td (million ) Tj ET Q q 0 0 0 rg BT 392.31 127.10 Td (term ) Tj ET Q q 0 0 0 rg BT 410.13 127.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 427.10 127.10 Td (due ) Tj ET Q q 0 0 0 rg BT 442.33 127.10 Td (June ) Tj ET Q q 0 0 0 rg BT 461.46 127.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 474.53 127.10 Td (2017. ) Tj ET Q q 0 0 0 rg BT 496.12 127.10 Td (The ) Tj ET Q q 0 0 0 rg BT 511.78 127.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 533.50 127.10 Td (of ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 115.70 Td (the ) Tj ET Q q 0 0 0 rg BT 85.00 115.70 Td (renewal ) Tj ET Q q 0 0 0 rg BT 114.44 115.70 Td (provide ) Tj ET Q q 0 0 0 rg BT 142.16 115.70 Td (for ) Tj ET Q q 0 0 0 rg BT 153.42 115.70 Td (the ) Tj ET Q q 0 0 0 rg BT 166.41 115.70 Td (extension ) Tj ET Q q 0 0 0 rg BT 201.93 115.70 Td (of ) Tj ET Q q 0 0 0 rg BT 210.60 115.70 Td (the ) Tj ET Q q 0 0 0 rg BT 223.60 115.70 Td (term ) Tj ET Q q 0 0 0 rg BT 241.35 115.70 Td (loan ) Tj ET Q q 0 0 0 rg BT 258.24 115.70 Td (to ) Tj ET Q q 0 0 0 rg BT 266.91 115.70 Td (June ) Tj ET Q q 0 0 0 rg BT 285.97 115.70 Td (30, ) Tj ET Q q 0 0 0 rg BT 298.96 115.70 Td (2019 ) Tj ET Q q 0 0 0 rg BT 318.46 115.70 Td (and ) Tj ET Q q 0 0 0 rg BT 333.62 115.70 Td (an ) Tj ET Q q 0 0 0 rg BT 344.46 115.70 Td (increase ) Tj ET Q q 0 0 0 rg BT 376.07 115.70 Td (in ) Tj ET Q q 0 0 0 rg BT 384.30 115.70 Td (amount ) Tj ET Q q 0 0 0 rg BT 412.45 115.70 Td (to ) Tj ET Q q 0 0 0 rg BT 421.12 115.70 Td ($120.0 ) Tj ET Q q 0 0 0 rg BT 447.11 115.70 Td (million. ) Tj ET Q endstream endobj 27 0 obj <> endobj 28 0 obj <> stream BT /F3 14.00 Tf ET q 0 0 0 rg BT 49.50 769.35 Td ( ) Tj ET Q q 0 0 0 rg BT 67.50 769.35 Td ( SLA) Tj ET Q q 0 0 0 rg BT 92.81 769.35 Td (TE OFFICE REIT) Tj ET Q BT /F3 14.00 Tf ET q 0 0 0 rg BT 72.00 752.55 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 121.55 752.55 Td (O THE CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 304.38 752.55 Td (TED INTERIM FINANCIAL) Tj ET Q q 0 0 0 rg BT 442.55 752.55 Td ( ST) Tj ET Q q 0 0 0 rg BT 459.57 752.55 Td (A) Tj ET Q q 0 0 0 rg BT 467.01 752.55 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 740.55 Td (\(all tabular amounts are expressed in thousands of Canadian dollars, unless otherwise noted\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 728.55 Td (\(unaudited\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 301.25 42.95 Td (Page 12) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 695.10 Td (Debt held by the REIT) Tj ET Q q 0 0 0 rg BT 148.52 695.10 Td ( at ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 159.35 695.10 Td (June30, 2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 208.74 695.10 Td ( is as follows:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 681.6 m 179.5 681.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 71.5 638.6 m 179.5 638.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179.5 681.6 m 227.5 681.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 179.5 638.6 m 227.5 638.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 227.5 681.6 m 281.5 681.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 227.5 638.6 m 281.5 638.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 681.6 m 326.5 681.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 281.5 638.6 m 326.5 638.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 681.6 m 371.5 681.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 326.5 638.6 m 371.5 638.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 681.6 m 413.5 681.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 371.5 638.6 m 413.5 638.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 681.6 m 454.5 681.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 413.5 638.6 m 454.5 638.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 681.6 m 497.5 681.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 454.5 638.6 m 497.5 638.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 681.6 m 539.5 681.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 497.5 638.6 m 539.5 638.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 281.5 638.6 m 326.5 638.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 326.5 638.6 m 371.5 638.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 71.5 554.6 m 179.5 554.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 540.6 m 179.5 540.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 179.5 554.6 m 227.5 554.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 179.5 540.6 m 227.5 540.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 227.5 554.6 m 281.5 554.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 227.5 540.6 m 281.5 540.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 281.5 554.6 m 326.5 554.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 540.6 m 326.5 540.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 326.5 554.6 m 371.5 554.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 540.6 m 371.5 540.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 371.5 554.6 m 413.5 554.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 540.6 m 413.5 540.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 413.5 554.6 m 454.5 554.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 540.6 m 454.5 540.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 454.5 554.6 m 497.5 554.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 540.6 m 497.5 540.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 497.5 554.6 m 539.5 554.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 540.6 m 539.5 540.6 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 187.85 643.13 Td (Maturity) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 218.15 645.56 Td ( ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 235.10 643.13 Td (Coupon ) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 266.68 645.56 Td (\(4\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 284.20 671.63 Td (Properties) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 287.05 662.13 Td (provided) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 299.15 652.63 Td (as) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 288.55 643.13 Td (security) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 330.30 662.13 Td (Fair value) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 344.80 652.63 Td (of) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 333.55 643.13 Td (security) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 374.05 652.63 Td (Maximum) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 377.05 643.13 Td (available) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 418.05 643.13 Td (Principal) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 458.50 652.63 Td (Letters of) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 472.75 643.13 Td (credit) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 502.05 662.13 Td (A) Tj ET Q q 0 0 0 rg BT 507.39 662.13 Td (vailable ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 517.35 652.63 Td (to be ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 504.70 643.13 Td (drawn ) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 529.81 645.56 Td (\(5\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 74.00 629.13 Td (Mortgages ) Tj ET Q BT /F2 9.50 Tf ET BT /F2 6.17 Tf ET q 0 0 0 rg BT 112.98 631.56 Td (\(1\)\(2\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 192.10 628.83 Td (V) Tj ET Q q 0 0 0 rg BT 195.99 628.83 Td (arious ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 243.10 628.83 Td (V) Tj ET Q q 0 0 0 rg BT 246.99 628.83 Td (arious) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 299.15 629.13 Td (18) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 329.00 629.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 340.20 629.13 Td (627,212) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 374.00 629.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 382.20 629.13 Td (430,994) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 416.00 629.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 423.20 629.13 Td (430,994) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 457.00 629.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 486.60 629.13 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 500.00 629.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 528.60 629.13 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 74.00 615.13 Td (Revolving operating facility ) Tj ET Q BT /F2 9.50 Tf ET BT /F2 6.17 Tf ET q 0 0 0 rg BT 168.84 617.56 Td (\(3\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 183.10 614.83 Td (Jun. 30, 2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 236.00 614.83 Td (BA+200 bps) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 301.30 615.13 Td (8) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 340.20 615.13 Td (317,797) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 382.20 615.13 Td (202,875) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 423.20 615.13 Td (183,200) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 486.60 615.13 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 512.55 615.13 Td (19,675) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 74.00 601.13 Td (Revolving credit facility ) Tj ET Q BT /F2 9.50 Tf ET BT /F2 6.17 Tf ET q 0 0 0 rg BT 155.41 603.56 Td (\(3\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 182.80 600.83 Td (Nov) Tj ET Q q 0 0 0 rg BT 193.98 600.83 Td (. 30, 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 236.00 600.83 Td (BA+200 bps) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 301.30 601.13 Td (5) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 344.55 601.13 Td (77,684) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 386.55 601.13 Td (45,000) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 427.55 601.13 Td (16,500) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 474.90 601.13 Td (1,159) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 512.55 601.13 Td (27,341) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 74.00 587.13 Td (Construction facility) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 184.90 586.83 Td (May 4, 2021) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 230.75 586.83 Td (CDOR+300 bps) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 301.30 587.13 Td (1) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 344.55 587.13 Td (35,172) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 390.90 587.13 Td (7,501) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 443.60 587.13 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 486.60 587.13 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 516.90 587.13 Td (7,501) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 74.00 573.13 Td (Term loan) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 183.10 572.83 Td (Jun. 30, 2019) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 236.00 572.83 Td (BA+213 bps) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 301.30 573.13 Td (5) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 340.20 573.13 Td (163,208) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 382.20 573.13 Td (120,000) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 423.20 573.13 Td (120,000) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 486.60 573.13 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 528.60 573.13 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 74.00 559.13 Td (Other ) Tj ET Q BT /F2 9.50 Tf ET BT /F2 6.17 Tf ET q 0 0 0 rg BT 95.65 561.56 Td (\(6\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 185.10 558.83 Td (Oct. 1, 2025) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 244.65 558.83 Td (4.27%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 301.30 559.13 Td (1) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 344.55 559.13 Td (62,077) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 390.90 559.13 Td (2,623) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 431.90 559.13 Td (2,623) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 486.60 559.13 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 528.60 559.13 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 299.15 545.13 Td (38) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 329.00 545.13 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 333.70 545.13 Td (1,283,150) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 374.00 545.13 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 382.20 545.13 Td (808,993) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 416.00 545.13 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 423.20 545.13 Td (753,317) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 457.00 545.13 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 474.90 545.13 Td (1,159) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 500.00 545.13 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 512.55 545.13 Td (54,517) Tj ET Q BT /F1 10.00 Tf ET BT /F2 7.50 Tf ET q 0 0 0 rg BT 72.00 532.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 81.12 532.10 Td (The ) Tj ET Q q 0 0 0 rg BT 93.43 532.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 119.76 532.10 Td (average ) Tj ET Q q 0 0 0 rg BT 143.69 532.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 172.41 532.10 Td (term ) Tj ET Q q 0 0 0 rg BT 186.42 532.10 Td (to ) Tj ET Q q 0 0 0 rg BT 193.26 532.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 216.85 532.10 Td (of ) Tj ET Q q 0 0 0 rg BT 223.69 532.10 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 254.46 532.10 Td (is ) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 260.61 532.10 Td (4.3) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 269.16 532.10 Td ( ) Tj ET Q q 0 0 0 rg BT 270.87 532.10 Td (years ) Tj ET Q q 0 0 0 rg BT 287.62 532.10 Td (with ) Tj ET Q q 0 0 0 rg BT 300.27 532.10 Td (maturities ) Tj ET Q q 0 0 0 rg BT 328.64 532.10 Td (ranging ) Tj ET Q q 0 0 0 rg BT 350.87 532.10 Td (from ) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 364.88 532.10 Td (0.7) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 373.43 532.10 Td ( ) Tj ET Q q 0 0 0 rg BT 375.14 532.10 Td (to ) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 381.98 532.10 Td (13.3) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 393.95 532.10 Td ( ) Tj ET Q q 0 0 0 rg BT 395.66 532.10 Td (years. ) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 72.00 523.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 81.12 523.10 Td (The ) Tj ET Q q 0 0 0 rg BT 93.43 523.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 119.76 523.10 Td (average ) Tj ET Q q 0 0 0 rg BT 143.69 523.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 165.57 523.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 177.88 523.10 Td (of ) Tj ET Q q 0 0 0 rg BT 184.72 523.10 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 215.49 523.10 Td (is ) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 221.65 523.10 Td (3.43%) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 239.09 523.10 Td ( ) Tj ET Q q 0 0 0 rg BT 240.80 523.10 Td (with ) Tj ET Q q 0 0 0 rg BT 253.44 523.10 Td (coupons ) Tj ET Q q 0 0 0 rg BT 278.41 523.10 Td (ranging ) Tj ET Q q 0 0 0 rg BT 300.63 523.10 Td (from ) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 314.65 523.10 Td (2.65%) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 332.09 523.10 Td ( ) Tj ET Q q 0 0 0 rg BT 333.80 523.10 Td (to ) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 340.64 523.10 Td (4.95%) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 358.08 523.10 Td (.) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 72.00 514.10 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 81.23 514.10 Td (Stand-by ) Tj ET Q q 0 0 0 rg BT 107.55 514.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 120.89 514.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 144.82 514.10 Td (on ) Tj ET Q q 0 0 0 rg BT 153.37 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 163.63 514.10 Td (unutilized ) Tj ET Q q 0 0 0 rg BT 191.33 514.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 216.63 514.10 Td (on ) Tj ET Q q 0 0 0 rg BT 225.18 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 235.45 514.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 261.77 514.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 289.13 514.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 307.93 514.10 Td (and ) Tj ET Q q 0 0 0 rg BT 319.90 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 330.16 514.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 356.49 514.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 373.24 514.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 392.04 514.10 Td (is ) Tj ET Q q 0 0 0 rg BT 398.19 514.10 Td (0.40%, ) Tj ET Q q 0 0 0 rg BT 419.06 514.10 Td (charged ) Tj ET Q q 0 0 0 rg BT 442.99 514.10 Td (and ) Tj ET Q q 0 0 0 rg BT 454.96 514.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 468.30 514.10 Td (quarterly) Tj ET Q q 0 0 0 rg BT 491.78 514.10 Td (.) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 72.00 505.10 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 81.23 505.10 Td ("BA" ) Tj ET Q q 0 0 0 rg BT 95.50 505.10 Td (means ) Tj ET Q q 0 0 0 rg BT 115.68 505.10 Td (the ) Tj ET Q q 0 0 0 rg BT 125.94 505.10 Td (one-month ) Tj ET Q q 0 0 0 rg BT 157.05 505.10 Td (Bankers' ) Tj ET Q q 0 0 0 rg BT 182.17 505.10 Td (Acceptances ) Tj ET Q q 0 0 0 rg BT 219.10 505.10 Td (rate; ) Tj ET Q q 0 0 0 rg BT 233.12 505.10 Td ("CDOR" ) Tj ET Q q 0 0 0 rg BT 257.29 505.10 Td (means ) Tj ET Q q 0 0 0 rg BT 277.46 505.10 Td (the ) Tj ET Q q 0 0 0 rg BT 287.73 505.10 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 315.76 505.10 Td (Dealer ) Tj ET Q q 0 0 0 rg BT 335.59 505.10 Td (Of) Tj ET Q q 0 0 0 rg BT 341.98 505.10 Td (fered ) Tj ET Q q 0 0 0 rg BT 357.71 505.10 Td (Rate; ) Tj ET Q q 0 0 0 rg BT 374.12 505.10 Td ("bps" ) Tj ET Q q 0 0 0 rg BT 390.11 505.10 Td (means ) Tj ET Q q 0 0 0 rg BT 410.28 505.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 426.35 505.10 Td (point ) Tj ET Q q 0 0 0 rg BT 441.40 505.10 Td (or ) Tj ET Q q 0 0 0 rg BT 448.58 505.10 Td (1/100th ) Tj ET Q q 0 0 0 rg BT 470.81 505.10 Td (of ) Tj ET Q q 0 0 0 rg BT 477.65 505.10 Td (one ) Tj ET Q q 0 0 0 rg BT 489.63 505.10 Td (percent. ) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 72.00 496.10 Td (\(5\)) Tj ET Q BT /F2 7.50 Tf ET BT /F2 4.87 Tf ET q 0 0 0 rg BT 79.52 498.02 Td ( ) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 80.63 496.10 Td (Debt ) Tj ET Q q 0 0 0 rg BT 95.33 496.10 Td (is ) Tj ET Q q 0 0 0 rg BT 101.48 496.10 Td (only ) Tj ET Q q 0 0 0 rg BT 114.47 496.10 Td (available ) Tj ET Q q 0 0 0 rg BT 140.46 496.10 Td (to ) Tj ET Q q 0 0 0 rg BT 147.30 496.10 Td (be ) Tj ET Q q 0 0 0 rg BT 155.85 496.10 Td (drawn ) Tj ET Q q 0 0 0 rg BT 174.31 496.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 195.51 496.10 Td (to ) Tj ET Q q 0 0 0 rg BT 202.35 496.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 222.52 496.10 Td (covenants.) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 72.00 487.10 Td (\(6\) ) Tj ET Q q 0 0 0 rg BT 81.04 487.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 105.47 487.10 Td (by ) Tj ET Q q 0 0 0 rg BT 113.49 487.10 Td (the ) Tj ET Q q 0 0 0 rg BT 123.56 487.10 Td (Data ) Tj ET Q q 0 0 0 rg BT 138.07 487.10 Td (Centre, ) Tj ET Q q 0 0 0 rg BT 159.76 487.10 Td (which ) Tj ET Q q 0 0 0 rg BT 177.01 487.10 Td (is ) Tj ET Q q 0 0 0 rg BT 182.97 487.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 212.88 487.10 Td (for ) Tj ET Q q 0 0 0 rg BT 221.58 487.10 Td (as ) Tj ET Q q 0 0 0 rg BT 229.60 487.10 Td (a ) Tj ET Q q 0 0 0 rg BT 234.54 487.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 255.90 487.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 272.12 487.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 301.68 487.10 Td (and ) Tj ET Q q 0 0 0 rg BT 313.46 487.10 Td (not ) Tj ET Q q 0 0 0 rg BT 323.54 487.10 Td (included ) Tj ET Q q 0 0 0 rg BT 347.97 487.10 Td (in ) Tj ET Q q 0 0 0 rg BT 354.28 487.10 Td (the ) Tj ET Q q 0 0 0 rg BT 364.35 487.10 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 384.14 487.10 Td (properties. ) Tj ET Q q 0 0 0 rg BT 414.63 487.10 Td (The ) Tj ET Q q 0 0 0 rg BT 426.75 487.10 Td (value ) Tj ET Q q 0 0 0 rg BT 442.97 487.10 Td (above ) Tj ET Q q 0 0 0 rg BT 461.25 487.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 491.84 487.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.91 487.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 525.31 487.10 Td (value ) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 72.00 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 78.84 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 89.10 478.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 110.65 478.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 127.06 478.10 Td (receivable.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 460.70 Td (The ) Tj ET Q q 0 0 0 rg BT 87.59 460.70 Td (carrying ) Tj ET Q q 0 0 0 rg BT 117.46 460.70 Td (value ) Tj ET Q q 0 0 0 rg BT 138.26 460.70 Td (of ) Tj ET Q q 0 0 0 rg BT 146.92 460.70 Td (debt ) Tj ET Q q 0 0 0 rg BT 164.25 460.70 Td (held ) Tj ET Q q 0 0 0 rg BT 181.15 460.70 Td (by ) Tj ET Q q 0 0 0 rg BT 191.54 460.70 Td (the ) Tj ET Q q 0 0 0 rg BT 204.54 460.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 222.15 460.70 Td ( ) Tj ET Q q 0 0 0 rg BT 224.32 460.70 Td (at ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 232.98 460.70 Td (June30, ) Tj ET Q q 0 0 0 rg BT 265.04 460.70 Td (2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 282.37 460.70 Td ( ) Tj ET Q q 0 0 0 rg BT 284.54 460.70 Td (is ) Tj ET Q q 0 0 0 rg BT 292.33 460.70 Td (as ) Tj ET Q q 0 0 0 rg BT 302.73 460.70 Td (follows:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 444.2 m 203.5 444.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 71.5 392.2 m 203.5 392.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203.5 444.2 m 259.5 444.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 203.5 392.2 m 259.5 392.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 444.2 m 315.5 444.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 259.5 392.2 m 315.5 392.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 444.2 m 371.5 444.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315.5 392.2 m 371.5 392.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 444.2 m 427.5 444.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 371.5 392.2 m 427.5 392.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 444.2 m 483.5 444.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 427.5 392.2 m 483.5 392.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 444.2 m 539.5 444.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483.5 392.2 m 539.5 392.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 71.5 322.2 m 203.5 322.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 308.2 m 203.5 308.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 203.5 322.2 m 259.5 322.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203.5 308.2 m 259.5 308.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 259.5 322.2 m 315.5 322.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 308.2 m 315.5 308.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315.5 322.2 m 371.5 322.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 308.2 m 371.5 308.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 371.5 322.2 m 427.5 322.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 308.2 m 427.5 308.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 427.5 322.2 m 483.5 322.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 308.2 m 483.5 308.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 483.5 322.2 m 539.5 322.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483.5 308.2 m 539.5 308.2 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 220.90 396.73 Td ( Principal) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 279.10 434.73 Td ( Mark-to-) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 286.45 425.23 Td (market) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 281.65 415.73 Td (\("MTM"\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 266.10 406.23 Td (adjustments) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 275.60 396.73 Td (and costs) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 320.35 425.23 Td (Amortization) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 340.70 415.73 Td (of MTM) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 322.10 406.23 Td (adjustments) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 331.60 396.73 Td (and costs) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 389.80 406.23 Td ( Carrying) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 395.85 396.73 Td (amount) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 451.85 396.73 Td (Current) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 489.25 396.73 Td ( Non-current) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 74.00 382.73 Td (Mortgages) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 206.00 382.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 228.20 382.73 Td (430,994) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 262.00 382.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 299.40 382.78 Td (190) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 318.00 382.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 355.40 382.73 Td (290) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 374.00 382.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 396.20 382.73 Td (431,474) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 430.00 382.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 456.55 382.73 Td (84,237) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 486.00 382.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 508.20 382.73 Td (347,237) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 74.00 368.73 Td (Revolving operating facility) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 228.20 368.73 Td (183,200) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 290.30 368.78 Td (\(2,002) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 312.40 368.73 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 348.90 368.73 Td (1,274) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 396.20 368.73 Td (182,472) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 452.20 368.73 Td (182,472) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 528.60 368.73 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 74.00 354.73 Td (Revolving credit facility) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 232.50 354.73 Td (16,500) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 296.80 354.78 Td (\(655) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 312.40 354.73 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 355.40 354.73 Td (572) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 400.55 354.73 Td (16,417) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 456.55 354.73 Td (16,417) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 528.60 354.73 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 74.00 340.73 Td (Term loan) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 228.20 340.73 Td (120,000) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 296.80 340.78 Td (\(717) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 312.40 340.73 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 359.70 340.73 Td (73) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 396.20 340.73 Td (119,356) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 472.60 340.73 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 508.20 340.73 Td (119,356) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 74.00 326.73 Td (Other facility) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 236.90 326.78 Td (2,623) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 301.10 326.78 Td (\(36) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 312.40 326.73 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 364.05 326.78 Td (6) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 404.90 326.73 Td (2,593) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 467.40 326.73 Td (150) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 516.90 326.73 Td (2,443) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 206.00 312.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 228.20 312.73 Td (753,317) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 262.00 312.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 290.30 312.78 Td (\(3,220) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 312.40 312.73 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 318.00 312.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 348.90 312.73 Td (2,215) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 374.00 312.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 396.20 312.73 Td (752,312) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 430.00 312.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 452.20 312.73 Td (283,276) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 486.00 312.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 508.20 312.73 Td (469,036) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 291.30 Td (Debt held by the REIT) Tj ET Q q 0 0 0 rg BT 148.52 291.30 Td ( at ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 159.35 291.30 Td (December31, 2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 227.78 291.30 Td ( is as follows:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 280.79999999999995 m 180.5 280.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 241.79999999999995 m 180.5 241.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 180.5 280.79999999999995 m 228.5 280.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 180.5 241.79999999999995 m 228.5 241.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 280.79999999999995 m 281.5 280.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 228.5 241.79999999999995 m 281.5 241.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 280.79999999999995 m 326.5 280.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 281.5 241.79999999999995 m 326.5 241.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 280.79999999999995 m 372.5 280.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 326.5 241.79999999999995 m 372.5 241.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 280.79999999999995 m 414.5 280.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 372.5 241.79999999999995 m 414.5 241.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 280.79999999999995 m 455.5 280.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 414.5 241.79999999999995 m 455.5 241.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 280.79999999999995 m 498.5 280.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 455.5 241.79999999999995 m 498.5 241.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 280.79999999999995 m 540.5 280.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 241.79999999999995 m 540.5 241.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 281.5 241.79999999999995 m 326.5 241.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 326.5 241.79999999999995 m 372.5 241.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 157.79999999999995 m 180.5 157.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 180.5 157.79999999999995 m 228.5 157.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 228.5 157.79999999999995 m 281.5 157.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 281.5 157.79999999999995 m 326.5 157.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 326.5 157.79999999999995 m 372.5 157.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 372.5 157.79999999999995 m 414.5 157.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 414.5 157.79999999999995 m 455.5 157.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 455.5 157.79999999999995 m 498.5 157.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 498.5 157.79999999999995 m 540.5 157.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 143.79999999999995 m 180.5 143.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 180.5 143.79999999999995 m 228.5 143.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 143.79999999999995 m 281.5 143.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 143.79999999999995 m 326.5 143.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 143.79999999999995 m 372.5 143.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 143.79999999999995 m 414.5 143.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 143.79999999999995 m 455.5 143.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 143.79999999999995 m 498.5 143.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 143.79999999999995 m 540.5 143.79999999999995 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 188.85 246.33 Td (Maturity) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 235.60 246.33 Td (Coupon ) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 267.18 248.76 Td (\(4\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 284.20 271.38 Td (Properties) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 287.05 261.88 Td (provided) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 299.15 252.38 Td (as) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 288.55 242.93 Td (security) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 330.80 255.83 Td (Fair value) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 329.30 246.33 Td (of security) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 375.05 255.83 Td (Maximum) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 378.05 246.33 Td (available) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 419.05 246.33 Td (Principal) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 459.50 255.83 Td (Letters of) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 473.75 246.33 Td (credit) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 503.05 265.33 Td (A) Tj ET Q q 0 0 0 rg BT 508.39 265.33 Td (vailable ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 518.35 255.83 Td (to be ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 506.45 246.33 Td (drawn) Tj ET Q BT /F3 9.50 Tf ET BT /F3 6.17 Tf ET q 0 0 0 rg BT 529.39 248.76 Td ( \(5\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 232.33 Td (Mortgages ) Tj ET Q BT /F2 9.50 Tf ET BT /F2 6.17 Tf ET q 0 0 0 rg BT 113.98 234.76 Td (\(1\)\(2\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 193.10 232.03 Td (V) Tj ET Q q 0 0 0 rg BT 196.99 232.03 Td (arious ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 243.60 232.03 Td (V) Tj ET Q q 0 0 0 rg BT 247.49 232.03 Td (arious) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 299.15 232.33 Td (16) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 329.00 232.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 341.20 232.33 Td (385,848) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 375.00 232.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 383.20 232.33 Td (281,608) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 417.00 232.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 424.20 232.33 Td (281,608) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 458.00 232.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 487.60 232.33 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 501.00 232.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 529.60 232.33 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 218.33 Td (Revolving operating facility ) Tj ET Q BT /F2 9.50 Tf ET BT /F2 6.17 Tf ET q 0 0 0 rg BT 169.84 220.76 Td (\(3\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 184.10 218.03 Td (Jun. 30, 2018) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 236.50 218.03 Td (BA+200 bps) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 301.30 218.33 Td (8) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 341.20 218.33 Td (300,375) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 383.20 218.33 Td (210,546) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 424.20 218.33 Td (183,200) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 487.60 218.33 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 513.55 218.33 Td (27,346) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 204.33 Td (Revolving credit facility ) Tj ET Q BT /F2 9.50 Tf ET BT /F2 6.17 Tf ET q 0 0 0 rg BT 156.41 206.76 Td (\(3\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 183.80 204.03 Td (Nov. 30, 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 236.50 204.03 Td (BA+200 bps) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 301.30 204.33 Td (5) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 345.55 204.33 Td (76,361) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 387.55 204.33 Td (45,000) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 428.55 204.33 Td (33,000) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 475.90 204.33 Td (1,150) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 513.55 204.33 Td (10,850) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 190.33 Td (Construction facility) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 185.90 190.03 Td (May 4, 2021) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 231.25 190.03 Td (CDOR+300 bps) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 301.30 190.33 Td (1) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 345.55 190.33 Td (35,172) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 391.90 190.33 Td (7,501) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 444.60 190.33 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 487.60 190.33 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 517.90 190.33 Td (7,501) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 176.33 Td (Term loan) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 184.10 176.03 Td (Jun. 30, 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 236.50 176.03 Td (BA+213 bps) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 301.30 176.33 Td (3) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 341.20 176.33 Td (143,370) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 383.20 176.33 Td (105,000) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 424.20 176.33 Td (105,000) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 487.60 176.33 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 529.60 176.33 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 162.33 Td (Other facility ) Tj ET Q BT /F2 9.50 Tf ET BT /F2 6.17 Tf ET q 0 0 0 rg BT 120.47 164.76 Td (\(6\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 186.10 162.03 Td (Oct. 1, 2025) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 245.15 162.03 Td (4.27%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 301.30 162.33 Td (1) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 345.55 162.33 Td (63,156) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 391.90 162.33 Td (2,696) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 432.90 162.33 Td (2,696) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 487.60 162.33 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 529.60 162.33 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 299.15 148.33 Td (34) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 329.00 148.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 334.70 148.33 Td (1,004,282) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 375.00 148.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 383.20 148.33 Td (652,351) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 417.00 148.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 424.20 148.33 Td (605,504) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 458.00 148.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 475.90 148.33 Td (1,150) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 501.00 148.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 513.55 148.33 Td (45,697) Tj ET Q BT /F1 10.00 Tf ET BT /F2 7.50 Tf ET q 0 0 0 rg BT 72.00 135.30 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 81.12 135.30 Td (The ) Tj ET Q q 0 0 0 rg BT 93.43 135.30 Td (weighted ) Tj ET Q q 0 0 0 rg BT 119.76 135.30 Td (average ) Tj ET Q q 0 0 0 rg BT 143.69 135.30 Td (remaining ) Tj ET Q q 0 0 0 rg BT 172.41 135.30 Td (term ) Tj ET Q q 0 0 0 rg BT 186.42 135.30 Td (to ) Tj ET Q q 0 0 0 rg BT 193.26 135.30 Td (maturity ) Tj ET Q q 0 0 0 rg BT 216.85 135.30 Td (of ) Tj ET Q q 0 0 0 rg BT 223.69 135.30 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 254.46 135.30 Td (is ) Tj ET Q q 0 0 0 rg BT 260.61 135.30 Td (5.9 ) Tj ET Q q 0 0 0 rg BT 270.87 135.30 Td (years ) Tj ET Q q 0 0 0 rg BT 287.62 135.30 Td (with ) Tj ET Q q 0 0 0 rg BT 300.27 135.30 Td (maturities ) Tj ET Q q 0 0 0 rg BT 328.64 135.30 Td (ranging ) Tj ET Q q 0 0 0 rg BT 350.87 135.30 Td (from ) Tj ET Q q 0 0 0 rg BT 364.88 135.30 Td (0.3 ) Tj ET Q q 0 0 0 rg BT 375.14 135.30 Td (to ) Tj ET Q q 0 0 0 rg BT 381.98 135.30 Td (13.8 ) Tj ET Q q 0 0 0 rg BT 395.66 135.30 Td (years. ) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 72.00 126.30 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 81.12 126.30 Td (The ) Tj ET Q q 0 0 0 rg BT 93.43 126.30 Td (weighted ) Tj ET Q q 0 0 0 rg BT 119.76 126.30 Td (average ) Tj ET Q q 0 0 0 rg BT 143.69 126.30 Td (interest ) Tj ET Q q 0 0 0 rg BT 165.57 126.30 Td (rate ) Tj ET Q q 0 0 0 rg BT 177.88 126.30 Td (of ) Tj ET Q q 0 0 0 rg BT 184.72 126.30 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 215.49 126.30 Td (is ) Tj ET Q q 0 0 0 rg BT 221.65 126.30 Td (3.64% ) Tj ET Q q 0 0 0 rg BT 240.80 126.30 Td (with ) Tj ET Q q 0 0 0 rg BT 253.44 126.30 Td (coupons ) Tj ET Q q 0 0 0 rg BT 278.41 126.30 Td (ranging ) Tj ET Q q 0 0 0 rg BT 300.63 126.30 Td (from ) Tj ET Q q 0 0 0 rg BT 314.65 126.30 Td (2.65% ) Tj ET Q q 0 0 0 rg BT 333.80 126.30 Td (to ) Tj ET Q q 0 0 0 rg BT 340.64 126.30 Td (4.95%.) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 72.00 117.30 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 81.23 117.30 Td (Stand-by ) Tj ET Q q 0 0 0 rg BT 107.55 117.30 Td (fees ) Tj ET Q q 0 0 0 rg BT 120.89 117.30 Td (incurred ) Tj ET Q q 0 0 0 rg BT 144.82 117.30 Td (on ) Tj ET Q q 0 0 0 rg BT 153.37 117.30 Td (the ) Tj ET Q q 0 0 0 rg BT 163.63 117.30 Td (unutilized ) Tj ET Q q 0 0 0 rg BT 191.33 117.30 Td (amounts ) Tj ET Q q 0 0 0 rg BT 216.63 117.30 Td (on ) Tj ET Q q 0 0 0 rg BT 225.18 117.30 Td (the ) Tj ET Q q 0 0 0 rg BT 235.45 117.30 Td (revolving ) Tj ET Q q 0 0 0 rg BT 261.77 117.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 289.13 117.30 Td (facility ) Tj ET Q q 0 0 0 rg BT 307.93 117.30 Td (and ) Tj ET Q q 0 0 0 rg BT 319.90 117.30 Td (the ) Tj ET Q q 0 0 0 rg BT 330.16 117.30 Td (revolving ) Tj ET Q q 0 0 0 rg BT 356.49 117.30 Td (credit ) Tj ET Q q 0 0 0 rg BT 373.24 117.30 Td (facility ) Tj ET Q q 0 0 0 rg BT 392.04 117.30 Td (is ) Tj ET Q q 0 0 0 rg BT 398.19 117.30 Td (0.40%, ) Tj ET Q q 0 0 0 rg BT 419.06 117.30 Td (charged ) Tj ET Q q 0 0 0 rg BT 442.99 117.30 Td (and ) Tj ET Q q 0 0 0 rg BT 454.96 117.30 Td (paid ) Tj ET Q q 0 0 0 rg BT 468.30 117.30 Td (quarterly) Tj ET Q q 0 0 0 rg BT 491.78 117.30 Td (.) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 72.00 108.30 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 81.23 108.30 Td ("BA" ) Tj ET Q q 0 0 0 rg BT 95.50 108.30 Td (means ) Tj ET Q q 0 0 0 rg BT 115.68 108.30 Td (the ) Tj ET Q q 0 0 0 rg BT 125.94 108.30 Td (one-month ) Tj ET Q q 0 0 0 rg BT 157.05 108.30 Td (Bankers' ) Tj ET Q q 0 0 0 rg BT 182.17 108.30 Td (Acceptances ) Tj ET Q q 0 0 0 rg BT 219.10 108.30 Td (rate; ) Tj ET Q q 0 0 0 rg BT 233.12 108.30 Td ("CDOR" ) Tj ET Q q 0 0 0 rg BT 257.29 108.30 Td (means ) Tj ET Q q 0 0 0 rg BT 277.46 108.30 Td (the ) Tj ET Q q 0 0 0 rg BT 287.73 108.30 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 315.76 108.30 Td (Dealer ) Tj ET Q q 0 0 0 rg BT 335.59 108.30 Td (Of) Tj ET Q q 0 0 0 rg BT 341.98 108.30 Td (fered ) Tj ET Q q 0 0 0 rg BT 357.71 108.30 Td (Rate; ) Tj ET Q q 0 0 0 rg BT 374.12 108.30 Td ("bps" ) Tj ET Q q 0 0 0 rg BT 390.11 108.30 Td (means ) Tj ET Q q 0 0 0 rg BT 410.28 108.30 Td (basis ) Tj ET Q q 0 0 0 rg BT 426.35 108.30 Td (point ) Tj ET Q q 0 0 0 rg BT 441.40 108.30 Td (or ) Tj ET Q q 0 0 0 rg BT 448.58 108.30 Td (1/100th ) Tj ET Q q 0 0 0 rg BT 470.81 108.30 Td (of ) Tj ET Q q 0 0 0 rg BT 477.65 108.30 Td (one ) Tj ET Q q 0 0 0 rg BT 489.63 108.30 Td (percent. ) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 72.00 99.30 Td (\(5\)) Tj ET Q BT /F2 7.50 Tf ET BT /F2 4.87 Tf ET q 0 0 0 rg BT 79.52 101.22 Td ( ) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 80.63 99.30 Td (Debt ) Tj ET Q q 0 0 0 rg BT 95.33 99.30 Td (is ) Tj ET Q q 0 0 0 rg BT 101.48 99.30 Td (only ) Tj ET Q q 0 0 0 rg BT 114.47 99.30 Td (available ) Tj ET Q q 0 0 0 rg BT 140.46 99.30 Td (to ) Tj ET Q q 0 0 0 rg BT 147.30 99.30 Td (be ) Tj ET Q q 0 0 0 rg BT 155.85 99.30 Td (drawn ) Tj ET Q q 0 0 0 rg BT 174.31 99.30 Td (subject ) Tj ET Q q 0 0 0 rg BT 195.51 99.30 Td (to ) Tj ET Q q 0 0 0 rg BT 202.35 99.30 Td (certain ) Tj ET Q q 0 0 0 rg BT 222.52 99.30 Td (covenants. ) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 72.00 90.30 Td (\(6\) ) Tj ET Q q 0 0 0 rg BT 81.37 90.30 Td (Other ) Tj ET Q q 0 0 0 rg BT 98.61 90.30 Td (facility ) Tj ET Q q 0 0 0 rg BT 117.55 90.30 Td (is ) Tj ET Q q 0 0 0 rg BT 123.85 90.30 Td (secured ) Tj ET Q q 0 0 0 rg BT 147.58 90.30 Td (by ) Tj ET Q q 0 0 0 rg BT 155.93 90.30 Td (the ) Tj ET Q q 0 0 0 rg BT 166.33 90.30 Td (Data ) Tj ET Q q 0 0 0 rg BT 181.17 90.30 Td (Centre, ) Tj ET Q q 0 0 0 rg BT 203.19 90.30 Td (which ) Tj ET Q q 0 0 0 rg BT 220.77 90.30 Td (is ) Tj ET Q q 0 0 0 rg BT 227.06 90.30 Td (accounted ) Tj ET Q q 0 0 0 rg BT 257.30 90.30 Td (for ) Tj ET Q q 0 0 0 rg BT 266.33 90.30 Td (as ) Tj ET Q q 0 0 0 rg BT 274.68 90.30 Td (a ) Tj ET Q q 0 0 0 rg BT 279.95 90.30 Td (finance ) Tj ET Q q 0 0 0 rg BT 301.64 90.30 Td (lease ) Tj ET Q q 0 0 0 rg BT 318.20 90.30 Td (receivable ) Tj ET Q q 0 0 0 rg BT 348.08 90.30 Td (and ) Tj ET Q q 0 0 0 rg BT 360.20 90.30 Td (not ) Tj ET Q q 0 0 0 rg BT 370.60 90.30 Td (included ) Tj ET Q q 0 0 0 rg BT 395.37 90.30 Td (in ) Tj ET Q q 0 0 0 rg BT 402.00 90.30 Td (the ) Tj ET Q q 0 0 0 rg BT 412.41 90.30 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 432.52 90.30 Td (properties. ) Tj ET Q q 0 0 0 rg BT 463.32 90.30 Td (The ) Tj ET Q q 0 0 0 rg BT 475.77 90.30 Td (value ) Tj ET Q q 0 0 0 rg BT 492.33 90.30 Td (above ) Tj ET Q q 0 0 0 rg BT 510.94 90.30 Td (represents ) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 72.00 81.30 Td (the ) Tj ET Q q 0 0 0 rg BT 82.26 81.30 Td (carrying ) Tj ET Q q 0 0 0 rg BT 105.85 81.30 Td (value ) Tj ET Q q 0 0 0 rg BT 122.26 81.30 Td (of ) Tj ET Q q 0 0 0 rg BT 129.10 81.30 Td (the ) Tj ET Q q 0 0 0 rg BT 139.36 81.30 Td (finance ) Tj ET Q q 0 0 0 rg BT 160.91 81.30 Td (lease ) Tj ET Q q 0 0 0 rg BT 177.32 81.30 Td (receivable.) Tj ET Q endstream endobj 29 0 obj <> endobj 30 0 obj <> stream BT /F3 14.00 Tf ET q 0 0 0 rg BT 49.50 769.35 Td ( ) Tj ET Q q 0 0 0 rg BT 67.50 769.35 Td ( SLA) Tj ET Q q 0 0 0 rg BT 92.81 769.35 Td (TE OFFICE REIT) Tj ET Q BT /F3 14.00 Tf ET q 0 0 0 rg BT 72.00 752.55 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 121.55 752.55 Td (O THE CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 304.38 752.55 Td (TED INTERIM FINANCIAL) Tj ET Q q 0 0 0 rg BT 442.55 752.55 Td ( ST) Tj ET Q q 0 0 0 rg BT 459.57 752.55 Td (A) Tj ET Q q 0 0 0 rg BT 467.01 752.55 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 740.55 Td (\(all tabular amounts are expressed in thousands of Canadian dollars, unless otherwise noted\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 728.55 Td (\(unaudited\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 301.25 42.95 Td (Page 13) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 695.10 Td (The carrying value of debt held by the REIT) Tj ET Q q 0 0 0 rg BT 222.15 695.10 Td ( as at ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 243.38 695.10 Td (December31, 2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 311.80 695.10 Td ( is as follows:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 684.6 m 204.5 684.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 204.5 684.6 m 260.5 684.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 684.6 m 320.5 684.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 684.6 m 381.5 684.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 684.6 m 431.5 684.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 684.6 m 486.5 684.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 684.6 m 540.5 684.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 641.6 m 204.5 641.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 204.5 641.6 m 260.5 641.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 260.5 641.6 m 320.5 641.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 320.5 641.6 m 381.5 641.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 381.5 641.6 m 431.5 641.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431.5 641.6 m 486.5 641.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 486.5 641.6 m 540.5 641.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 571.6 m 204.5 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 557.6 m 204.5 557.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 204.5 571.6 m 260.5 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 204.5 557.6 m 260.5 557.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 260.5 571.6 m 320.5 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 557.6 m 320.5 557.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 320.5 571.6 m 381.5 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 557.6 m 381.5 557.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 381.5 571.6 m 431.5 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 557.6 m 431.5 557.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 431.5 571.6 m 486.5 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 557.6 m 486.5 557.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 486.5 571.6 m 540.5 571.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 557.6 m 540.5 557.6 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 221.90 646.13 Td ( Principal) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 297.05 665.13 Td ( MTM) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 271.10 655.63 Td (adjustments) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 280.60 646.13 Td (and costs) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 330.35 674.63 Td (Amortization) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 350.70 665.13 Td (of MTM) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 332.10 655.63 Td (adjustments) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 341.60 646.13 Td (and costs) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.80 655.63 Td ( Carrying) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 399.85 646.13 Td (amount) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 454.85 646.13 Td (Current) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 490.25 646.13 Td ( Non-current) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 632.13 Td (Mortgages) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 207.00 632.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 229.20 632.13 Td (281,608) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 263.00 632.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 304.40 632.18 Td (406) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 323.00 632.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 365.40 632.13 Td (302) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 384.00 632.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 400.20 632.13 Td (282,316) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 434.00 632.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 463.90 632.13 Td (4,367) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 489.00 632.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 509.20 632.13 Td (277,949) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 618.13 Td (Revolving operating facility) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 229.20 618.13 Td (183,200) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 295.30 618.18 Td (\(1,962) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 317.40 618.13 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 365.40 618.13 Td (938) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 400.20 618.13 Td (182,176) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 475.60 618.13 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 509.20 618.13 Td (182,176) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 604.13 Td (Revolving credit facility) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 233.50 604.13 Td (33,000) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 301.80 604.18 Td (\(655) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 317.40 604.13 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 365.40 604.13 Td (472) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 404.55 604.13 Td (32,817) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 459.55 604.13 Td (32,817) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 529.60 604.13 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 590.13 Td (Term loan) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 229.20 590.13 Td (105,000) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 306.10 590.18 Td (\(66) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 317.40 590.13 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 369.70 590.13 Td (46) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 400.20 590.13 Td (104,980) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 455.20 590.13 Td (104,980) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 529.60 590.13 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 576.13 Td (Other facility) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 237.90 576.18 Td (2,696) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 306.10 576.18 Td (\(36) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 317.40 576.13 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 374.05 576.18 Td (4) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 408.90 576.13 Td (2,664) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 470.40 576.13 Td (145) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 517.90 576.13 Td (2,519) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 207.00 562.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 229.20 562.13 Td (605,504) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 263.00 562.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 295.30 562.18 Td (\(2,313) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 317.40 562.13 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 323.00 562.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 358.90 562.13 Td (1,762) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 384.00 562.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 400.20 562.13 Td (604,953) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 434.00 562.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 455.20 562.13 Td (142,309) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 489.00 562.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 509.20 562.13 Td (462,644) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 540.70 Td (Future ) Tj ET Q q 0 0 0 rg BT 96.96 540.70 Td (principal ) Tj ET Q q 0 0 0 rg BT 128.42 540.70 Td (payments ) Tj ET Q q 0 0 0 rg BT 164.64 540.70 Td (and ) Tj ET Q q 0 0 0 rg BT 180.08 540.70 Td (maturity ) Tj ET Q q 0 0 0 rg BT 210.24 540.70 Td (schedule, ) Tj ET Q q 0 0 0 rg BT 246.03 540.70 Td (excluding ) Tj ET Q q 0 0 0 rg BT 281.40 540.70 Td (amortization ) Tj ET Q q 0 0 0 rg BT 326.28 540.70 Td (of ) Tj ET Q q 0 0 0 rg BT 335.22 540.70 Td (mark-to-market ) Tj ET Q q 0 0 0 rg BT 390.47 540.70 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 434.93 540.70 Td (and ) Tj ET Q q 0 0 0 rg BT 450.37 540.70 Td (transaction ) Tj ET Q q 0 0 0 rg BT 490.93 540.70 Td (costs, ) Tj ET Q q 0 0 0 rg BT 513.73 540.70 Td (on ) Tj ET Q q 0 0 0 rg BT 524.84 540.70 Td (debt ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 529.30 Td (as ) Tj ET Q q 0 0 0 rg BT 82.40 529.30 Td (at ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 91.06 529.30 Td (June30, ) Tj ET Q q 0 0 0 rg BT 123.12 529.30 Td (2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 140.45 529.30 Td ( ) Tj ET Q q 0 0 0 rg BT 142.62 529.30 Td (are ) Tj ET Q q 0 0 0 rg BT 156.04 529.30 Td (as ) Tj ET Q q 0 0 0 rg BT 166.44 529.30 Td (follows:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 518.8 m 485.5 518.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 518.8 m 539.5 518.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 71.5 428.8 m 485.5 428.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 485.5 428.8 m 539.5 428.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 413.8 m 485.5 413.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 413.8 m 539.5 413.8 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 74.00 508.33 Td (Remainder of 2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 488.00 508.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 512.55 508.33 Td (21,148) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 74.00 493.33 Td (2018) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 508.20 493.33 Td (266,589) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 74.00 478.33 Td (2019) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 508.20 478.33 Td (137,892) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 74.00 463.33 Td (2020) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 512.55 463.33 Td (68,070) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 74.00 448.33 Td (2021) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 508.20 448.33 Td (185,301) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 74.00 433.33 Td (Thereafter) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 512.55 433.33 Td (74,317) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 488.00 418.33 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 508.20 418.33 Td (753,317) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 72.00 393.90 Td (1) Tj ET Q q 0 0 0 rg BT 75.91 393.90 Td (1. ) Tj ET Q q 0 0 0 rg BT 84.57 393.90 Td ( ) Tj ET Q q 0 0 0 rg BT 86.74 393.90 Td ( ) Tj ET Q q 0 0 0 rg BT 88.90 393.90 Td ( ) Tj ET Q q 0 0 0 rg BT 91.07 393.90 Td ( ) Tj ET Q q 0 0 0 rg BT 93.24 393.90 Td ( ) Tj ET Q q 0 0 0 rg BT 95.40 393.90 Td ( ) Tj ET Q q 0 0 0 rg BT 97.57 393.90 Td (Other ) Tj ET Q q 0 0 0 rg BT 120.51 393.90 Td (liabilities) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 376.50 Td (Other liabilities are comprised the following: ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 366 m 390.5 366 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 352 m 390.5 352 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 366 m 465.5 366 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 352 m 465.5 352 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 366 m 540.5 366 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 352 m 540.5 352 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 352 m 465.5 352 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 352 m 540.5 352 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 310 m 390.5 310 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 310 m 465.5 310 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 310 m 540.5 310 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 296 m 390.5 296 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 296 m 465.5 296 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 296 m 540.5 296 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 411.30 356.53 Td (June 30, 2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 468.55 356.53 Td (December 31, 2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 342.53 Td (Security deposits) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.00 342.53 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 442.90 342.53 Td (5,232) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 468.00 342.53 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 517.90 342.53 Td (4,922) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 328.53 Td (Provisions) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 442.90 328.53 Td (1,298) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 517.90 328.53 Td (1,298) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 314.53 Td (Investment tax credit payable) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 449.40 314.53 Td (676) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 524.40 314.53 Td (651) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.00 300.53 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 442.90 300.53 Td (7,206) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 468.00 300.53 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 517.90 300.53 Td (6,871) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 279.10 Td (Other liabilities have been classified between current and non-current as follows:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 262.6 m 389.5 262.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 71.5 248.60000000000002 m 389.5 248.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 262.6 m 464.5 262.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 389.5 248.60000000000002 m 464.5 248.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 262.6 m 539.5 262.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 248.60000000000002 m 539.5 248.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 389.5 248.60000000000002 m 464.5 248.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 248.60000000000002 m 539.5 248.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 71.5 220.60000000000002 m 389.5 220.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 206.60000000000002 m 389.5 206.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 389.5 220.60000000000002 m 464.5 220.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 206.60000000000002 m 464.5 206.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 220.60000000000002 m 539.5 220.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 206.60000000000002 m 539.5 206.60000000000002 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 410.30 253.13 Td (June 30, 2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 467.55 253.13 Td (December 31, 2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 74.00 239.13 Td (Current) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 392.00 239.13 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 441.90 239.13 Td (2,989) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 467.00 239.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 516.90 239.13 Td (2,852) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 74.00 225.13 Td (Non-current) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 441.90 225.13 Td (4,217) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 516.90 225.13 Td (4,019) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 392.00 211.13 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 441.90 211.13 Td (7,206) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 467.00 211.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 516.90 211.13 Td (6,871) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 189.70 Td (The ) Tj ET Q q 0 0 0 rg BT 87.75 189.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 105.36 189.70 Td ( ) Tj ET Q q 0 0 0 rg BT 107.69 189.70 Td (is ) Tj ET Q q 0 0 0 rg BT 115.65 189.70 Td (eligible ) Tj ET Q q 0 0 0 rg BT 142.23 189.70 Td (to ) Tj ET Q q 0 0 0 rg BT 151.06 189.70 Td (receive ) Tj ET Q q 0 0 0 rg BT 178.50 189.70 Td (a ) Tj ET Q q 0 0 0 rg BT 185.17 189.70 Td (Manitoba ) Tj ET Q q 0 0 0 rg BT 219.54 189.70 Td (data ) Tj ET Q q 0 0 0 rg BT 237.04 189.70 Td (processing ) Tj ET Q q 0 0 0 rg BT 277.04 189.70 Td (investment ) Tj ET Q q 0 0 0 rg BT 317.05 189.70 Td (tax ) Tj ET Q q 0 0 0 rg BT 329.77 189.70 Td (credit ) Tj ET Q q 0 0 0 rg BT 351.16 189.70 Td (in ) Tj ET Q q 0 0 0 rg BT 359.55 189.70 Td (connection ) Tj ET Q q 0 0 0 rg BT 399.56 189.70 Td (with ) Tj ET Q q 0 0 0 rg BT 415.74 189.70 Td (the ) Tj ET Q q 0 0 0 rg BT 428.90 189.70 Td (development ) Tj ET Q q 0 0 0 rg BT 475.85 189.70 Td (of ) Tj ET Q q 0 0 0 rg BT 484.67 189.70 Td (the ) Tj ET Q q 0 0 0 rg BT 497.83 189.70 Td (Data ) Tj ET Q q 0 0 0 rg BT 516.62 189.70 Td (Centre ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 178.30 Td (\(note ) Tj ET Q q 0 0 0 rg BT 91.74 178.30 Td (8\). ) Tj ET Q q 0 0 0 rg BT 102.70 178.30 Td (The ) Tj ET Q q 0 0 0 rg BT 118.11 178.30 Td (portion ) Tj ET Q q 0 0 0 rg BT 143.92 178.30 Td (of ) Tj ET Q q 0 0 0 rg BT 152.40 178.30 Td (the ) Tj ET Q q 0 0 0 rg BT 165.22 178.30 Td (tax ) Tj ET Q q 0 0 0 rg BT 177.60 178.30 Td (credit ) Tj ET Q q 0 0 0 rg BT 198.64 178.30 Td (payable ) Tj ET Q q 0 0 0 rg BT 227.92 178.30 Td (to ) Tj ET Q q 0 0 0 rg BT 236.41 178.30 Td (the ) Tj ET Q q 0 0 0 rg BT 249.22 178.30 Td (tenant ) Tj ET Q q 0 0 0 rg BT 272.87 178.30 Td (of ) Tj ET Q q 0 0 0 rg BT 281.36 178.30 Td (the ) Tj ET Q q 0 0 0 rg BT 294.18 178.30 Td (Data ) Tj ET Q q 0 0 0 rg BT 312.62 178.30 Td (Centre ) Tj ET Q q 0 0 0 rg BT 337.98 178.30 Td (will ) Tj ET Q q 0 0 0 rg BT 350.78 178.30 Td (be ) Tj ET Q q 0 0 0 rg BT 361.44 178.30 Td (paid ) Tj ET Q q 0 0 0 rg BT 378.15 178.30 Td (as ) Tj ET Q q 0 0 0 rg BT 388.37 178.30 Td (the ) Tj ET Q q 0 0 0 rg BT 401.19 178.30 Td (credits ) Tj ET Q q 0 0 0 rg BT 426.12 178.30 Td (are ) Tj ET Q q 0 0 0 rg BT 439.37 178.30 Td (received ) Tj ET Q q 0 0 0 rg BT 470.80 178.30 Td (through ) Tj ET Q q 0 0 0 rg BT 499.21 178.30 Td (to ) Tj ET Q q 0 0 0 rg BT 507.69 178.30 Td (2029 ) Tj ET Q q 0 0 0 rg BT 527.01 178.30 Td (and ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 166.90 Td (has ) Tj ET Q q 0 0 0 rg BT 86.73 166.90 Td (been ) Tj ET Q q 0 0 0 rg BT 106.22 166.90 Td (recorded ) Tj ET Q q 0 0 0 rg BT 139.14 166.90 Td (in ) Tj ET Q q 0 0 0 rg BT 147.37 166.90 Td (other ) Tj ET Q q 0 0 0 rg BT 167.29 166.90 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 198.90 166.90 Td (at ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 207.57 166.90 Td (June30, ) Tj ET Q q 0 0 0 rg BT 239.62 166.90 Td (2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 256.95 166.90 Td ( ) Tj ET Q q 0 0 0 rg BT 259.12 166.90 Td (at ) Tj ET Q q 0 0 0 rg BT 267.79 166.90 Td (its ) Tj ET Q q 0 0 0 rg BT 277.75 166.90 Td (discounted ) Tj ET Q q 0 0 0 rg BT 317.60 166.90 Td (amount ) Tj ET Q q 0 0 0 rg BT 345.75 166.90 Td (determined ) Tj ET Q q 0 0 0 rg BT 386.89 166.90 Td (upon ) Tj ET Q q 0 0 0 rg BT 406.39 166.90 Td (establishment ) Tj ET Q q 0 0 0 rg BT 456.63 166.90 Td (of ) Tj ET Q q 0 0 0 rg BT 465.29 166.90 Td (the ) Tj ET Q q 0 0 0 rg BT 478.29 166.90 Td (liability) Tj ET Q q 0 0 0 rg BT 501.10 166.90 Td (. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 72.00 149.50 Td (12. ) Tj ET Q q 0 0 0 rg BT 85.00 149.50 Td ( ) Tj ET Q q 0 0 0 rg BT 87.16 149.50 Td ( ) Tj ET Q q 0 0 0 rg BT 89.33 149.50 Td ( ) Tj ET Q q 0 0 0 rg BT 91.50 149.50 Td ( ) Tj ET Q q 0 0 0 rg BT 93.66 149.50 Td ( ) Tj ET Q q 0 0 0 rg BT 95.83 149.50 Td ( ) Tj ET Q q 0 0 0 rg BT 98.00 149.50 Td (Derivatives) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 132.10 Td (The ) Tj ET Q q 0 0 0 rg BT 87.59 132.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 105.20 132.10 Td ( ) Tj ET Q q 0 0 0 rg BT 107.37 132.10 Td (has ) Tj ET Q q 0 0 0 rg BT 122.09 132.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 150.68 132.10 Td (into ) Tj ET Q q 0 0 0 rg BT 165.41 132.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 193.13 132.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 208.72 132.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 248.13 132.10 Td (to ) Tj ET Q q 0 0 0 rg BT 256.79 132.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 282.78 132.10 Td (the ) Tj ET Q q 0 0 0 rg BT 295.78 132.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 320.89 132.10 Td (of ) Tj ET Q q 0 0 0 rg BT 329.56 132.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 357.27 132.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 372.87 132.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 387.15 132.10 Td (of ) Tj ET Q q 0 0 0 rg BT 395.81 132.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 421.37 132.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 438.70 132.10 Td (with ) Tj ET Q q 0 0 0 rg BT 454.71 132.10 Td (floating ) Tj ET Q q 0 0 0 rg BT 482.00 132.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 509.72 132.10 Td (rates. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 114.70 Td (The ) Tj ET Q q 0 0 0 rg BT 87.90 114.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 105.51 114.70 Td ( ) Tj ET Q q 0 0 0 rg BT 107.98 114.70 Td (currently ) Tj ET Q q 0 0 0 rg BT 140.33 114.70 Td (has ) Tj ET Q q 0 0 0 rg BT 155.36 114.70 Td (in ) Tj ET Q q 0 0 0 rg BT 163.90 114.70 Td (place ) Tj ET Q q 0 0 0 rg BT 185.00 114.70 Td (certain ) Tj ET Q q 0 0 0 rg BT 210.85 114.70 Td (pay ) Tj ET Q q 0 0 0 rg BT 225.89 114.70 Td (fix ) Tj ET Q q 0 0 0 rg BT 236.15 114.70 Td (and ) Tj ET Q q 0 0 0 rg BT 251.62 114.70 Td (receive ) Tj ET Q q 0 0 0 rg BT 279.21 114.70 Td (float ) Tj ET Q q 0 0 0 rg BT 296.41 114.70 Td (interest ) Tj ET Q q 0 0 0 rg BT 324.44 114.70 Td (rate ) Tj ET Q q 0 0 0 rg BT 340.34 114.70 Td (swaps ) Tj ET Q q 0 0 0 rg BT 364.89 114.70 Td (and ) Tj ET Q q 0 0 0 rg BT 380.36 114.70 Td (an ) Tj ET Q q 0 0 0 rg BT 391.50 114.70 Td (interest ) Tj ET Q q 0 0 0 rg BT 419.52 114.70 Td (rate ) Tj ET Q q 0 0 0 rg BT 435.42 114.70 Td (cap. ) Tj ET Q q 0 0 0 rg BT 452.47 114.70 Td (The ) Tj ET Q q 0 0 0 rg BT 468.36 114.70 Td (swaps ) Tj ET Q q 0 0 0 rg BT 492.92 114.70 Td (are ) Tj ET Q q 0 0 0 rg BT 506.65 114.70 Td (derivative ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 103.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 102.91 103.30 Td (instruments ) Tj ET Q q 0 0 0 rg BT 145.50 103.30 Td (that ) Tj ET Q q 0 0 0 rg BT 160.82 103.30 Td (require ) Tj ET Q q 0 0 0 rg BT 187.40 103.30 Td (a ) Tj ET Q q 0 0 0 rg BT 194.05 103.30 Td (periodic ) Tj ET Q q 0 0 0 rg BT 223.66 103.30 Td (exchange ) Tj ET Q q 0 0 0 rg BT 259.77 103.30 Td (of ) Tj ET Q q 0 0 0 rg BT 268.59 103.30 Td (payments ) Tj ET Q q 0 0 0 rg BT 304.70 103.30 Td (with ) Tj ET Q q 0 0 0 rg BT 320.87 103.30 Td (counter-parties ) Tj ET Q q 0 0 0 rg BT 375.16 103.30 Td (without ) Tj ET Q q 0 0 0 rg BT 402.17 103.30 Td (the ) Tj ET Q q 0 0 0 rg BT 415.32 103.30 Td (exchange ) Tj ET Q q 0 0 0 rg BT 451.44 103.30 Td (of ) Tj ET Q q 0 0 0 rg BT 460.26 103.30 Td (the ) Tj ET Q q 0 0 0 rg BT 473.42 103.30 Td (notional ) Tj ET Q q 0 0 0 rg BT 503.03 103.30 Td (amount ) Tj ET Q q 0 0 0 rg BT 531.34 103.30 Td (on ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 91.90 Td (which ) Tj ET Q q 0 0 0 rg BT 93.55 91.90 Td (the ) Tj ET Q q 0 0 0 rg BT 106.01 91.90 Td (payments ) Tj ET Q q 0 0 0 rg BT 141.42 91.90 Td (are ) Tj ET Q q 0 0 0 rg BT 154.31 91.90 Td (based. ) Tj ET Q q 0 0 0 rg BT 179.24 91.90 Td (The ) Tj ET Q q 0 0 0 rg BT 194.29 91.90 Td (recorded ) Tj ET Q q 0 0 0 rg BT 226.67 91.90 Td (interest ) Tj ET Q q 0 0 0 rg BT 253.85 91.90 Td (expense ) Tj ET Q q 0 0 0 rg BT 284.94 91.90 Td (on ) Tj ET Q q 0 0 0 rg BT 295.24 91.90 Td (the ) Tj ET Q q 0 0 0 rg BT 307.70 91.90 Td (underlying ) Tj ET Q q 0 0 0 rg BT 345.28 91.90 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 383.72 91.90 Td (payable ) Tj ET Q q 0 0 0 rg BT 412.64 91.90 Td (reflects ) Tj ET Q q 0 0 0 rg BT 439.39 91.90 Td (payments ) Tj ET Q q 0 0 0 rg BT 474.80 91.90 Td (made ) Tj ET Q q 0 0 0 rg BT 495.92 91.90 Td (and ) Tj ET Q q 0 0 0 rg BT 510.55 91.90 Td (received ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 80.50 Td (under ) Tj ET Q q 0 0 0 rg BT 93.77 80.50 Td (the ) Tj ET Q q 0 0 0 rg BT 106.44 80.50 Td (interest ) Tj ET Q q 0 0 0 rg BT 133.84 80.50 Td (rate ) Tj ET Q q 0 0 0 rg BT 149.11 80.50 Td (swaps. ) Tj ET Q q 0 0 0 rg BT 175.08 80.50 Td (These ) Tj ET Q q 0 0 0 rg BT 198.58 80.50 Td (swaps ) Tj ET Q q 0 0 0 rg BT 222.50 80.50 Td (are ) Tj ET Q q 0 0 0 rg BT 235.60 80.50 Td (not ) Tj ET Q q 0 0 0 rg BT 248.28 80.50 Td (designated ) Tj ET Q q 0 0 0 rg BT 288.24 80.50 Td (as ) Tj ET Q q 0 0 0 rg BT 298.32 80.50 Td (hedging ) Tj ET Q q 0 0 0 rg BT 327.89 80.50 Td (instruments ) Tj ET Q q 0 0 0 rg BT 370.00 80.50 Td (that ) Tj ET Q q 0 0 0 rg BT 384.84 80.50 Td (qualify ) Tj ET Q q 0 0 0 rg BT 409.21 80.50 Td (for ) Tj ET Q q 0 0 0 rg BT 420.14 80.50 Td (hedge ) Tj ET Q q 0 0 0 rg BT 443.65 80.50 Td (accounting ) Tj ET Q q 0 0 0 rg BT 483.18 80.50 Td (under ) Tj ET Q q 0 0 0 rg BT 504.94 80.50 Td (IFRS. ) Tj ET Q q 0 0 0 rg BT 526.58 80.50 Td (The ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 69.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 99.77 69.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 115.41 69.10 Td (cap ) Tj ET Q q 0 0 0 rg BT 130.19 69.10 Td (has ) Tj ET Q q 0 0 0 rg BT 144.96 69.10 Td (a ) Tj ET Q q 0 0 0 rg BT 151.51 69.10 Td ($125.0 ) Tj ET Q q 0 0 0 rg BT 177.56 69.10 Td (million ) Tj ET Q q 0 0 0 rg BT 201.85 69.10 Td (notional ) Tj ET Q q 0 0 0 rg BT 231.36 69.10 Td (amount, ) Tj ET Q q 0 0 0 rg BT 261.73 69.10 Td (a ) Tj ET Q q 0 0 0 rg BT 268.28 69.10 Td (strike ) Tj ET Q q 0 0 0 rg BT 289.11 69.10 Td (price ) Tj ET Q q 0 0 0 rg BT 308.21 69.10 Td (of ) Tj ET Q q 0 0 0 rg BT 316.92 69.10 Td (1.90% ) Tj ET Q q 0 0 0 rg BT 341.23 69.10 Td (based ) Tj ET Q q 0 0 0 rg BT 364.67 69.10 Td (on ) Tj ET Q q 0 0 0 rg BT 375.55 69.10 Td (one ) Tj ET Q q 0 0 0 rg BT 390.77 69.10 Td (month ) Tj ET Q q 0 0 0 rg BT 414.64 69.10 Td (bankers ) Tj ET Q q 0 0 0 rg BT 444.57 69.10 Td (acceptances ) Tj ET Q q 0 0 0 rg BT 490.54 69.10 Td (and ) Tj ET Q q 0 0 0 rg BT 505.75 69.10 Td (a ) Tj ET Q q 0 0 0 rg BT 512.30 69.10 Td (maturity ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 57.70 Td (of ) Tj ET Q q 0 0 0 rg BT 80.67 57.70 Td (July ) Tj ET Q q 0 0 0 rg BT 96.69 57.70 Td (2018. ) Tj ET Q endstream endobj 31 0 obj <> endobj 32 0 obj <> stream BT /F3 14.00 Tf ET q 0 0 0 rg BT 49.50 769.35 Td ( ) Tj ET Q q 0 0 0 rg BT 67.50 769.35 Td ( SLA) Tj ET Q q 0 0 0 rg BT 92.81 769.35 Td (TE OFFICE REIT) Tj ET Q BT /F3 14.00 Tf ET q 0 0 0 rg BT 72.00 752.55 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 121.55 752.55 Td (O THE CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 304.38 752.55 Td (TED INTERIM FINANCIAL) Tj ET Q q 0 0 0 rg BT 442.55 752.55 Td ( ST) Tj ET Q q 0 0 0 rg BT 459.57 752.55 Td (A) Tj ET Q q 0 0 0 rg BT 467.01 752.55 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 740.55 Td (\(all tabular amounts are expressed in thousands of Canadian dollars, unless otherwise noted\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 728.55 Td (\(unaudited\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 301.25 42.95 Td (Page 14) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 695.10 Td (Interest ) Tj ET Q q 0 0 0 rg BT 100.66 695.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 116.76 695.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 156.67 695.10 Td (are ) Tj ET Q q 0 0 0 rg BT 170.61 695.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 207.92 695.10 Td (at ) Tj ET Q q 0 0 0 rg BT 217.10 695.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 230.59 695.10 Td (value ) Tj ET Q q 0 0 0 rg BT 251.89 695.10 Td (with ) Tj ET Q q 0 0 0 rg BT 268.42 695.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 281.92 695.10 Td (values ) Tj ET Q q 0 0 0 rg BT 307.11 695.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 343.57 695.10 Td (as ) Tj ET Q q 0 0 0 rg BT 354.47 695.10 Td (the ) Tj ET Q q 0 0 0 rg BT 367.97 695.10 Td (present ) Tj ET Q q 0 0 0 rg BT 396.64 695.10 Td (value ) Tj ET Q q 0 0 0 rg BT 417.93 695.10 Td (of ) Tj ET Q q 0 0 0 rg BT 427.11 695.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 467.89 695.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 487.03 695.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 507.45 695.10 Td (based ) Tj ET Q q 0 0 0 rg BT 531.35 695.10 Td (on ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 683.70 Td (forward ) Tj ET Q q 0 0 0 rg BT 100.14 683.70 Td (curves ) Tj ET Q q 0 0 0 rg BT 125.25 683.70 Td (and ) Tj ET Q q 0 0 0 rg BT 140.42 683.70 Td (an ) Tj ET Q q 0 0 0 rg BT 151.25 683.70 Td (applicable ) Tj ET Q q 0 0 0 rg BT 188.50 683.70 Td (discount ) Tj ET Q q 0 0 0 rg BT 219.69 683.70 Td (rate. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 666.30 Td (The ) Tj ET Q q 0 0 0 rg BT 87.68 666.30 Td (following ) Tj ET Q q 0 0 0 rg BT 120.25 666.30 Td (are ) Tj ET Q q 0 0 0 rg BT 133.76 666.30 Td (the ) Tj ET Q q 0 0 0 rg BT 146.85 666.30 Td (terms ) Tj ET Q q 0 0 0 rg BT 168.58 666.30 Td (and ) Tj ET Q q 0 0 0 rg BT 183.83 666.30 Td (fair ) Tj ET Q q 0 0 0 rg BT 196.91 666.30 Td (values ) Tj ET Q q 0 0 0 rg BT 221.69 666.30 Td (of ) Tj ET Q q 0 0 0 rg BT 230.44 666.30 Td (the ) Tj ET Q q 0 0 0 rg BT 243.53 666.30 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 268.92 666.30 Td (interest ) Tj ET Q q 0 0 0 rg BT 296.72 666.30 Td (rate ) Tj ET Q q 0 0 0 rg BT 312.40 666.30 Td (swaps ) Tj ET Q q 0 0 0 rg BT 336.74 666.30 Td (for ) Tj ET Q q 0 0 0 rg BT 348.09 666.30 Td (the ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 361.17 666.30 Td (six ) Tj ET Q q 0 0 0 rg BT 372.95 666.30 Td (month ) Tj ET Q q 0 0 0 rg BT 396.86 666.30 Td (period ) Tj ET Q q 0 0 0 rg BT 420.77 666.30 Td (ended ) Tj ET Q q 0 0 0 rg BT 444.69 666.30 Td (June ) Tj ET Q q 0 0 0 rg BT 463.84 666.30 Td (30, ) Tj ET Q q 0 0 0 rg BT 476.92 666.30 Td (2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 494.25 666.30 Td ( ) Tj ET Q q 0 0 0 rg BT 496.51 666.30 Td (and ) Tj ET Q q 0 0 0 rg BT 511.76 666.30 Td (the ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 524.85 666.30 Td (year ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 654.90 Td (ended ) Tj ET Q q 0 0 0 rg BT 95.83 654.90 Td (December ) Tj ET Q q 0 0 0 rg BT 133.93 654.90 Td (31, ) Tj ET Q q 0 0 0 rg BT 146.93 654.90 Td (2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 164.26 654.90 Td (: ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 638.4 m 163.5 638.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 163.5 638.4 m 240.5 638.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 638.4 m 315.5 638.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 624.4 m 315.5 624.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 638.4 m 390.5 638.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315.5 624.4 m 390.5 624.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 638.4 m 465.5 638.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 624.4 m 465.5 624.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 638.4 m 540.5 638.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 624.4 m 540.5 624.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 610.4 m 163.5 610.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 163.5 610.4 m 240.5 610.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 610.4 m 315.5 610.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315.5 624.4 m 390.5 624.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315.5 610.4 m 390.5 610.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 610.4 m 465.5 610.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 624.4 m 540.5 624.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 610.4 m 540.5 610.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 610.4 m 465.5 610.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 610.4 m 540.5 610.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 582.4 m 163.5 582.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 163.5 582.4 m 240.5 582.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 582.4 m 465.5 582.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 582.4 m 540.5 582.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 582.4 m 163.5 582.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 568.4 m 163.5 568.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 163.5 582.4 m 240.5 582.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 163.5 568.4 m 240.5 568.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 582.4 m 315.5 582.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 568.4 m 315.5 568.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315.5 582.4 m 390.5 582.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 568.4 m 390.5 568.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 582.4 m 465.5 582.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 568.4 m 465.5 568.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 582.4 m 540.5 582.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 568.4 m 540.5 568.4 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 286.60 628.93 Td (Notional amount) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 447.85 628.93 Td (Fair value) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 75.00 614.93 Td (Maturity date) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 166.25 614.93 Td (Fixed interest rate ) Tj ET Q BT /F2 9.50 Tf ET BT /F2 6.17 Tf ET q 0 0 0 rg BT 230.78 617.36 Td (\(1\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 261.30 614.93 Td (June 30, 2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 318.55 614.93 Td (December 31, 2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 411.30 614.93 Td (June 30, 2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 468.55 614.93 Td (December 31, 2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 600.93 Td (August 14, 2023) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 217.85 600.93 Td (4.60) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 233.05 600.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 243.00 600.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 288.55 600.93 Td (20,941) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 318.00 600.93 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 363.55 600.98 Td (21,231) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.00 600.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 442.90 600.93 Td (1,380) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 468.00 600.93 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 517.90 600.93 Td (1,765) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 586.93 Td (May 1, 2023) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 217.85 586.93 Td (3.64) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 233.05 586.93 Td (%) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 288.55 586.93 Td (30,746) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 363.55 586.98 Td (22,664) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 449.40 586.93 Td (403) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 524.40 586.93 Td (730) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.00 572.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 442.90 572.93 Td (1,783) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 468.00 572.93 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 517.90 572.93 Td (2,495) Tj ET Q BT /F1 10.00 Tf ET BT /F2 7.50 Tf ET q 0 0 0 rg BT 72.00 559.90 Td (\(1\) During the ) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 111.31 559.90 Td (six month period ended June 30, 2017) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 215.96 559.90 Td (, the REIT) Tj ET Q q 0 0 0 rg BT 243.54 559.90 Td ( increased its existing mortgage on 421) Tj ET Q q 0 0 0 rg BT 350.11 559.90 Td (1 ) Tj ET Q q 0 0 0 rg BT 355.14 559.90 Td (Y) Tj ET Q q 0 0 0 rg BT 358.68 559.90 Td (onge Street by $8.5 million, resulting in a lowered combined ) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 72.00 550.90 Td (interest rate of 3.64% with no change to the loan's maturity \(note 10\). ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 533.50 Td (The following is a reconciliation of the change in the fair value of derivative instruments: ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 523 m 390.5 523 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 509 m 390.5 509 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 523 m 465.5 523 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 523 m 540.5 523 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 509 m 540.5 509 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 509 m 465.5 509 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 509 m 540.5 509 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 467 m 390.5 467 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 453 m 390.5 453 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 467 m 465.5 467 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 453 m 465.5 453 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 467 m 540.5 467 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 453 m 540.5 453 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 411.30 513.53 Td (June 30, 2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 487.60 513.53 Td (June 30, 2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 499.53 Td (Balance, beginning of period) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.00 499.53 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 442.90 499.53 Td (2,482) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 468.00 499.53 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 517.90 499.53 Td (3,153) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 485.53 Td (Fair value change of interest rate swaps) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 446.80 485.53 Td (\(712) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 462.40 485.53 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 517.90 485.53 Td (1,058) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 471.53 Td (Fair value change of interest rate cap) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 454.60 471.53 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 529.60 471.53 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 75.00 457.53 Td (Balance, end of period) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.00 457.53 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 442.90 457.53 Td (1,770) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 468.00 457.53 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 517.90 457.53 Td (4,211) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 72.00 436.10 Td (13. ) Tj ET Q q 0 0 0 rg BT 85.00 436.10 Td ( ) Tj ET Q q 0 0 0 rg BT 87.16 436.10 Td ( ) Tj ET Q q 0 0 0 rg BT 89.33 436.10 Td ( ) Tj ET Q q 0 0 0 rg BT 91.50 436.10 Td ( ) Tj ET Q q 0 0 0 rg BT 93.66 436.10 Td ( ) Tj ET Q q 0 0 0 rg BT 95.83 436.10 Td ( ) Tj ET Q q 0 0 0 rg BT 98.00 436.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 120.95 436.10 Td (B ) Tj ET Q q 0 0 0 rg BT 128.74 436.10 Td (LP) Tj ET Q q 0 0 0 rg BT 138.56 436.10 Td ( ) Tj ET Q q 0 0 0 rg BT 140.73 436.10 Td (units) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 418.70 Td (Class ) Tj ET Q q 0 0 0 rg BT 93.85 418.70 Td (B ) Tj ET Q q 0 0 0 rg BT 101.43 418.70 Td (LP) Tj ET Q q 0 0 0 rg BT 110.82 418.70 Td ( ) Tj ET Q q 0 0 0 rg BT 113.20 418.70 Td (units ) Tj ET Q q 0 0 0 rg BT 132.03 418.70 Td (are ) Tj ET Q q 0 0 0 rg BT 145.67 418.70 Td (exchangeable ) Tj ET Q q 0 0 0 rg BT 196.56 418.70 Td (at ) Tj ET Q q 0 0 0 rg BT 205.44 418.70 Td (the ) Tj ET Q q 0 0 0 rg BT 218.65 418.70 Td (option ) Tj ET Q q 0 0 0 rg BT 242.25 418.70 Td (of ) Tj ET Q q 0 0 0 rg BT 251.13 418.70 Td (the ) Tj ET Q q 0 0 0 rg BT 264.33 418.70 Td (holder ) Tj ET Q q 0 0 0 rg BT 288.37 418.70 Td (into ) Tj ET Q q 0 0 0 rg BT 303.30 418.70 Td (trust ) Tj ET Q q 0 0 0 rg BT 320.84 418.70 Td (units ) Tj ET Q q 0 0 0 rg BT 339.67 418.70 Td (of ) Tj ET Q q 0 0 0 rg BT 348.55 418.70 Td (the ) Tj ET Q q 0 0 0 rg BT 361.76 418.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 379.37 418.70 Td ( ) Tj ET Q q 0 0 0 rg BT 381.74 418.70 Td (on ) Tj ET Q q 0 0 0 rg BT 392.78 418.70 Td (a ) Tj ET Q q 0 0 0 rg BT 399.49 418.70 Td (one-for-one ) Tj ET Q q 0 0 0 rg BT 442.14 418.70 Td (basis ) Tj ET Q q 0 0 0 rg BT 462.71 418.70 Td (subject ) Tj ET Q q 0 0 0 rg BT 489.77 418.70 Td (to ) Tj ET Q q 0 0 0 rg BT 498.65 418.70 Td (normal ) Tj ET Q q 0 0 0 rg BT 524.84 418.70 Td (anti-) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 407.30 Td (dilution ) Tj ET Q q 0 0 0 rg BT 98.96 407.30 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 143.25 407.30 Td (and ) Tj ET Q q 0 0 0 rg BT 158.52 407.30 Td (are ) Tj ET Q q 0 0 0 rg BT 172.05 407.30 Td (entitled ) Tj ET Q q 0 0 0 rg BT 199.45 407.30 Td (to ) Tj ET Q q 0 0 0 rg BT 208.22 407.30 Td (distributions ) Tj ET Q q 0 0 0 rg BT 252.07 407.30 Td (of ) Tj ET Q q 0 0 0 rg BT 260.84 407.30 Td (cash, ) Tj ET Q q 0 0 0 rg BT 281.74 407.30 Td (as ) Tj ET Q q 0 0 0 rg BT 292.25 407.30 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 331.77 407.30 Td (equal ) Tj ET Q q 0 0 0 rg BT 353.10 407.30 Td (to ) Tj ET Q q 0 0 0 rg BT 361.88 407.30 Td (the ) Tj ET Q q 0 0 0 rg BT 374.98 407.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 393.72 407.30 Td (distributions ) Tj ET Q q 0 0 0 rg BT 437.56 407.30 Td (paid ) Tj ET Q q 0 0 0 rg BT 454.57 407.30 Td (to ) Tj ET Q q 0 0 0 rg BT 463.34 407.30 Td (holders ) Tj ET Q q 0 0 0 rg BT 491.16 407.30 Td (of ) Tj ET Q q 0 0 0 rg BT 499.94 407.30 Td (units ) Tj ET Q q 0 0 0 rg BT 518.67 407.30 Td (by ) Tj ET Q q 0 0 0 rg BT 529.17 407.30 Td (the ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 395.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 88.88 395.90 Td (.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 378.50 Td (Each ) Tj ET Q q 0 0 0 rg BT 91.99 378.50 Td (Class ) Tj ET Q q 0 0 0 rg BT 113.71 378.50 Td (B ) Tj ET Q q 0 0 0 rg BT 121.14 378.50 Td (LP) Tj ET Q q 0 0 0 rg BT 130.54 378.50 Td ( ) Tj ET Q q 0 0 0 rg BT 132.77 378.50 Td (unit ) Tj ET Q q 0 0 0 rg BT 147.57 378.50 Td (is ) Tj ET Q q 0 0 0 rg BT 155.44 378.50 Td (attached ) Tj ET Q q 0 0 0 rg BT 187.57 378.50 Td (to ) Tj ET Q q 0 0 0 rg BT 196.30 378.50 Td (a ) Tj ET Q q 0 0 0 rg BT 202.87 378.50 Td (special ) Tj ET Q q 0 0 0 rg BT 229.36 378.50 Td (voting ) Tj ET Q q 0 0 0 rg BT 252.39 378.50 Td (unit ) Tj ET Q q 0 0 0 rg BT 267.19 378.50 Td (of ) Tj ET Q q 0 0 0 rg BT 275.92 378.50 Td (the ) Tj ET Q q 0 0 0 rg BT 288.99 378.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 305.87 378.50 Td (, ) Tj ET Q q 0 0 0 rg BT 310.28 378.50 Td (providing ) Tj ET Q q 0 0 0 rg BT 344.13 378.50 Td (Class ) Tj ET Q q 0 0 0 rg BT 365.84 378.50 Td (B ) Tj ET Q q 0 0 0 rg BT 373.28 378.50 Td (LP) Tj ET Q q 0 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rg BT 135.37 695.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 166.55 695.10 Td (and ) Tj ET Q q 0 0 0 rg BT 182.57 695.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 214.61 695.10 Td (liabilities) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 677.70 Td (Accounts payable and accrued liabilities are comprised of the following:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 667.2 m 364.5 667.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 653.2 m 364.5 653.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 667.2 m 390.5 667.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 364.5 653.2 m 390.5 653.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 667.2 m 465.5 667.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 653.2 m 465.5 653.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 667.2 m 540.5 667.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 653.2 m 540.5 653.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 364.5 653.2 m 390.5 653.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 653.2 m 465.5 653.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 653.2 m 540.5 653.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 597.2 m 364.5 597.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 583.2 m 364.5 583.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 364.5 597.2 m 390.5 597.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 583.2 m 390.5 583.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 597.2 m 465.5 597.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 583.2 m 465.5 583.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 597.2 m 540.5 597.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 583.2 m 540.5 583.2 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 369.65 657.73 Td (Note) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 411.30 657.73 Td (June 30, 2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 468.55 657.73 Td (December 31, 2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 643.73 Td (Trade payables and accrued liabilities) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.00 643.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 438.55 643.73 Td (18,929) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 468.00 643.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 513.55 643.73 Td (17,758) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 629.73 Td (Distributions payable) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 372.65 629.68 Td (16) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 442.90 629.73 Td (3,884) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 517.90 629.73 Td (2,875) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 615.73 Td (Prepaid rent) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 442.90 615.73 Td (3,323) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 517.90 615.73 Td (2,373) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 601.73 Td (Tenant improvements payable) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 442.90 601.73 Td (5,325) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 524.40 601.73 Td (745) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.00 587.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 438.55 587.73 Td (31,461) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 468.00 587.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 513.55 587.73 Td (23,751) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 72.00 566.30 Td (15. ) Tj ET Q q 0 0 0 rg BT 85.00 566.30 Td ( ) Tj ET Q q 0 0 0 rg BT 87.16 566.30 Td ( ) Tj ET Q q 0 0 0 rg BT 89.33 566.30 Td ( ) Tj ET Q q 0 0 0 rg BT 91.50 566.30 Td ( ) Tj ET Q q 0 0 0 rg BT 93.66 566.30 Td ( ) Tj ET Q q 0 0 0 rg BT 95.83 566.30 Td ( ) Tj ET Q q 0 0 0 rg BT 98.00 566.30 Td (Unitholders' ) Tj ET Q q 0 0 0 rg BT 145.29 566.30 Td (equity) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 548.90 Td (The ) Tj ET Q q 0 0 0 rg BT 87.39 548.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 105.00 548.90 Td ( ) Tj ET Q q 0 0 0 rg BT 106.97 548.90 Td (is ) Tj ET Q q 0 0 0 rg BT 114.57 548.90 Td (authorized ) Tj ET Q q 0 0 0 rg BT 152.92 548.90 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Tj ET Q q 0 0 0 rg BT 135.40 537.50 Td (the ) Tj ET Q q 0 0 0 rg BT 148.33 537.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 165.94 537.50 Td ( ) Tj ET Q q 0 0 0 rg BT 168.03 537.50 Td (and ) Tj ET Q q 0 0 0 rg BT 183.13 537.50 Td (entitles ) Tj ET Q q 0 0 0 rg BT 209.91 537.50 Td (the ) Tj ET Q q 0 0 0 rg BT 222.84 537.50 Td (holder ) Tj ET Q q 0 0 0 rg BT 246.59 537.50 Td (to ) Tj ET Q q 0 0 0 rg BT 255.19 537.50 Td (an ) Tj ET Q q 0 0 0 rg BT 265.95 537.50 Td (equal ) Tj ET Q q 0 0 0 rg BT 287.11 537.50 Td (participation ) Tj ET Q q 0 0 0 rg BT 331.22 537.50 Td (in ) Tj ET Q q 0 0 0 rg BT 339.38 537.50 Td (distributions ) Tj ET Q q 0 0 0 rg BT 383.05 537.50 Td (of ) Tj ET Q q 0 0 0 rg BT 391.65 537.50 Td (the ) Tj ET Q q 0 0 0 rg BT 404.58 537.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 421.46 537.50 Td (. ) Tj ET Q q 0 0 0 rg BT 425.59 537.50 Td (The ) Tj ET Q q 0 0 0 rg BT 441.11 537.50 Td (trust ) Tj ET Q q 0 0 0 rg BT 458.37 537.50 Td (units ) Tj ET Q q 0 0 0 rg BT 476.92 537.50 Td (are ) Tj ET Q q 0 0 0 rg BT 490.28 537.50 Td (redeemable ) Tj ET Q q 0 0 0 rg BT 533.52 537.50 Td (at ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 85.00 526.10 Td (option ) Tj ET Q q 0 0 0 rg BT 108.39 526.10 Td (of ) Tj ET Q q 0 0 0 rg BT 117.06 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.06 526.10 Td (holder ) Tj ET Q q 0 0 0 rg BT 153.88 526.10 Td (at ) Tj ET Q q 0 0 0 rg BT 162.54 526.10 Td (any ) Tj ET Q q 0 0 0 rg BT 177.27 526.10 Td (time.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 508.70 Td (The ) Tj ET Q q 0 0 0 rg BT 87.93 508.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 105.53 508.70 Td ( ) Tj ET Q q 0 0 0 rg BT 108.04 508.70 Td (is ) Tj ET Q q 0 0 0 rg BT 116.16 508.70 Td (also ) Tj ET Q q 0 0 0 rg BT 132.96 508.70 Td (authorized ) Tj ET Q q 0 0 0 rg BT 171.84 508.70 Td (to ) Tj ET Q q 0 0 0 rg BT 180.84 508.70 Td (create ) Tj ET Q q 0 0 0 rg BT 204.99 508.70 Td (and ) Tj ET Q q 0 0 0 rg BT 220.49 508.70 Td (issue ) Tj ET Q q 0 0 0 rg BT 241.18 508.70 Td (an ) Tj ET Q q 0 0 0 rg BT 252.35 508.70 Td (unlimited ) Tj ET Q q 0 0 0 rg BT 286.03 508.70 Td (number ) Tj ET Q q 0 0 0 rg BT 314.94 508.70 Td (of ) Tj ET Q q 0 0 0 rg BT 323.94 508.70 Td (preferred ) Tj ET Q q 0 0 0 rg BT 358.05 508.70 Td (units, ) Tj ET Q q 0 0 0 rg BT 379.18 508.70 Td (in ) Tj ET Q q 0 0 0 rg BT 387.74 508.70 Td (one ) Tj ET Q q 0 0 0 rg BT 403.24 508.70 Td (or ) Tj ET Q q 0 0 0 rg BT 412.67 508.70 Td (more ) Tj ET Q q 0 0 0 rg BT 432.91 508.70 Td (classes ) Tj ET Q q 0 0 0 rg BT 461.40 508.70 Td (comprised ) Tj ET Q q 0 0 0 rg BT 499.83 508.70 Td (of ) Tj ET Q q 0 0 0 rg BT 508.83 508.70 Td (unlimited ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 497.30 Td (series, ) Tj ET Q q 0 0 0 rg BT 96.56 497.30 Td (having ) Tj ET Q q 0 0 0 rg BT 121.13 497.30 Td (terms ) Tj ET Q q 0 0 0 rg BT 142.22 497.30 Td (and ) Tj ET Q q 0 0 0 rg BT 156.83 497.30 Td (conditions ) Tj ET Q q 0 0 0 rg BT 193.52 497.30 Td (as ) Tj ET Q q 0 0 0 rg BT 203.36 497.30 Td (may ) Tj ET Q q 0 0 0 rg BT 219.69 497.30 Td (be ) Tj ET Q q 0 0 0 rg BT 229.97 497.30 Td (determined ) Tj ET Q q 0 0 0 rg BT 270.55 497.30 Td (by ) Tj ET Q q 0 0 0 rg BT 280.39 497.30 Td (the ) Tj ET Q q 0 0 0 rg BT 292.84 497.30 Td (Board ) Tj ET Q q 0 0 0 rg BT 315.23 497.30 Td (of ) Tj ET Q q 0 0 0 rg BT 323.24 497.30 Td (T) Tj ET Q q 0 0 0 rg BT 327.72 497.30 Td (rustees ) Tj ET Q q 0 0 0 rg BT 354.88 497.30 Td (from ) Tj ET Q q 0 0 0 rg BT 372.08 497.30 Td (time ) Tj ET Q q 0 0 0 rg BT 388.41 497.30 Td (to ) Tj ET Q q 0 0 0 rg BT 396.52 497.30 Td (time. ) Tj ET Q q 0 0 0 rg BT 415.01 497.30 Td (No ) Tj ET Q q 0 0 0 rg BT 426.58 497.30 Td (preferred ) Tj ET Q q 0 0 0 rg BT 459.80 497.30 Td (units ) Tj ET Q q 0 0 0 rg BT 477.87 497.30 Td (have ) Tj ET Q q 0 0 0 rg BT 496.38 497.30 Td (been ) Tj ET Q q 0 0 0 rg BT 515.32 497.30 Td (issued.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 479.90 Td (The change in trust units during the ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 196.31 479.90 Td (three and six month periods ended June 30, 2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 367.84 479.90 Td ( is as follows:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 469.4 m 209.5 469.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 209.5 469.4 m 240.5 469.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 469.4 m 315.5 469.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 455.4 m 315.5 455.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 469.4 m 390.5 469.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315.5 455.4 m 390.5 455.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 469.4 m 465.5 469.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 455.4 m 465.5 455.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 469.4 m 540.5 469.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 455.4 m 540.5 455.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 441.4 m 209.5 441.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 441.4 m 240.5 441.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 441.4 m 315.5 441.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315.5 441.4 m 390.5 441.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 441.4 m 465.5 441.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 441.4 m 540.5 441.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 441.4 m 315.5 441.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315.5 441.4 m 390.5 441.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 441.4 m 465.5 441.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 441.4 m 540.5 441.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 371.4 m 209.5 371.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 357.4 m 209.5 357.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 371.4 m 240.5 371.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 209.5 357.4 m 240.5 357.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 371.4 m 315.5 371.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 357.4 m 315.5 357.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315.5 371.4 m 390.5 371.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 357.4 m 390.5 357.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 371.4 m 465.5 371.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 357.4 m 465.5 357.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 371.4 m 540.5 371.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 357.4 m 540.5 357.4 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 250.25 459.93 Td (Three months ended June 30, 2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 405.00 459.93 Td (Six months ended June 30, 2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 215.80 445.93 Td (Note) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 292.50 445.93 Td (Units) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 357.55 445.93 Td (Amount) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 442.50 445.93 Td (Units) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 507.55 445.93 Td (Amount) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 431.93 Td (Balance, beginning of period) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 273.40 431.93 Td (40,780,384) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 318.00 431.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 359.20 431.93 Td (310,497) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 423.40 431.93 Td (40,743,637) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 468.00 431.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 509.20 431.93 Td (310,201) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 417.93 Td (Issued on public offering) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 273.40 417.93 Td (14,820,000) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 359.20 417.93 Td (123,154) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 423.40 417.93 Td (14,820,000) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 509.20 417.93 Td (123,154) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 403.93 Td (Issued on private placement) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 277.70 403.93 Td (1,234,568) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 363.55 403.98 Td (10,000) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 427.70 403.93 Td (1,234,568) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 513.55 403.93 Td (10,000) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 389.93 Td (Issued pursuant to DRIP) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 220.15 389.88 Td (16) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 288.55 389.93 Td (28,770) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 374.40 389.93 Td (235) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 438.55 389.93 Td (65,517) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 524.40 389.93 Td (531) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 375.93 Td (Cost of issuances) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 304.60 375.93 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 365.30 375.98 Td (\(5,424) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.40 375.93 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 454.60 375.93 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 515.30 375.93 Td (\(5,424) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 537.40 375.93 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 75.00 361.93 Td (Balance, end of period) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 273.40 361.93 Td (56,863,722) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 318.00 361.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 359.20 361.93 Td (438,462) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 423.40 361.93 Td (56,863,722) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 468.00 361.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 509.20 361.93 Td (438,462) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 340.50 Td (The change in trust units during the ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 196.31 340.50 Td (three and six month periods ended June 30, 2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 367.84 340.50 Td ( is as follows:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 330 m 209.5 330 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 209.5 330 m 240.5 330 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 330 m 315.5 330 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 316 m 315.5 316 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 330 m 390.5 330 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315.5 316 m 390.5 316 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 330 m 465.5 330 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 316 m 465.5 316 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 330 m 540.5 330 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 316 m 540.5 316 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 302 m 209.5 302 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 302 m 240.5 302 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 302 m 315.5 302 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315.5 302 m 390.5 302 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 302 m 465.5 302 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 302 m 540.5 302 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 302 m 315.5 302 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315.5 302 m 390.5 302 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 302 m 465.5 302 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 302 m 540.5 302 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 232 m 315.5 232 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315.5 232 m 390.5 232 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 232 m 465.5 232 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 232 m 540.5 232 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 232 m 209.5 232 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 218 m 209.5 218 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 232 m 240.5 232 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 209.5 218 m 240.5 218 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 232 m 315.5 232 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 218 m 315.5 218 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315.5 232 m 390.5 232 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 218 m 390.5 218 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 232 m 465.5 232 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 218 m 465.5 218 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 232 m 540.5 232 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 218 m 540.5 218 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 253.25 320.53 Td (Three months ended June 30, 2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 408.00 320.53 Td (Six months ended June 30, 2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 215.80 306.53 Td (Note) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 294.25 306.53 Td (Units) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 360.15 306.53 Td (Amount) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 444.25 306.53 Td (Units) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 510.15 306.53 Td (Amount) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 292.53 Td (Balance, beginning of period) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 273.40 292.53 Td (30,058,236) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 318.00 292.53 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 359.20 292.53 Td (227,111) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 423.40 292.53 Td (30,041,430) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 468.00 292.53 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 509.20 292.53 Td (227,030) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 278.53 Td (Issued on public offering) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 277.70 278.53 Td (4,531,137) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 363.55 278.58 Td (35,569) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 427.70 278.53 Td (4,531,137) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 513.55 278.53 Td (35,569) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 264.53 Td (Issued pursuant to DRIP) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 220.15 264.48 Td (16) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 288.55 264.53 Td (11,980) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 378.70 264.53 Td (93) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 438.55 264.53 Td (79,599) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 524.40 264.53 Td (558) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 250.53 Td (Cost of issuance) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 304.60 250.53 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 365.30 250.58 Td (\(1,859) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 387.40 250.53 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 454.60 250.53 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 515.30 250.53 Td (\(1,859) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 537.40 250.53 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 236.53 Td (Repurchase of units) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 304.60 236.53 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 379.60 236.58 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 435.95 236.53 Td (\(50,813) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 462.40 236.53 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 521.80 236.53 Td (\(384) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 537.40 236.53 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 222.53 Td (Balance, end of period) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 273.40 222.53 Td (34,601,353) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 318.00 222.53 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 359.20 222.53 Td (260,914) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 423.40 222.53 Td (34,601,353) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 468.00 222.53 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 509.20 222.53 Td (260,914) Tj ET Q BT /F1 10.00 Tf ET BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 201.10 Td (Public ) Tj ET Q q 0 0 0 rg BT 95.38 201.10 Td (of) Tj ET Q q 0 0 0 rg BT 101.71 201.10 Td (ferings) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 183.70 Td (On ) Tj ET Q q 0 0 0 rg BT 84.68 183.70 Td (March ) Tj ET Q q 0 0 0 rg BT 108.62 183.70 Td (15, ) Tj ET Q q 0 0 0 rg BT 121.74 183.70 Td (2017, ) Tj ET Q q 0 0 0 rg BT 143.52 183.70 Td (the ) Tj ET Q q 0 0 0 rg BT 156.64 183.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 174.25 183.70 Td ( ) Tj ET Q q 0 0 0 rg BT 176.54 183.70 Td (issued ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 201.35 183.70 Td (14,820,000) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 240.34 183.70 Td ( ) Tj ET Q q 0 0 0 rg BT 242.63 183.70 Td (subscription ) Tj ET Q q 0 0 0 rg BT 286.49 183.70 Td (receipts ) Tj ET Q q 0 0 0 rg BT 316.06 183.70 Td (at ) Tj ET Q q 0 0 0 rg BT 324.84 183.70 Td (a ) Tj ET Q q 0 0 0 rg BT 331.46 183.70 Td (price ) Tj ET Q q 0 0 0 rg BT 350.64 183.70 Td (of ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 359.43 183.70 Td ($8.10) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 378.92 183.70 Td ( ) Tj ET Q q 0 0 0 rg BT 381.21 183.70 Td (per ) Tj ET Q q 0 0 0 rg BT 394.76 183.70 Td (subscription ) Tj ET Q q 0 0 0 rg BT 438.62 183.70 Td (receipt, ) Tj ET Q q 0 0 0 rg BT 466.46 183.70 Td (for ) Tj ET Q q 0 0 0 rg BT 477.84 183.70 Td (gross ) Tj ET Q q 0 0 0 rg BT 499.18 183.70 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 533.51 183.70 Td (of ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 172.30 Td ($120.0 ) Tj ET Q q 0 0 0 rg BT 98.04 172.30 Td (million) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 120.12 172.30 Td ( ) Tj ET Q q 0 0 0 rg BT 122.34 172.30 Td (in ) Tj ET Q q 0 0 0 rg BT 130.61 172.30 Td (connection ) Tj ET Q q 0 0 0 rg BT 170.52 172.30 Td (with ) Tj ET Q q 0 0 0 rg BT 186.58 172.30 Td (the ) Tj ET Q q 0 0 0 rg BT 199.63 172.30 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 238.66 172.30 Td (of ) Tj ET Q q 0 0 0 rg BT 247.37 172.30 Td (W) Tj ET Q q 0 0 0 rg BT 254.59 172.30 Td (est ) Tj ET Q q 0 0 0 rg BT 267.20 172.30 Td (Metro ) Tj ET Q q 0 0 0 rg BT 289.33 172.30 Td (Centre, ) Tj ET Q q 0 0 0 rg BT 317.09 172.30 Td (250 ) Tj ET Q q 0 0 0 rg BT 332.30 172.30 Td (King ) Tj ET Q q 0 0 0 rg BT 350.11 172.30 Td (and ) Tj ET Q q 0 0 0 rg BT 365.32 172.30 Td (460 ) Tj ET Q q 0 0 0 rg BT 380.40 172.30 Td (T) Tj ET Q q 0 0 0 rg BT 384.73 172.30 Td (wo ) Tj ET Q q 0 0 0 rg BT 396.90 172.30 Td (Nations. ) Tj ET Q q 0 0 0 rg BT 427.70 172.30 Td (Concurrently ) Tj ET Q q 0 0 0 rg BT 474.07 172.30 Td (with ) Tj ET Q q 0 0 0 rg BT 490.14 172.30 Td (the ) Tj ET Q q 0 0 0 rg BT 503.19 172.30 Td (acquisition ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 160.90 Td (of ) Tj ET Q q 0 0 0 rg BT 80.09 160.90 Td (those ) Tj ET Q q 0 0 0 rg BT 100.74 160.90 Td (properties ) Tj ET Q q 0 0 0 rg BT 136.97 160.90 Td (on ) Tj ET Q q 0 0 0 rg BT 146.91 160.90 Td (April ) Tj ET Q q 0 0 0 rg BT 164.08 160.90 Td (25, ) Tj ET Q q 0 0 0 rg BT 176.50 160.90 Td (2017, ) Tj ET Q q 0 0 0 rg BT 197.58 160.90 Td (the ) Tj ET Q q 0 0 0 rg BT 210.00 160.90 Td (subscription ) Tj ET Q q 0 0 0 rg BT 253.16 160.90 Td (receipts ) Tj ET Q q 0 0 0 rg BT 282.03 160.90 Td (were ) Tj ET Q q 0 0 0 rg BT 300.50 160.90 Td (automatically ) Tj ET Q q 0 0 0 rg BT 347.55 160.90 Td (exchanged ) Tj ET Q q 0 0 0 rg BT 387.26 160.90 Td (for ) Tj ET Q q 0 0 0 rg BT 397.94 160.90 Td (one ) Tj ET Q q 0 0 0 rg BT 412.53 160.90 Td (unit ) Tj ET Q q 0 0 0 rg BT 426.68 160.90 Td (and ) Tj ET Q q 0 0 0 rg BT 441.26 160.90 Td (a ) Tj ET Q q 0 0 0 rg BT 447.18 160.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 465.23 160.90 Td (distribution ) Tj ET Q q 0 0 0 rg BT 504.49 160.90 Td (equivalent ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 149.50 Td (payment ) Tj ET Q q 0 0 0 rg BT 104.77 149.50 Td (of ) Tj ET Q q 0 0 0 rg BT 114.15 149.50 Td ($0.0625 ) Tj ET Q q 0 0 0 rg BT 145.20 149.50 Td (\(being ) Tj ET Q q 0 0 0 rg BT 169.74 149.50 Td (equal ) Tj ET Q q 0 0 0 rg BT 191.69 149.50 Td (to ) Tj ET Q q 0 0 0 rg BT 201.07 149.50 Td (the ) Tj ET Q q 0 0 0 rg BT 214.79 149.50 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 252.76 149.50 Td (amount ) Tj ET Q q 0 0 0 rg BT 281.63 149.50 Td (of ) Tj ET Q q 0 0 0 rg BT 291.02 149.50 Td (distributions ) Tj ET Q q 0 0 0 rg BT 335.48 149.50 Td (paid ) Tj ET Q q 0 0 0 rg BT 353.09 149.50 Td (by ) Tj ET Q q 0 0 0 rg BT 364.21 149.50 Td (the ) Tj ET Q q 0 0 0 rg BT 377.92 149.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 395.53 149.50 Td ( ) Tj ET Q q 0 0 0 rg BT 398.42 149.50 Td (per ) Tj ET Q q 0 0 0 rg BT 412.56 149.50 Td (unit ) Tj ET Q q 0 0 0 rg BT 428.01 149.50 Td (for ) Tj ET Q q 0 0 0 rg BT 439.99 149.50 Td (which ) Tj ET Q q 0 0 0 rg BT 462.79 149.50 Td (record ) Tj ET Q q 0 0 0 rg BT 487.75 149.50 Td (dates ) Tj ET Q q 0 0 0 rg BT 509.70 149.50 Td (occurred ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 138.10 Td (between ) Tj ET Q q 0 0 0 rg BT 103.54 138.10 Td (March ) Tj ET Q q 0 0 0 rg BT 127.26 138.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 140.18 138.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 159.59 138.10 Td (and ) Tj ET Q q 0 0 0 rg BT 174.26 138.10 Td (April ) Tj ET Q q 0 0 0 rg BT 191.93 138.10 Td (25, ) Tj ET Q q 0 0 0 rg BT 204.85 138.10 Td (2017\). ) Tj ET Q q 0 0 0 rg BT 229.02 138.10 Td ( ) Tj ET Q q 0 0 0 rg BT 230.97 138.10 Td (The ) Tj ET Q q 0 0 0 rg BT 246.48 138.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 265.02 138.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 304.79 138.10 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 342.39 138.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 374.35 138.10 Td (of ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 382.94 138.10 Td ($0.9 ) Tj ET Q q 0 0 0 rg BT 400.19 138.10 Td (million) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 422.26 138.10 Td ( ) Tj ET Q q 0 0 0 rg BT 424.35 138.10 Td (has ) Tj ET Q q 0 0 0 rg BT 438.99 138.10 Td (been ) Tj ET Q q 0 0 0 rg BT 458.41 138.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 491.24 138.10 Td (in ) Tj ET Q q 0 0 0 rg BT 499.38 138.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 527.02 138.10 Td (and ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 126.70 Td (finance ) Tj ET Q q 0 0 0 rg BT 99.97 126.70 Td (costs ) Tj ET Q q 0 0 0 rg BT 121.00 126.70 Td (\(note ) Tj ET Q q 0 0 0 rg BT 141.60 126.70 Td (19\). ) Tj ET Q q 0 0 0 rg BT 157.69 126.70 Td (The ) Tj ET Q q 0 0 0 rg BT 173.96 126.70 Td (dif) Tj ET Q q 0 0 0 rg BT 182.05 126.70 Td (ference ) Tj ET Q q 0 0 0 rg BT 210.88 126.70 Td (between ) Tj ET Q q 0 0 0 rg BT 243.18 126.70 Td (the ) Tj ET Q q 0 0 0 rg BT 256.85 126.70 Td ($8.10 ) Tj ET Q q 0 0 0 rg BT 279.20 126.70 Td (of) Tj ET Q q 0 0 0 rg BT 285.56 126.70 Td (fered ) Tj ET Q q 0 0 0 rg BT 306.16 126.70 Td (price ) Tj ET Q q 0 0 0 rg BT 325.89 126.70 Td (per ) Tj ET Q q 0 0 0 rg BT 339.99 126.70 Td (unit ) Tj ET Q q 0 0 0 rg BT 355.40 126.70 Td (and ) Tj ET Q q 0 0 0 rg BT 371.24 126.70 Td (the ) Tj ET Q q 0 0 0 rg BT 384.91 126.70 Td (closing ) Tj ET Q q 0 0 0 rg BT 412.01 126.70 Td (price ) Tj ET Q q 0 0 0 rg BT 431.74 126.70 Td (of ) Tj ET Q q 0 0 0 rg BT 441.08 126.70 Td ($8.31 ) Tj ET Q q 0 0 0 rg BT 463.42 126.70 Td (per ) Tj ET Q q 0 0 0 rg BT 477.52 126.70 Td (unit ) Tj ET Q q 0 0 0 rg BT 492.93 126.70 Td (on ) Tj ET Q q 0 0 0 rg BT 504.44 126.70 Td (the ) Tj ET Q q 0 0 0 rg BT 518.11 126.70 Td (day ) Tj ET Q q 0 0 0 rg BT 533.52 126.70 Td (of ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 115.30 Td (conversion ) Tj ET Q q 0 0 0 rg BT 111.75 115.30 Td (of ) Tj ET Q q 0 0 0 rg BT 120.33 115.30 Td (the ) Tj ET Q q 0 0 0 rg BT 133.24 115.30 Td (subscription ) Tj ET Q q 0 0 0 rg BT 176.89 115.30 Td (receipts ) Tj ET Q q 0 0 0 rg BT 206.24 115.30 Td (to ) Tj ET Q q 0 0 0 rg BT 214.82 115.30 Td (units ) Tj ET Q q 0 0 0 rg BT 233.35 115.30 Td (was ) Tj ET Q q 0 0 0 rg BT 249.28 115.30 Td (recorded ) Tj ET Q q 0 0 0 rg BT 282.10 115.30 Td (in ) Tj ET Q q 0 0 0 rg BT 290.24 115.30 Td (net ) Tj ET Q q 0 0 0 rg BT 303.15 115.30 Td (income ) Tj ET Q q 0 0 0 rg BT 330.34 115.30 Td (and ) Tj ET Q q 0 0 0 rg BT 345.42 115.30 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 400.32 115.30 Td (income ) Tj ET Q q 0 0 0 rg BT 427.52 115.30 Td (as ) Tj ET Q q 0 0 0 rg BT 437.82 115.30 Td (a ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 444.23 115.30 Td ($4.0 ) Tj ET Q q 0 0 0 rg BT 461.47 115.30 Td (million) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 483.55 115.30 Td ( ) Tj ET Q q 0 0 0 rg BT 485.62 115.30 Td (and ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 500.70 115.30 Td ($3.1 ) Tj ET Q q 0 0 0 rg BT 517.94 115.30 Td (million) Tj ET Q BT /F2 9.50 Tf ET BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 103.90 Td (fair ) Tj ET Q q 0 0 0 rg BT 84.82 103.90 Td (value ) Tj ET Q q 0 0 0 rg BT 105.43 103.90 Td (change ) Tj ET Q q 0 0 0 rg BT 132.99 103.90 Td (of ) Tj ET Q q 0 0 0 rg BT 141.48 103.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 172.06 103.90 Td (instruments ) Tj ET Q q 0 0 0 rg BT 214.32 103.90 Td (for ) Tj ET Q q 0 0 0 rg BT 225.40 103.90 Td (the ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 238.23 103.90 Td (three ) Tj ET Q q 0 0 0 rg BT 257.98 103.90 Td (and ) Tj ET Q q 0 0 0 rg BT 272.97 103.90 Td (six ) Tj ET Q q 0 0 0 rg BT 284.49 103.90 Td (month ) Tj ET Q q 0 0 0 rg BT 308.13 103.90 Td (periods ) Tj ET Q q 0 0 0 rg BT 335.68 103.90 Td (ended ) Tj ET Q q 0 0 0 rg BT 359.33 103.90 Td (June ) Tj ET Q q 0 0 0 rg BT 378.22 103.90 Td (30, ) Tj ET Q q 0 0 0 rg BT 391.04 103.90 Td (2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 408.37 103.90 Td (, ) Tj ET Q q 0 0 0 rg BT 412.53 103.90 Td (respectively ) Tj ET Q q 0 0 0 rg BT 455.66 103.90 Td (\(note ) Tj ET Q q 0 0 0 rg BT 475.41 103.90 Td (20\). ) Tj ET Q q 0 0 0 rg BT 490.71 103.90 Td (The ) Tj ET Q q 0 0 0 rg BT 506.13 103.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 523.73 103.90 Td ( ) Tj ET Q q 0 0 0 rg BT 525.73 103.90 Td (also ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 92.50 Td (completed ) Tj ET Q q 0 0 0 rg BT 110.08 92.50 Td (a ) Tj ET Q q 0 0 0 rg BT 116.55 92.50 Td (private ) Tj ET Q q 0 0 0 rg BT 142.07 92.50 Td (placement ) Tj ET Q q 0 0 0 rg BT 180.15 92.50 Td (for ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 191.38 92.50 Td (1,234,568) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 226.04 92.50 Td ( ) Tj ET Q q 0 0 0 rg BT 228.18 92.50 Td (units ) Tj ET Q q 0 0 0 rg BT 246.77 92.50 Td (at ) Tj ET Q q 0 0 0 rg BT 255.40 92.50 Td (an ) Tj ET Q q 0 0 0 rg BT 266.21 92.50 Td (issuance ) Tj ET Q q 0 0 0 rg BT 299.09 92.50 Td (price ) Tj ET Q q 0 0 0 rg BT 318.11 92.50 Td (of ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 326.75 92.50 Td ($8.10) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 346.24 92.50 Td ( ) Tj ET Q q 0 0 0 rg BT 348.38 92.50 Td (for ) Tj ET Q q 0 0 0 rg BT 359.61 92.50 Td (gross ) Tj ET Q q 0 0 0 rg BT 380.79 92.50 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 414.98 92.50 Td (of ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 423.61 92.50 Td ($10.0 ) Tj ET Q q 0 0 0 rg BT 445.25 92.50 Td (million) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 467.32 92.50 Td ( ) Tj ET Q q 0 0 0 rg BT 469.46 92.50 Td (when ) Tj ET Q q 0 0 0 rg BT 490.21 92.50 Td (the ) Tj ET Q q 0 0 0 rg BT 503.18 92.50 Td (acquisition ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 81.10 Td (closed ) Tj ET Q q 0 0 0 rg BT 96.69 81.10 Td (on ) Tj ET Q q 0 0 0 rg BT 107.09 81.10 Td (April ) Tj ET Q q 0 0 0 rg BT 124.84 81.10 Td (25, ) Tj ET Q q 0 0 0 rg BT 137.84 81.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 157.34 81.10 Td (\(note ) Tj ET Q q 0 0 0 rg BT 177.26 81.10 Td (5\). ) Tj ET Q endstream endobj 35 0 obj <> endobj 36 0 obj <> stream BT /F3 14.00 Tf ET q 0 0 0 rg BT 49.50 769.35 Td ( ) Tj ET Q q 0 0 0 rg BT 67.50 769.35 Td ( SLA) Tj ET Q q 0 0 0 rg BT 92.81 769.35 Td (TE OFFICE REIT) Tj ET Q BT /F3 14.00 Tf ET q 0 0 0 rg BT 72.00 752.55 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 121.55 752.55 Td (O THE CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 304.38 752.55 Td (TED INTERIM FINANCIAL) Tj ET Q q 0 0 0 rg BT 442.55 752.55 Td ( ST) Tj ET Q q 0 0 0 rg BT 459.57 752.55 Td (A) Tj ET Q q 0 0 0 rg BT 467.01 752.55 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 740.55 Td (\(all tabular amounts are expressed in thousands of Canadian dollars, unless otherwise noted\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 728.55 Td (\(unaudited\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 301.25 42.95 Td (Page 16) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 695.10 Td (On ) Tj ET Q q 0 0 0 rg BT 85.00 695.10 Td (September ) Tj ET Q q 0 0 0 rg BT 125.71 695.10 Td (7, ) Tj ET Q q 0 0 0 rg BT 134.81 695.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 156.90 695.10 Td (the ) Tj ET Q q 0 0 0 rg BT 170.34 695.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 187.94 695.10 Td ( ) Tj ET Q q 0 0 0 rg BT 190.55 695.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 229.09 695.10 Td (a ) Tj ET Q q 0 0 0 rg BT 236.03 695.10 Td (bought ) Tj ET Q q 0 0 0 rg BT 262.46 695.10 Td (deal ) Tj ET Q q 0 0 0 rg BT 279.79 695.10 Td (of) Tj ET Q q 0 0 0 rg BT 286.15 695.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 308.24 695.10 Td (of ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 317.34 695.10 Td (6,104,500) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 352.00 695.10 Td ( ) Tj ET Q q 0 0 0 rg BT 354.60 695.10 Td (units ) Tj ET Q q 0 0 0 rg BT 373.66 695.10 Td (at ) Tj ET Q q 0 0 0 rg BT 382.76 695.10 Td (an ) Tj ET Q q 0 0 0 rg BT 394.03 695.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 427.38 695.10 Td (price ) Tj ET Q q 0 0 0 rg BT 446.86 695.10 Td (of ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 455.96 695.10 Td ($8.45) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 475.46 695.10 Td ( ) Tj ET Q q 0 0 0 rg BT 478.06 695.10 Td (per ) Tj ET Q q 0 0 0 rg BT 491.92 695.10 Td (unit, ) Tj ET Q q 0 0 0 rg BT 509.25 695.10 Td (for ) Tj ET Q q 0 0 0 rg BT 520.94 695.10 Td (gross ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 683.70 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 106.22 683.70 Td (of ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 114.88 683.70 Td ($51.6 ) Tj ET Q q 0 0 0 rg BT 136.54 683.70 Td (million) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 158.62 683.70 Td (.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 666.30 Td (On ) Tj ET Q q 0 0 0 rg BT 84.26 666.30 Td (June ) Tj ET Q q 0 0 0 rg BT 103.01 666.30 Td (24, ) Tj ET Q q 0 0 0 rg BT 115.70 666.30 Td (2016, ) Tj ET Q q 0 0 0 rg BT 137.06 666.30 Td (the ) Tj ET Q q 0 0 0 rg BT 149.75 666.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 167.36 666.30 Td ( ) Tj ET Q q 0 0 0 rg BT 169.22 666.30 Td (completed ) Tj ET Q q 0 0 0 rg BT 207.03 666.30 Td (a ) Tj ET Q q 0 0 0 rg BT 213.22 666.30 Td (bought ) Tj ET Q q 0 0 0 rg BT 238.91 666.30 Td (deal ) Tj ET Q q 0 0 0 rg BT 255.50 666.30 Td (of) Tj ET Q q 0 0 0 rg BT 261.87 666.30 Td (fering ) Tj ET Q q 0 0 0 rg BT 283.21 666.30 Td (of ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 291.57 666.30 Td (4,531,137) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 326.24 666.30 Td ( ) Tj ET Q q 0 0 0 rg BT 328.10 666.30 Td (units ) Tj ET Q q 0 0 0 rg BT 346.42 666.30 Td (at ) Tj ET Q q 0 0 0 rg BT 354.78 666.30 Td (an ) Tj ET Q q 0 0 0 rg BT 365.30 666.30 Td (issuance ) Tj ET Q q 0 0 0 rg BT 397.91 666.30 Td (price ) Tj ET Q q 0 0 0 rg BT 416.66 666.30 Td (of ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 425.02 666.30 Td ($7.85) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 444.51 666.30 Td ( ) Tj ET Q q 0 0 0 rg BT 446.38 666.30 Td (per ) Tj ET Q q 0 0 0 rg BT 459.49 666.30 Td (unit, ) Tj ET Q q 0 0 0 rg BT 476.08 666.30 Td (for ) Tj ET Q q 0 0 0 rg BT 487.04 666.30 Td (gross ) Tj ET Q q 0 0 0 rg BT 507.95 666.30 Td (proceeds ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 654.90 Td (of ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 80.67 654.90 Td ($35.6 ) Tj ET Q q 0 0 0 rg BT 102.33 654.90 Td (million) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 124.41 654.90 Td (. ) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 637.50 Td (Normal ) Tj ET Q q 0 0 0 rg BT 99.27 637.50 Td (course ) Tj ET Q q 0 0 0 rg BT 124.82 637.50 Td (issuer ) Tj ET Q q 0 0 0 rg BT 147.77 637.50 Td (bid) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 620.10 Td (On ) Tj ET Q q 0 0 0 rg BT 84.48 620.10 Td (March ) Tj ET Q q 0 0 0 rg BT 108.20 620.10 Td (2, ) Tj ET Q q 0 0 0 rg BT 116.78 620.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 138.35 620.10 Td (the ) Tj ET Q q 0 0 0 rg BT 151.27 620.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 168.87 620.10 Td ( ) Tj ET Q q 0 0 0 rg BT 170.95 620.10 Td (renewed ) Tj ET Q q 0 0 0 rg BT 202.91 620.10 Td (its ) Tj ET Q q 0 0 0 rg BT 212.78 620.10 Td (normal ) Tj ET Q q 0 0 0 rg BT 238.67 620.10 Td (course ) Tj ET Q q 0 0 0 rg BT 264.14 620.10 Td (issuer ) Tj ET Q q 0 0 0 rg BT 287.00 620.10 Td (bid ) Tj ET Q q 0 0 0 rg BT 299.47 620.10 Td (\("NCIB"\), ) Tj ET Q q 0 0 0 rg BT 333.04 620.10 Td (whereby ) Tj ET Q q 0 0 0 rg BT 364.56 620.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.48 620.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 395.08 620.10 Td ( ) Tj ET Q q 0 0 0 rg BT 397.16 620.10 Td (may ) Tj ET Q q 0 0 0 rg BT 413.96 620.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 448.09 620.10 Td (up ) Tj ET Q q 0 0 0 rg BT 458.83 620.10 Td (to ) Tj ET Q q 0 0 0 rg BT 467.41 620.10 Td (3,890,593 ) Tj ET Q q 0 0 0 rg BT 504.15 620.10 Td (trust ) Tj ET Q q 0 0 0 rg BT 521.39 620.10 Td (units, ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 608.70 Td (subject ) Tj ET Q q 0 0 0 rg BT 98.72 608.70 Td (to ) Tj ET Q q 0 0 0 rg BT 107.25 608.70 Td (certain ) Tj ET Q q 0 0 0 rg BT 132.67 608.70 Td (restrictions. ) Tj ET Q q 0 0 0 rg BT 174.42 608.70 Td (The ) Tj ET Q q 0 0 0 rg BT 189.87 608.70 Td (renewed ) Tj ET Q q 0 0 0 rg BT 221.79 608.70 Td (NCIB ) Tj ET Q q 0 0 0 rg BT 242.43 608.70 Td (expires ) Tj ET Q q 0 0 0 rg BT 269.57 608.70 Td (on ) Tj ET Q q 0 0 0 rg BT 280.27 608.70 Td (the ) Tj ET Q q 0 0 0 rg BT 293.14 608.70 Td (earlier ) Tj ET Q q 0 0 0 rg BT 316.82 608.70 Td (of ) Tj ET Q q 0 0 0 rg BT 325.35 608.70 Td (March ) Tj ET Q q 0 0 0 rg BT 349.03 608.70 Td (1, ) Tj ET Q q 0 0 0 rg BT 357.56 608.70 Td (2018 ) Tj ET Q q 0 0 0 rg BT 376.93 608.70 Td (and ) Tj ET Q q 0 0 0 rg BT 391.96 608.70 Td ( ) Tj ET Q q 0 0 0 rg BT 393.99 608.70 Td (the ) Tj ET Q q 0 0 0 rg BT 406.86 608.70 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 447.87 608.70 Td (of ) Tj ET Q q 0 0 0 rg BT 456.40 608.70 Td (the ) Tj ET Q q 0 0 0 rg BT 469.27 608.70 Td (maximum ) Tj ET Q q 0 0 0 rg BT 505.06 608.70 Td (number ) Tj ET Q q 0 0 0 rg BT 533.51 608.70 Td (of ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 597.30 Td (trust ) Tj ET Q q 0 0 0 rg BT 89.32 597.30 Td (units. ) Tj ET Q q 0 0 0 rg BT 110.11 597.30 Td ( ) Tj ET Q q 0 0 0 rg BT 112.28 597.30 Td (No ) Tj ET Q q 0 0 0 rg BT 124.40 597.30 Td (trust ) Tj ET Q q 0 0 0 rg BT 141.72 597.30 Td (units ) Tj ET Q q 0 0 0 rg BT 160.35 597.30 Td (were ) Tj ET Q q 0 0 0 rg BT 179.39 597.30 Td (purchased ) Tj ET Q q 0 0 0 rg BT 217.94 597.30 Td (during ) Tj ET Q q 0 0 0 rg BT 241.76 597.30 Td (the ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 254.76 597.30 Td (six ) Tj ET Q q 0 0 0 rg BT 266.45 597.30 Td (month ) Tj ET Q q 0 0 0 rg BT 290.27 597.30 Td (period ) Tj ET Q q 0 0 0 rg BT 314.09 597.30 Td (ended ) Tj ET Q q 0 0 0 rg BT 337.92 597.30 Td (June ) Tj ET Q q 0 0 0 rg BT 356.98 597.30 Td (30, ) Tj ET Q q 0 0 0 rg BT 369.98 597.30 Td (2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 387.31 597.30 Td ( ) Tj ET Q q 0 0 0 rg BT 389.48 597.30 Td (\() Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 392.07 597.30 Td (June30, ) Tj ET Q q 0 0 0 rg BT 424.13 597.30 Td (2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 441.46 597.30 Td ( ) Tj ET Q q 0 0 0 rg BT 443.62 597.30 Td (- ) Tj ET Q q 0 0 0 rg BT 448.38 597.30 Td (50,813 ) Tj ET Q q 0 0 0 rg BT 474.38 597.30 Td (trust ) Tj ET Q q 0 0 0 rg BT 491.70 597.30 Td (units\). ) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 579.90 Td (T) Tj ET Q q 0 0 0 rg BT 76.41 579.90 Td (rustee ) Tj ET Q q 0 0 0 rg BT 100.23 579.90 Td (deferred ) Tj ET Q q 0 0 0 rg BT 131.41 579.90 Td (unit ) Tj ET Q q 0 0 0 rg BT 146.14 579.90 Td (plan) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 562.50 Td (Ef) Tj ET Q q 0 0 0 rg BT 79.23 562.50 Td (fective ) Tj ET Q q 0 0 0 rg BT 103.14 562.50 Td (May ) Tj ET Q q 0 0 0 rg BT 119.26 562.50 Td (26, ) Tj ET Q q 0 0 0 rg BT 131.48 562.50 Td (2015, ) Tj ET Q q 0 0 0 rg BT 152.37 562.50 Td (the ) Tj ET Q q 0 0 0 rg BT 164.60 562.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 182.21 562.50 Td ( ) Tj ET Q q 0 0 0 rg BT 183.60 562.50 Td (adopted ) Tj ET Q q 0 0 0 rg BT 213.16 562.50 Td (a ) Tj ET Q q 0 0 0 rg BT 218.88 562.50 Td (deferred ) Tj ET Q q 0 0 0 rg BT 249.29 562.50 Td (unit ) Tj ET Q q 0 0 0 rg BT 263.25 562.50 Td (plan ) Tj ET Q q 0 0 0 rg BT 279.37 562.50 Td (for ) Tj ET Q q 0 0 0 rg BT 289.77 562.50 Td (T) Tj ET Q q 0 0 0 rg BT 294.25 562.50 Td (rustees ) Tj ET Q q 0 0 0 rg BT 321.19 562.50 Td (of ) Tj ET Q q 0 0 0 rg BT 329.08 562.50 Td (the ) Tj ET Q q 0 0 0 rg BT 341.31 562.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 358.92 562.50 Td ( ) Tj ET Q q 0 0 0 rg BT 360.31 562.50 Td (\(the ) Tj ET Q q 0 0 0 rg BT 375.13 562.50 Td (T) Tj ET Q q 0 0 0 rg BT 382.20 562.50 Td (rustee ) Tj ET Q q 0 0 0 rg BT 405.25 562.50 Td (DUP\). ) Tj ET Q q 0 0 0 rg BT 430.35 562.50 Td (T) Tj ET Q q 0 0 0 rg BT 434.83 562.50 Td (rustees ) Tj ET Q q 0 0 0 rg BT 461.77 562.50 Td (who ) Tj ET Q q 0 0 0 rg BT 477.45 562.50 Td (are ) Tj ET Q q 0 0 0 rg BT 490.10 562.50 Td (not ) Tj ET Q q 0 0 0 rg BT 502.33 562.50 Td (employees ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 551.10 Td (of ) Tj ET Q q 0 0 0 rg BT 81.35 551.10 Td (the ) Tj ET Q q 0 0 0 rg BT 95.04 551.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 112.65 551.10 Td ( ) Tj ET Q q 0 0 0 rg BT 115.50 551.10 Td (or ) Tj ET Q q 0 0 0 rg BT 125.28 551.10 Td (the ) Tj ET Q q 0 0 0 rg BT 138.96 551.10 Td (Manager) Tj ET Q q 0 0 0 rg BT 169.28 551.10 Td (, ) Tj ET Q q 0 0 0 rg BT 174.30 551.10 Td (Slate ) Tj ET Q q 0 0 0 rg BT 194.35 551.10 Td (Asset ) Tj ET Q q 0 0 0 rg BT 216.69 551.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 265.02 551.10 Td (L.P) Tj ET Q q 0 0 0 rg BT 275.71 551.10 Td (., ) Tj ET Q q 0 0 0 rg BT 282.90 551.10 Td (or ) Tj ET Q q 0 0 0 rg BT 292.68 551.10 Td (any ) Tj ET Q q 0 0 0 rg BT 308.09 551.10 Td (of ) Tj ET Q q 0 0 0 rg BT 317.44 551.10 Td (their ) Tj ET Q q 0 0 0 rg BT 335.45 551.10 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 381.61 551.10 Td (are ) Tj ET Q q 0 0 0 rg BT 395.72 551.10 Td (eligible ) Tj ET Q q 0 0 0 rg BT 422.83 551.10 Td (to ) Tj ET Q q 0 0 0 rg BT 432.18 551.10 Td (participate ) Tj ET Q q 0 0 0 rg BT 470.98 551.10 Td (in ) Tj ET Q q 0 0 0 rg BT 479.89 551.10 Td (the ) Tj ET Q q 0 0 0 rg BT 493.40 551.10 Td (T) Tj ET Q q 0 0 0 rg BT 497.88 551.10 Td (rustee ) Tj ET Q q 0 0 0 rg BT 522.38 551.10 Td (DUP) Tj ET Q q 0 0 0 rg BT 537.83 551.10 Td (. ) Tj ET Q q 0 0 0 rg BT 542.16 551.10 Td ( ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 539.70 Td (Participants ) Tj ET Q q 0 0 0 rg BT 114.67 539.70 Td (may ) Tj ET Q q 0 0 0 rg BT 131.35 539.70 Td (elect ) Tj ET Q q 0 0 0 rg BT 149.77 539.70 Td (to ) Tj ET Q q 0 0 0 rg BT 158.23 539.70 Td (receive ) Tj ET Q q 0 0 0 rg BT 185.31 539.70 Td (all ) Tj ET Q q 0 0 0 rg BT 195.06 539.70 Td (or ) Tj ET Q q 0 0 0 rg BT 203.95 539.70 Td (a ) Tj ET Q q 0 0 0 rg BT 210.25 539.70 Td (portion ) Tj ET Q q 0 0 0 rg BT 236.03 539.70 Td (of ) Tj ET Q q 0 0 0 rg BT 244.49 539.70 Td (their ) Tj ET Q q 0 0 0 rg BT 261.61 539.70 Td (annual ) Tj ET Q q 0 0 0 rg BT 286.96 539.70 Td (retainer) Tj ET Q q 0 0 0 rg BT 312.95 539.70 Td (, ) Tj ET Q q 0 0 0 rg BT 317.08 539.70 Td (meeting ) Tj ET Q q 0 0 0 rg BT 346.76 539.70 Td (fees ) Tj ET Q q 0 0 0 rg BT 363.45 539.70 Td (and ) Tj ET Q q 0 0 0 rg BT 378.41 539.70 Td (additional ) Tj ET Q q 0 0 0 rg BT 413.73 539.70 Td (compensation ) Tj ET Q q 0 0 0 rg BT 464.19 539.70 Td (\(including ) Tj ET Q q 0 0 0 rg BT 499.50 539.70 Td (travel ) Tj ET Q q 0 0 0 rg BT 520.52 539.70 Td (fees\), ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 528.30 Td (in ) Tj ET Q q 0 0 0 rg BT 80.53 528.30 Td (deferred ) Tj ET Q q 0 0 0 rg BT 112.02 528.30 Td (units. ) Tj ET Q q 0 0 0 rg BT 133.11 528.30 Td (One ) Tj ET Q q 0 0 0 rg BT 150.31 528.30 Td (deferred ) Tj ET Q q 0 0 0 rg BT 181.79 528.30 Td (unit, ) Tj ET Q q 0 0 0 rg BT 198.99 528.30 Td (which ) Tj ET Q q 0 0 0 rg BT 221.37 528.30 Td (vests ) Tj ET Q q 0 0 0 rg BT 242.03 528.30 Td (immediately ) Tj ET Q q 0 0 0 rg BT 286.07 528.30 Td (on ) Tj ET Q q 0 0 0 rg BT 297.20 528.30 Td (the ) Tj ET Q q 0 0 0 rg BT 310.50 528.30 Td (grant ) Tj ET Q q 0 0 0 rg BT 330.73 528.30 Td (date, ) Tj ET Q q 0 0 0 rg BT 350.53 528.30 Td (is ) Tj ET Q q 0 0 0 rg BT 358.62 528.30 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 396.61 528.30 Td (to ) Tj ET Q q 0 0 0 rg BT 405.58 528.30 Td (one ) Tj ET Q q 0 0 0 rg BT 421.05 528.30 Td (trust ) Tj ET Q q 0 0 0 rg BT 438.67 528.30 Td (unit. ) Tj ET Q q 0 0 0 rg BT 455.38 528.30 Td (Additional ) Tj ET Q q 0 0 0 rg BT 492.07 528.30 Td (deferred ) Tj ET Q q 0 0 0 rg BT 523.55 528.30 Td (units ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 516.90 Td (accumulate ) Tj ET Q q 0 0 0 rg BT 114.01 516.90 Td (at ) Tj ET Q q 0 0 0 rg BT 122.67 516.90 Td (the ) Tj ET Q q 0 0 0 rg BT 135.67 516.90 Td (same ) Tj ET Q q 0 0 0 rg BT 156.89 516.90 Td (rate ) Tj ET Q q 0 0 0 rg BT 172.48 516.90 Td (that ) Tj ET Q q 0 0 0 rg BT 187.65 516.90 Td (distributions ) Tj ET Q q 0 0 0 rg BT 231.39 516.90 Td (are ) Tj ET Q q 0 0 0 rg BT 244.81 516.90 Td (paid ) Tj ET Q q 0 0 0 rg BT 261.71 516.90 Td (on ) Tj ET Q q 0 0 0 rg BT 272.54 516.90 Td (the ) Tj ET Q q 0 0 0 rg BT 285.53 516.90 Td (trust ) Tj ET Q q 0 0 0 rg BT 302.86 516.90 Td (units.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 499.50 Td (The ) Tj ET Q q 0 0 0 rg BT 87.57 499.50 Td (deferred ) Tj ET Q q 0 0 0 rg BT 118.73 499.50 Td (units ) Tj ET Q q 0 0 0 rg BT 137.34 499.50 Td (may ) Tj ET Q q 0 0 0 rg BT 154.21 499.50 Td (be ) Tj ET Q q 0 0 0 rg BT 165.02 499.50 Td (redeemed ) Tj ET Q q 0 0 0 rg BT 202.25 499.50 Td (by ) Tj ET Q q 0 0 0 rg BT 212.62 499.50 Td (a ) Tj ET Q q 0 0 0 rg BT 219.10 499.50 Td (participant ) Tj ET Q q 0 0 0 rg BT 257.20 499.50 Td (for ) Tj ET Q q 0 0 0 rg BT 268.44 499.50 Td (a ) Tj ET Q q 0 0 0 rg BT 274.92 499.50 Td (period ) Tj ET Q q 0 0 0 rg BT 298.72 499.50 Td (of ) Tj ET Q q 0 0 0 rg BT 307.36 499.50 Td (two ) Tj ET Q q 0 0 0 rg BT 321.63 499.50 Td (years ) Tj ET Q q 0 0 0 rg BT 342.83 499.50 Td (after ) Tj ET Q q 0 0 0 rg BT 360.57 499.50 Td (the ) Tj ET Q q 0 0 0 rg BT 373.55 499.50 Td (participant ) Tj ET Q q 0 0 0 rg BT 411.64 499.50 Td (ceases ) Tj ET Q q 0 0 0 rg BT 438.48 499.50 Td (to ) Tj ET Q q 0 0 0 rg BT 447.12 499.50 Td (be ) Tj ET Q q 0 0 0 rg BT 457.94 499.50 Td (a ) Tj ET Q q 0 0 0 rg BT 464.28 499.50 Td (T) Tj ET Q q 0 0 0 rg BT 468.76 499.50 Td (rustee ) Tj ET Q q 0 0 0 rg BT 492.56 499.50 Td (of ) Tj ET Q q 0 0 0 rg BT 501.21 499.50 Td (the ) Tj ET Q q 0 0 0 rg BT 514.18 499.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 531.79 499.50 Td ( ) Tj ET Q q 0 0 0 rg BT 533.94 499.50 Td (in ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 488.10 Td (whole ) Tj ET Q q 0 0 0 rg BT 94.78 488.10 Td (or ) Tj ET Q q 0 0 0 rg BT 104.14 488.10 Td (in ) Tj ET Q q 0 0 0 rg BT 112.64 488.10 Td (part ) Tj ET Q q 0 0 0 rg BT 128.49 488.10 Td (for ) Tj ET Q q 0 0 0 rg BT 140.02 488.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 158.91 488.10 Td (or ) Tj ET Q q 0 0 0 rg BT 168.26 488.10 Td (trust ) Tj ET Q q 0 0 0 rg BT 185.85 488.10 Td (units. ) Tj ET Q q 0 0 0 rg BT 206.76 488.10 Td (The ) Tj ET Q q 0 0 0 rg BT 222.61 488.10 Td (value ) Tj ET Q q 0 0 0 rg BT 243.67 488.10 Td (of ) Tj ET Q q 0 0 0 rg BT 252.60 488.10 Td (the ) Tj ET Q q 0 0 0 rg BT 265.87 488.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 297.31 488.10 Td (units ) Tj ET Q q 0 0 0 rg BT 316.20 488.10 Td (when ) Tj ET Q q 0 0 0 rg BT 337.26 488.10 Td (converted ) Tj ET Q q 0 0 0 rg BT 373.90 488.10 Td (to ) Tj ET Q q 0 0 0 rg BT 382.83 488.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 401.72 488.10 Td (will ) Tj ET Q q 0 0 0 rg BT 414.97 488.10 Td (be ) Tj ET Q q 0 0 0 rg BT 426.07 488.10 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 464.02 488.10 Td (to ) Tj ET Q q 0 0 0 rg BT 472.95 488.10 Td (the ) Tj ET Q q 0 0 0 rg BT 486.21 488.10 Td (market ) Tj ET Q q 0 0 0 rg BT 512.46 488.10 Td (value ) Tj ET Q q 0 0 0 rg BT 533.51 488.10 Td (of ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 476.70 Td (trust ) Tj ET Q q 0 0 0 rg BT 89.32 476.70 Td (units ) Tj ET Q q 0 0 0 rg BT 107.95 476.70 Td (on ) Tj ET Q q 0 0 0 rg BT 118.78 476.70 Td (the ) Tj ET Q q 0 0 0 rg BT 131.78 476.70 Td (date ) Tj ET Q q 0 0 0 rg BT 149.11 476.70 Td (of ) Tj ET Q q 0 0 0 rg BT 157.77 476.70 Td (the ) Tj ET Q q 0 0 0 rg BT 170.77 476.70 Td (redemption ) Tj ET Q q 0 0 0 rg BT 211.91 476.70 Td (request. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 458.70 Td (As ) Tj ET Q q 0 0 0 rg BT 83.17 458.70 Td (at ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 91.75 458.70 Td (June30, ) Tj ET Q q 0 0 0 rg BT 123.73 458.70 Td (2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 141.06 458.70 Td (, ) Tj ET Q q 0 0 0 rg BT 145.30 458.70 Td (the ) Tj ET Q q 0 0 0 rg BT 158.22 458.70 Td (liability ) Tj ET Q q 0 0 0 rg BT 183.68 458.70 Td (associated ) Tj ET Q q 0 0 0 rg BT 223.01 458.70 Td (with ) Tj ET Q q 0 0 0 rg BT 238.94 458.70 Td (the ) Tj ET Q q 0 0 0 rg BT 251.85 458.70 Td (deferred ) Tj ET Q q 0 0 0 rg BT 282.95 458.70 Td (units ) Tj ET Q q 0 0 0 rg BT 301.49 458.70 Td (issued ) Tj ET Q q 0 0 0 rg BT 326.09 458.70 Td (under ) Tj ET Q q 0 0 0 rg BT 348.10 458.70 Td (the ) Tj ET Q q 0 0 0 rg BT 360.88 458.70 Td (T) Tj ET Q q 0 0 0 rg BT 365.35 458.70 Td (rustee ) Tj ET Q q 0 0 0 rg BT 389.09 458.70 Td (DUP) Tj ET Q q 0 0 0 rg BT 405.40 458.70 Td ( ) Tj ET Q q 0 0 0 rg BT 407.48 458.70 Td (was ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 423.41 458.70 Td ($0.4 ) Tj ET Q q 0 0 0 rg BT 440.65 458.70 Td (million) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 462.73 458.70 Td ( ) Tj ET Q q 0 0 0 rg BT 464.81 458.70 Td (\() Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 467.40 458.70 Td (June30, ) Tj ET Q q 0 0 0 rg BT 499.38 458.70 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.71 458.70 Td ( ) Tj ET Q q 0 0 0 rg BT 519.11 458.70 Td (- ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 524.84 458.70 Td ($0.2 ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 447.30 Td (million) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 94.08 447.30 Td (\), ) Tj ET Q q 0 0 0 rg BT 101.00 447.30 Td (and ) Tj ET Q q 0 0 0 rg BT 116.17 447.30 Td (the ) Tj ET Q q 0 0 0 rg BT 129.17 447.30 Td (number ) Tj ET Q q 0 0 0 rg BT 157.74 447.30 Td (of ) Tj ET Q q 0 0 0 rg BT 166.41 447.30 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 208.86 447.30 Td (deferred ) Tj ET Q q 0 0 0 rg BT 240.05 447.30 Td (units ) Tj ET Q q 0 0 0 rg BT 258.67 447.30 Td (was ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 274.69 447.30 Td (57,648) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 298.52 447.30 Td ( ) Tj ET Q q 0 0 0 rg BT 300.68 447.30 Td (\() Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 303.28 447.30 Td (June30, ) Tj ET Q q 0 0 0 rg BT 335.34 447.30 Td (2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 352.67 447.30 Td ( ) Tj ET Q q 0 0 0 rg BT 354.83 447.30 Td (- ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 359.59 447.30 Td (27,897) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 383.42 447.30 Td ( ) Tj ET Q q 0 0 0 rg BT 385.59 447.30 Td (units\).) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 429.90 Td (Of) Tj ET Q q 0 0 0 rg BT 80.06 429.90 Td (ficer ) Tj ET Q q 0 0 0 rg BT 96.94 429.90 Td (deferred ) Tj ET Q q 0 0 0 rg BT 128.13 429.90 Td (unit ) Tj ET Q q 0 0 0 rg BT 142.85 429.90 Td (plan) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 412.50 Td (On ) Tj ET Q q 0 0 0 rg BT 84.55 412.50 Td (March ) Tj ET Q q 0 0 0 rg BT 108.35 412.50 Td (21, ) Tj ET Q q 0 0 0 rg BT 121.34 412.50 Td (2016, ) Tj ET Q q 0 0 0 rg BT 142.99 412.50 Td (the ) Tj ET Q q 0 0 0 rg BT 155.98 412.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 173.59 412.50 Td ( ) Tj ET Q q 0 0 0 rg BT 175.74 412.50 Td (adopted ) Tj ET Q q 0 0 0 rg BT 206.06 412.50 Td (a ) Tj ET Q q 0 0 0 rg BT 212.55 412.50 Td (deferred ) Tj ET Q q 0 0 0 rg BT 243.72 412.50 Td (unit ) Tj ET Q q 0 0 0 rg BT 258.44 412.50 Td (plan ) Tj ET Q q 0 0 0 rg BT 275.32 412.50 Td (for ) Tj ET Q q 0 0 0 rg BT 286.57 412.50 Td (of) Tj ET Q q 0 0 0 rg BT 292.93 412.50 Td (ficers ) Tj ET Q q 0 0 0 rg BT 313.71 412.50 Td (of ) Tj ET Q q 0 0 0 rg BT 322.36 412.50 Td (the ) Tj ET Q q 0 0 0 rg BT 335.35 412.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 352.96 412.50 Td ( ) Tj ET Q q 0 0 0 rg BT 355.11 412.50 Td (\(the ) Tj ET Q q 0 0 0 rg BT 370.69 412.50 Td ("Of) Tj ET Q q 0 0 0 rg BT 381.55 412.50 Td (ficer ) Tj ET Q q 0 0 0 rg BT 398.43 412.50 Td (DUP"\). ) Tj ET Q q 0 0 0 rg BT 424.41 412.50 Td (The ) Tj ET Q q 0 0 0 rg BT 439.99 412.50 Td (Of) Tj ET Q q 0 0 0 rg BT 448.09 412.50 Td (ficer ) Tj ET Q q 0 0 0 rg BT 464.96 412.50 Td (DUP) Tj ET Q q 0 0 0 rg BT 481.27 412.50 Td ( ) Tj ET Q q 0 0 0 rg BT 483.42 412.50 Td (provides ) Tj ET Q q 0 0 0 rg BT 515.03 412.50 Td (of) Tj ET Q q 0 0 0 rg BT 521.39 412.50 Td (ficers ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 80.49 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 93.32 401.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 110.93 401.10 Td ( ) Tj ET Q q 0 0 0 rg BT 112.92 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 125.75 401.10 Td (opportunity ) Tj ET Q q 0 0 0 rg BT 166.29 401.10 Td (to ) Tj ET Q q 0 0 0 rg BT 174.78 401.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 201.89 401.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 232.90 401.10 Td (units ) Tj ET Q q 0 0 0 rg BT 251.35 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 259.85 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 272.67 401.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 289.55 401.10 Td (. ) Tj ET Q q 0 0 0 rg BT 293.59 401.10 Td (The ) Tj ET Q q 0 0 0 rg BT 309.01 401.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 344.76 401.10 Td (number ) Tj ET Q q 0 0 0 rg BT 373.17 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 381.66 401.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 412.67 401.10 Td (units ) Tj ET Q q 0 0 0 rg BT 431.13 401.10 Td (reserved ) Tj ET Q q 0 0 0 rg BT 463.43 401.10 Td (for ) Tj ET Q q 0 0 0 rg BT 474.52 401.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 507.26 401.10 Td (under ) Tj ET Q q 0 0 0 rg BT 529.18 401.10 Td (the ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 389.70 Td (Of) Tj ET Q q 0 0 0 rg BT 80.09 389.70 Td (ficer ) Tj ET Q q 0 0 0 rg BT 96.98 389.70 Td (DUP) Tj ET Q q 0 0 0 rg BT 113.29 389.70 Td ( ) Tj ET Q q 0 0 0 rg BT 115.46 389.70 Td (is ) Tj ET Q q 0 0 0 rg BT 123.25 389.70 Td (1% ) Tj ET Q q 0 0 0 rg BT 136.68 389.70 Td (of ) Tj ET Q q 0 0 0 rg BT 145.35 389.70 Td (total ) Tj ET Q q 0 0 0 rg BT 162.25 389.70 Td (units ) Tj ET Q q 0 0 0 rg BT 180.88 389.70 Td (outstanding. ) Tj ET Q q 0 0 0 rg BT 225.50 389.70 Td (One ) Tj ET Q q 0 0 0 rg BT 242.40 389.70 Td (deferred ) Tj ET Q q 0 0 0 rg BT 273.58 389.70 Td (unit, ) Tj ET Q q 0 0 0 rg BT 290.48 389.70 Td (which ) Tj ET Q q 0 0 0 rg BT 312.56 389.70 Td (vests ) Tj ET Q q 0 0 0 rg BT 332.92 389.70 Td (immediately ) Tj ET Q q 0 0 0 rg BT 376.66 389.70 Td (on ) Tj ET Q q 0 0 0 rg BT 387.49 389.70 Td (the ) Tj ET Q q 0 0 0 rg BT 400.49 389.70 Td (grant ) Tj ET Q q 0 0 0 rg BT 420.42 389.70 Td (date, ) Tj ET Q q 0 0 0 rg BT 439.92 389.70 Td (is ) Tj ET Q q 0 0 0 rg BT 447.71 389.70 Td (equal ) Tj ET Q q 0 0 0 rg BT 468.94 389.70 Td (to ) Tj ET Q q 0 0 0 rg BT 477.61 389.70 Td (one ) Tj ET Q q 0 0 0 rg BT 492.78 389.70 Td (trust ) Tj ET Q q 0 0 0 rg BT 510.10 389.70 Td (unit. ) Tj ET Q q 0 0 0 rg BT 526.57 389.70 Td (Any ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 378.30 Td (units ) Tj ET Q q 0 0 0 rg BT 89.83 378.30 Td (issued ) Tj ET Q q 0 0 0 rg BT 113.72 378.30 Td (under ) Tj ET Q q 0 0 0 rg BT 135.01 378.30 Td (the ) Tj ET Q q 0 0 0 rg BT 147.21 378.30 Td (Of) Tj ET Q q 0 0 0 rg BT 155.30 378.30 Td (ficer ) Tj ET Q q 0 0 0 rg BT 171.39 378.30 Td (DUP) Tj ET Q q 0 0 0 rg BT 187.70 378.30 Td ( ) Tj ET Q q 0 0 0 rg BT 189.07 378.30 Td (will ) Tj ET Q q 0 0 0 rg BT 201.25 378.30 Td (result ) Tj ET Q q 0 0 0 rg BT 221.67 378.30 Td (in ) Tj ET Q q 0 0 0 rg BT 229.10 378.30 Td (an ) Tj ET Q q 0 0 0 rg BT 239.13 378.30 Td (equal ) Tj ET Q q 0 0 0 rg BT 259.56 378.30 Td (reduction ) Tj ET Q q 0 0 0 rg BT 292.98 378.30 Td (and ) Tj ET Q q 0 0 0 rg BT 307.35 378.30 Td (of) Tj ET Q q 0 0 0 rg BT 313.71 378.30 Td (fsetting ) Tj ET Q q 0 0 0 rg BT 340.20 378.30 Td (in ) Tj ET Q q 0 0 0 rg BT 347.64 378.30 Td (the ) Tj ET Q q 0 0 0 rg BT 359.84 378.30 Td (asset ) Tj ET Q q 0 0 0 rg BT 379.83 378.30 Td (management ) Tj ET Q q 0 0 0 rg BT 426.67 378.30 Td (fee ) Tj ET Q q 0 0 0 rg BT 438.87 378.30 Td (payable ) Tj ET Q q 0 0 0 rg BT 467.53 378.30 Td (to ) Tj ET Q q 0 0 0 rg BT 475.40 378.30 Td (Slate ) Tj ET Q q 0 0 0 rg BT 494.52 378.30 Td (Management ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 366.90 Td (Corporation, ) Tj ET Q q 0 0 0 rg BT 117.03 366.90 Td (based ) Tj ET Q q 0 0 0 rg BT 140.43 366.90 Td (on ) Tj ET Q q 0 0 0 rg BT 151.26 366.90 Td (the ) Tj ET Q q 0 0 0 rg BT 164.26 366.90 Td (trading ) Tj ET Q q 0 0 0 rg BT 190.24 366.90 Td (price ) Tj ET Q q 0 0 0 rg BT 209.29 366.90 Td (of ) Tj ET Q q 0 0 0 rg BT 217.96 366.90 Td (units ) Tj ET Q q 0 0 0 rg BT 236.59 366.90 Td (on ) Tj ET Q q 0 0 0 rg BT 247.42 366.90 Td (the ) Tj ET Q q 0 0 0 rg BT 260.42 366.90 Td (day ) Tj ET Q q 0 0 0 rg BT 275.14 366.90 Td (of ) Tj ET Q q 0 0 0 rg BT 283.81 366.90 Td (issuance. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 349.50 Td (The ) Tj ET Q q 0 0 0 rg BT 87.58 349.50 Td (deferred ) Tj ET Q q 0 0 0 rg BT 118.76 349.50 Td (units ) Tj ET Q q 0 0 0 rg BT 137.38 349.50 Td (may ) Tj ET Q q 0 0 0 rg BT 154.26 349.50 Td (be ) Tj ET Q q 0 0 0 rg BT 165.08 349.50 Td (redeemed ) Tj ET Q q 0 0 0 rg BT 202.32 349.50 Td (by ) Tj ET Q q 0 0 0 rg BT 212.71 349.50 Td (a ) Tj ET Q q 0 0 0 rg BT 219.20 349.50 Td (participant ) Tj ET Q q 0 0 0 rg BT 257.31 349.50 Td (after ) Tj ET Q q 0 0 0 rg BT 275.06 349.50 Td (two ) Tj ET Q q 0 0 0 rg BT 289.34 349.50 Td (years ) Tj ET Q q 0 0 0 rg BT 310.55 349.50 Td (following ) Tj ET Q q 0 0 0 rg BT 343.02 349.50 Td (the ) Tj ET Q q 0 0 0 rg BT 356.02 349.50 Td (date ) Tj ET Q q 0 0 0 rg BT 373.34 349.50 Td (the ) Tj ET Q q 0 0 0 rg BT 386.33 349.50 Td (units ) Tj ET Q q 0 0 0 rg BT 404.95 349.50 Td (were ) Tj ET Q q 0 0 0 rg BT 423.99 349.50 Td (issued ) Tj ET Q q 0 0 0 rg BT 448.67 349.50 Td (in ) Tj ET Q q 0 0 0 rg BT 456.90 349.50 Td (whole ) Tj ET Q q 0 0 0 rg BT 479.41 349.50 Td (or ) Tj ET Q q 0 0 0 rg BT 488.49 349.50 Td (in ) Tj ET Q q 0 0 0 rg BT 496.71 349.50 Td (part ) Tj ET Q q 0 0 0 rg BT 512.30 349.50 Td (for ) Tj ET Q q 0 0 0 rg BT 523.55 349.50 Td (cash ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 338.10 Td (or ) Tj ET Q q 0 0 0 rg BT 80.85 338.10 Td (trust ) Tj ET Q q 0 0 0 rg BT 97.93 338.10 Td (units. ) Tj ET Q q 0 0 0 rg BT 118.35 338.10 Td (The ) Tj ET Q q 0 0 0 rg BT 133.70 338.10 Td (value ) Tj ET Q q 0 0 0 rg BT 154.25 338.10 Td (of ) Tj ET Q q 0 0 0 rg BT 162.67 338.10 Td (the ) Tj ET Q q 0 0 0 rg BT 175.42 338.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 206.36 338.10 Td (units ) Tj ET Q q 0 0 0 rg BT 224.74 338.10 Td (when ) Tj ET Q q 0 0 0 rg BT 245.28 338.10 Td (converted ) Tj ET Q q 0 0 0 rg BT 281.42 338.10 Td (to ) Tj ET Q q 0 0 0 rg BT 289.84 338.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 308.22 338.10 Td (will ) Tj ET Q q 0 0 0 rg BT 320.96 338.10 Td (be ) Tj ET Q q 0 0 0 rg BT 331.55 338.10 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 368.99 338.10 Td (to ) Tj ET Q q 0 0 0 rg BT 377.41 338.10 Td (the ) Tj ET Q q 0 0 0 rg BT 390.16 338.10 Td (market ) Tj ET Q q 0 0 0 rg BT 415.90 338.10 Td (value ) Tj ET Q q 0 0 0 rg BT 436.44 338.10 Td (of ) Tj ET Q q 0 0 0 rg BT 444.86 338.10 Td (trust ) Tj ET Q q 0 0 0 rg BT 461.94 338.10 Td (units ) Tj ET Q q 0 0 0 rg BT 480.32 338.10 Td (on ) Tj ET Q q 0 0 0 rg BT 490.91 338.10 Td (the ) Tj ET Q q 0 0 0 rg BT 503.66 338.10 Td (date ) Tj ET Q q 0 0 0 rg BT 520.75 338.10 Td (of ) Tj ET Q q 0 0 0 rg BT 529.17 338.10 Td (the ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 326.70 Td (redemption ) Tj ET Q q 0 0 0 rg BT 113.14 326.70 Td (request. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 309.30 Td (If ) Tj ET Q q 0 0 0 rg BT 78.50 309.30 Td (a ) Tj ET Q q 0 0 0 rg BT 85.00 309.30 Td (participant ) Tj ET Q q 0 0 0 rg BT 123.11 309.30 Td (ceases ) Tj ET Q q 0 0 0 rg BT 149.96 309.30 Td (to ) Tj ET Q q 0 0 0 rg BT 158.63 309.30 Td (be ) Tj ET Q q 0 0 0 rg BT 169.46 309.30 Td (an ) Tj ET Q q 0 0 0 rg BT 180.29 309.30 Td (of) Tj ET Q q 0 0 0 rg BT 186.66 309.30 Td (ficer ) Tj ET Q q 0 0 0 rg BT 203.54 309.30 Td (of ) Tj ET Q q 0 0 0 rg BT 212.21 309.30 Td (the ) Tj ET Q q 0 0 0 rg BT 225.21 309.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 242.09 309.30 Td (, ) Tj ET Q q 0 0 0 rg BT 246.42 309.30 Td (the ) Tj ET Q q 0 0 0 rg BT 259.42 309.30 Td (deferred ) Tj ET Q q 0 0 0 rg BT 290.60 309.30 Td (units ) Tj ET Q q 0 0 0 rg BT 309.23 309.30 Td (must ) Tj ET Q q 0 0 0 rg BT 328.28 309.30 Td (be ) Tj ET Q q 0 0 0 rg BT 339.11 309.30 Td (redeemed ) Tj ET Q q 0 0 0 rg BT 376.35 309.30 Td (no ) Tj ET Q q 0 0 0 rg BT 387.19 309.30 Td (later ) Tj ET Q q 0 0 0 rg BT 404.51 309.30 Td (than ) Tj ET Q q 0 0 0 rg BT 421.84 309.30 Td (two ) Tj ET Q q 0 0 0 rg BT 436.13 309.30 Td (years ) Tj ET Q q 0 0 0 rg BT 457.34 309.30 Td (following ) Tj ET Q q 0 0 0 rg BT 489.82 309.30 Td (that ) Tj ET Q q 0 0 0 rg BT 504.98 309.30 Td (date.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 291.90 Td (As ) Tj ET Q q 0 0 0 rg BT 83.40 291.90 Td (at ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 92.21 291.90 Td (June30, ) Tj ET Q q 0 0 0 rg BT 124.41 291.90 Td (2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 141.74 291.90 Td (, ) Tj ET Q q 0 0 0 rg BT 146.21 291.90 Td (the ) Tj ET Q q 0 0 0 rg BT 159.35 291.90 Td (liability ) Tj ET Q q 0 0 0 rg BT 185.04 291.90 Td (associated ) Tj ET Q q 0 0 0 rg BT 224.60 291.90 Td (with ) Tj ET Q q 0 0 0 rg BT 240.76 291.90 Td (deferred ) Tj ET Q q 0 0 0 rg BT 272.08 291.90 Td (units ) Tj ET Q q 0 0 0 rg BT 290.85 291.90 Td (issued ) Tj ET Q q 0 0 0 rg BT 315.68 291.90 Td (under ) Tj ET Q q 0 0 0 rg BT 337.91 291.90 Td (the ) Tj ET Q q 0 0 0 rg BT 351.05 291.90 Td (Of) Tj ET Q q 0 0 0 rg BT 359.14 291.90 Td (ficer ) Tj ET Q q 0 0 0 rg BT 376.17 291.90 Td (DUP) Tj ET Q q 0 0 0 rg BT 392.47 291.90 Td ( ) Tj ET Q q 0 0 0 rg BT 394.78 291.90 Td (was ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 410.94 291.90 Td ($0.1 ) Tj ET Q q 0 0 0 rg BT 428.41 291.90 Td (million) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 450.49 291.90 Td ( ) Tj ET Q q 0 0 0 rg BT 452.80 291.90 Td (\() Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 455.39 291.90 Td (June30, ) Tj ET Q q 0 0 0 rg BT 487.59 291.90 Td (2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 504.92 291.90 Td ( ) Tj ET Q q 0 0 0 rg BT 507.23 291.90 Td (- ) Tj ET Q q 0 0 0 rg BT 512.13 291.90 Td (nil\), ) Tj ET Q q 0 0 0 rg BT 526.99 291.90 Td (and ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 280.50 Td (the ) Tj ET Q q 0 0 0 rg BT 85.00 280.50 Td (number ) Tj ET Q q 0 0 0 rg BT 113.58 280.50 Td (of ) Tj ET Q q 0 0 0 rg BT 122.24 280.50 Td (deferred ) Tj ET Q q 0 0 0 rg BT 153.43 280.50 Td (units ) Tj ET Q q 0 0 0 rg BT 172.05 280.50 Td (was ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 188.07 280.50 Td (8,077) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 207.56 280.50 Td ( ) Tj ET Q q 0 0 0 rg BT 209.73 280.50 Td (\() Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 212.32 280.50 Td (June30, ) Tj ET Q q 0 0 0 rg BT 244.38 280.50 Td (2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 261.71 280.50 Td ( ) Tj ET Q q 0 0 0 rg BT 263.88 280.50 Td (- ) Tj ET Q q 0 0 0 rg BT 268.64 280.50 Td (nil\).) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 263.10 Td (The change in DUP) Tj ET Q q 0 0 0 rg BT 139.85 263.10 Td ( units during the ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 197.46 263.10 Td (three and six month periods ended June 30, 2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 368.99 263.10 Td ( is as follows:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 252.60000000000002 m 209.5 252.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 209.5 252.60000000000002 m 240.5 252.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 252.60000000000002 m 315.5 252.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 238.60000000000002 m 315.5 238.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 252.60000000000002 m 390.5 252.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315.5 238.60000000000002 m 390.5 238.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 252.60000000000002 m 465.5 252.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 238.60000000000002 m 465.5 238.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 252.60000000000002 m 540.5 252.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 238.60000000000002 m 540.5 238.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 224.60000000000002 m 209.5 224.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 224.60000000000002 m 240.5 224.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 224.60000000000002 m 315.5 224.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315.5 224.60000000000002 m 390.5 224.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 224.60000000000002 m 465.5 224.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 224.60000000000002 m 540.5 224.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 224.60000000000002 m 315.5 224.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315.5 224.60000000000002 m 390.5 224.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 224.60000000000002 m 465.5 224.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 224.60000000000002 m 540.5 224.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 168.60000000000002 m 209.5 168.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 168.60000000000002 m 315.5 168.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315.5 168.60000000000002 m 390.5 168.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 168.60000000000002 m 465.5 168.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 168.60000000000002 m 540.5 168.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 168.60000000000002 m 209.5 168.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 154.60000000000002 m 209.5 154.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 168.60000000000002 m 240.5 168.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 209.5 154.60000000000002 m 240.5 154.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 168.60000000000002 m 315.5 168.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 154.60000000000002 m 315.5 154.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315.5 168.60000000000002 m 390.5 168.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 154.60000000000002 m 390.5 154.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 168.60000000000002 m 465.5 168.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 154.60000000000002 m 465.5 154.60000000000002 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 168.60000000000002 m 540.5 168.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 154.60000000000002 m 540.5 154.60000000000002 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 250.25 243.13 Td (Three months ended June 30, 2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 405.00 243.13 Td (Six months ended June 30, 2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 292.50 229.13 Td (Units) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 357.55 229.13 Td (Amount) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 442.50 229.13 Td (Units) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 507.55 229.13 Td (Amount) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 215.13 Td (Balance, beginning of period) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 288.55 215.13 Td (57,566) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 318.00 215.13 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 374.40 215.13 Td (464) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 438.55 215.13 Td (49,859) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 468.00 215.13 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 524.40 215.13 Td (395) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 201.13 Td (Issued) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 292.90 201.13 Td (6,820) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 378.70 201.13 Td (54) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 438.55 201.13 Td (13,335) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 524.40 201.13 Td (107) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 187.13 Td (Reinvested distributions) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 292.90 187.13 Td (1,339) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 378.70 187.13 Td (11) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 442.90 187.13 Td (2,531) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 528.70 187.13 Td (20) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 173.13 Td (Fair value adjustment) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 304.60 173.13 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 380.45 173.13 Td (\(3) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.40 173.13 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 454.60 173.13 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 533.05 173.13 Td (4) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 75.00 159.13 Td (Balance, end of period) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 288.55 159.13 Td (65,725) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 318.00 159.13 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 374.40 159.13 Td (526) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 438.55 159.13 Td (65,725) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 468.00 159.13 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 524.40 159.13 Td (526) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 37 0 obj <> endobj 38 0 obj <> stream BT /F3 14.00 Tf ET q 0 0 0 rg BT 49.50 769.35 Td ( ) Tj ET Q q 0 0 0 rg BT 67.50 769.35 Td ( SLA) Tj ET Q q 0 0 0 rg BT 92.81 769.35 Td (TE OFFICE REIT) Tj ET Q BT /F3 14.00 Tf ET q 0 0 0 rg BT 72.00 752.55 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 121.55 752.55 Td (O THE CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 304.38 752.55 Td (TED INTERIM FINANCIAL) Tj ET Q q 0 0 0 rg BT 442.55 752.55 Td ( ST) Tj ET Q q 0 0 0 rg BT 459.57 752.55 Td (A) Tj ET Q q 0 0 0 rg BT 467.01 752.55 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 740.55 Td (\(all tabular amounts are expressed in thousands of Canadian dollars, unless otherwise noted\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 728.55 Td (\(unaudited\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 301.25 42.95 Td (Page 17) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 695.10 Td (The change in DUP) Tj ET Q q 0 0 0 rg BT 139.85 695.10 Td ( units during the ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 197.46 695.10 Td (three and six month periods ended June 30, 2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 368.99 695.10 Td ( is as follows:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 684.6 m 209.5 684.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 209.5 684.6 m 240.5 684.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 684.6 m 315.5 684.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 670.6 m 315.5 670.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 684.6 m 390.5 684.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315.5 670.6 m 390.5 670.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 684.6 m 465.5 684.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 670.6 m 465.5 670.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 684.6 m 540.5 684.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 670.6 m 540.5 670.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 656.6 m 209.5 656.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 656.6 m 240.5 656.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 656.6 m 315.5 656.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315.5 656.6 m 390.5 656.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 656.6 m 465.5 656.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 656.6 m 540.5 656.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 656.6 m 315.5 656.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315.5 656.6 m 390.5 656.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 656.6 m 465.5 656.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 656.6 m 540.5 656.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 586.6 m 209.5 586.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 586.6 m 315.5 586.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315.5 586.6 m 390.5 586.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 586.6 m 465.5 586.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 586.6 m 540.5 586.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 586.6 m 209.5 586.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 572.6 m 209.5 572.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 209.5 586.6 m 240.5 586.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 209.5 572.6 m 240.5 572.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 586.6 m 315.5 586.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 572.6 m 315.5 572.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315.5 586.6 m 390.5 586.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 572.6 m 390.5 572.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 586.6 m 465.5 586.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 572.6 m 465.5 572.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 586.6 m 540.5 586.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 572.6 m 540.5 572.6 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 253.25 675.13 Td (Three months ended June 30, 2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 408.00 675.13 Td (Six months ended June 30, 2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 294.25 661.13 Td (Units) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 360.15 661.13 Td (Amount) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 444.25 661.13 Td (Units) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 510.15 661.13 Td (Amount) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 647.13 Td (Balance, beginning of period) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 288.55 647.13 Td (25,802) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 318.00 647.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 374.40 647.13 Td (203) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 438.55 647.13 Td (17,436) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 468.00 647.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 524.40 647.13 Td (123) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 633.13 Td (Issued - Trustee DUP) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 292.90 633.13 Td (7,597) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 378.70 633.13 Td (58) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 438.55 633.13 Td (15,498) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 524.40 633.13 Td (119) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 619.13 Td (Reinvested distributions) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 299.40 619.13 Td (625) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 383.05 619.18 Td (5) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 442.90 619.13 Td (1,090) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 533.05 619.13 Td (8) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 605.13 Td (Redemption of units) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 290.30 605.13 Td (\(6,127) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 312.40 605.13 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 376.10 605.18 Td (\(48) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 387.40 605.13 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 440.30 605.13 Td (\(6,127) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 462.40 605.13 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 526.10 605.13 Td (\(48) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 537.40 605.13 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 591.13 Td (Fair value adjustment) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 304.60 591.13 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 380.45 591.13 Td (\(6) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 387.40 591.13 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 454.60 591.13 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 528.70 591.13 Td (10) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 577.13 Td (Balance, end of period) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 288.55 577.13 Td (27,897) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 318.00 577.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 374.40 577.13 Td (212) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 438.55 577.13 Td (27,897) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 468.00 577.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 524.40 577.13 Td (212) Tj ET Q BT /F1 10.00 Tf ET BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 555.70 Td (W) Tj ET Q q 0 0 0 rg BT 79.18 555.70 Td (eighted ) Tj ET Q q 0 0 0 rg BT 106.91 555.70 Td (average ) Tj ET Q q 0 0 0 rg BT 137.23 555.70 Td (units ) Tj ET Q q 0 0 0 rg BT 155.85 555.70 Td (outstanding) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 537.70 Td (The ) Tj ET Q q 0 0 0 rg BT 87.31 537.70 Td (following ) Tj ET Q q 0 0 0 rg BT 119.51 537.70 Td (is ) Tj ET Q q 0 0 0 rg BT 127.02 537.70 Td (the ) Tj ET Q q 0 0 0 rg BT 139.74 537.70 Td (weighted ) Tj ET Q q 0 0 0 rg BT 172.81 537.70 Td (average ) Tj ET Q q 0 0 0 rg BT 202.85 537.70 Td (number ) Tj ET Q q 0 0 0 rg BT 231.15 537.70 Td (of ) Tj ET Q q 0 0 0 rg BT 239.54 537.70 Td (units ) Tj ET Q q 0 0 0 rg BT 257.88 537.70 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 300.06 537.70 Td (during ) Tj ET Q q 0 0 0 rg BT 323.60 537.70 Td (the ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 336.32 537.70 Td (three ) Tj ET Q q 0 0 0 rg BT 355.96 537.70 Td (and ) Tj ET Q q 0 0 0 rg BT 370.85 537.70 Td (six ) Tj ET Q q 0 0 0 rg BT 382.26 537.70 Td (month ) Tj ET Q q 0 0 0 rg BT 405.80 537.70 Td (periods ) Tj ET Q q 0 0 0 rg BT 433.24 537.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 456.79 537.70 Td (June ) Tj ET Q q 0 0 0 rg BT 475.57 537.70 Td (30, ) Tj ET Q q 0 0 0 rg BT 488.29 537.70 Td (2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 505.62 537.70 Td ( ) Tj ET Q q 0 0 0 rg BT 507.50 537.70 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.50 537.70 Td ( ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 522.68 537.70 Td (2016) Tj ET Q BT /F2 9.50 Tf ET BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 526.30 Td (on ) Tj ET Q q 0 0 0 rg BT 82.72 526.30 Td (a ) Tj ET Q q 0 0 0 rg BT 89.10 526.30 Td (basic ) Tj ET Q q 0 0 0 rg BT 109.35 526.30 Td (and ) Tj ET Q q 0 0 0 rg BT 124.40 526.30 Td (diluted ) Tj ET Q q 0 0 0 rg BT 149.41 526.30 Td (basis. ) Tj ET Q q 0 0 0 rg BT 171.69 526.30 Td (The ) Tj ET Q q 0 0 0 rg BT 187.17 526.30 Td (diluted ) Tj ET Q q 0 0 0 rg BT 212.18 526.30 Td (weighted ) Tj ET Q q 0 0 0 rg BT 245.41 526.30 Td (average ) Tj ET Q q 0 0 0 rg BT 275.62 526.30 Td (trust ) Tj ET Q q 0 0 0 rg BT 292.83 526.30 Td (units ) Tj ET Q q 0 0 0 rg BT 311.34 526.30 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 353.68 526.30 Td (is ) Tj ET Q q 0 0 0 rg BT 361.36 526.30 Td (determined ) Tj ET Q q 0 0 0 rg BT 402.39 526.30 Td (as ) Tj ET Q q 0 0 0 rg BT 412.67 526.30 Td (if ) Tj ET Q q 0 0 0 rg BT 418.62 526.30 Td (all ) Tj ET Q q 0 0 0 rg BT 428.47 526.30 Td (of ) Tj ET Q q 0 0 0 rg BT 437.02 526.30 Td (the ) Tj ET Q q 0 0 0 rg BT 449.90 526.30 Td (Class ) Tj ET Q q 0 0 0 rg BT 471.43 526.30 Td (B ) Tj ET Q q 0 0 0 rg BT 478.68 526.30 Td (LP) Tj ET Q q 0 0 0 rg BT 488.08 526.30 Td ( ) Tj ET Q q 0 0 0 rg BT 490.13 526.30 Td (units ) Tj ET Q q 0 0 0 rg BT 508.64 526.30 Td (and ) Tj ET Q q 0 0 0 rg BT 523.69 526.30 Td (DUP) Tj ET Q q 0 0 0 rg BT 540.00 526.30 Td ( ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 514.90 Td (units ) Tj ET Q q 0 0 0 rg BT 90.63 514.90 Td (have ) Tj ET Q q 0 0 0 rg BT 109.69 514.90 Td (been ) Tj ET Q q 0 0 0 rg BT 129.18 514.90 Td (converted ) Tj ET Q q 0 0 0 rg BT 165.56 514.90 Td (to ) Tj ET Q q 0 0 0 rg BT 174.23 514.90 Td (units ) Tj ET Q q 0 0 0 rg BT 192.85 514.90 Td (of ) Tj ET Q q 0 0 0 rg BT 201.52 514.90 Td (the ) Tj ET Q q 0 0 0 rg BT 214.52 514.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 231.40 514.90 Td (: ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 498.4 m 239.5 498.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 498.4 m 314.5 498.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 498.4 m 389.5 498.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 498.4 m 464.5 498.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 498.4 m 539.5 498.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 71.5 470.4 m 239.5 470.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 239.5 470.4 m 314.5 470.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 314.5 470.4 m 389.5 470.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 389.5 470.4 m 464.5 470.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 470.4 m 539.5 470.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 239.5 470.4 m 314.5 470.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 314.5 470.4 m 389.5 470.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 389.5 470.4 m 464.5 470.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 470.4 m 539.5 470.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 71.5 428.4 m 239.5 428.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 239.5 428.4 m 314.5 428.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 314.5 428.4 m 389.5 428.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 389.5 428.4 m 464.5 428.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 428.4 m 539.5 428.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 414.4 m 239.5 414.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 414.4 m 314.5 414.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 414.4 m 389.5 414.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 414.4 m 464.5 414.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 414.4 m 539.5 414.4 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 282.00 488.93 Td (Three months ended June 30,) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 441.55 488.93 Td (Six months ended June 30,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 293.65 474.93 Td (2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 368.65 474.93 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 443.65 474.93 Td (2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 518.65 474.93 Td (2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 74.00 460.98 Td (Basic weighted average units outstanding) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 272.40 460.93 Td (51,759,209) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 347.40 460.93 Td (30,362,491) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 422.40 460.93 Td (47,494,432) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 497.40 460.93 Td (30,196,158) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 74.00 446.98 Td (Impact of Class B LP units) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 276.70 446.93 Td (5,285,160) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 351.70 446.93 Td (5,285,160) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 426.70 446.93 Td (5,285,160) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 501.70 446.93 Td (5,285,160) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 74.00 432.98 Td (Deferred units) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 287.55 432.93 Td (58,203) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 362.55 432.98 Td (26,113) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 437.55 432.93 Td (54,044) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 512.55 432.93 Td (21,892) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 74.00 418.93 Td (Diluted weighted average units outstanding) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 272.40 418.93 Td (57,102,572) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 347.40 418.93 Td (35,673,764) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 422.40 418.93 Td (52,833,636) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 497.40 418.93 Td (35,503,210) Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 72.00 397.50 Td (16. ) Tj ET Q q 0 0 0 rg BT 85.00 397.50 Td ( ) Tj ET Q q 0 0 0 rg BT 87.16 397.50 Td ( ) Tj ET Q q 0 0 0 rg BT 89.33 397.50 Td ( ) Tj ET Q q 0 0 0 rg BT 91.50 397.50 Td ( ) Tj ET Q q 0 0 0 rg BT 93.66 397.50 Td ( ) Tj ET Q q 0 0 0 rg BT 95.83 397.50 Td ( ) Tj ET Q q 0 0 0 rg BT 98.00 397.50 Td (Distributions) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 380.10 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 104.82 380.10 Td (to ) Tj ET Q q 0 0 0 rg BT 112.96 380.10 Td (the ) Tj ET Q q 0 0 0 rg BT 125.43 380.10 Td (Declaration ) Tj ET Q q 0 0 0 rg BT 166.46 380.10 Td (of ) Tj ET Q q 0 0 0 rg BT 174.50 380.10 Td (T) Tj ET Q q 0 0 0 rg BT 178.98 380.10 Td (rust, ) Tj ET Q q 0 0 0 rg BT 195.77 380.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.24 380.10 Td (income ) Tj ET Q q 0 0 0 rg BT 234.99 380.10 Td (of ) Tj ET Q q 0 0 0 rg BT 243.13 380.10 Td (the ) Tj ET Q q 0 0 0 rg BT 255.60 380.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 273.21 380.10 Td ( ) Tj ET Q q 0 0 0 rg BT 274.84 380.10 Td (is ) Tj ET Q q 0 0 0 rg BT 282.11 380.10 Td (distributed ) Tj ET Q q 0 0 0 rg BT 319.69 380.10 Td (on ) Tj ET Q q 0 0 0 rg BT 329.99 380.10 Td (dates ) Tj ET Q q 0 0 0 rg BT 350.69 380.10 Td (and ) Tj ET Q q 0 0 0 rg BT 365.33 380.10 Td (in ) Tj ET Q q 0 0 0 rg BT 373.03 380.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 404.55 380.10 Td (as ) Tj ET Q q 0 0 0 rg BT 414.42 380.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 455.03 380.10 Td (by ) Tj ET Q q 0 0 0 rg BT 464.90 380.10 Td (the ) Tj ET Q q 0 0 0 rg BT 477.36 380.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 499.79 380.10 Td (of ) Tj ET Q q 0 0 0 rg BT 507.82 380.10 Td (T) Tj ET Q q 0 0 0 rg BT 512.30 380.10 Td (rustees. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 368.70 Td (During ) Tj ET Q q 0 0 0 rg BT 97.11 368.70 Td (the ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 110.11 368.70 Td (six ) Tj ET Q q 0 0 0 rg BT 121.80 368.70 Td (month ) Tj ET Q q 0 0 0 rg BT 145.62 368.70 Td (period ) Tj ET Q q 0 0 0 rg BT 169.44 368.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 193.27 368.70 Td (June ) Tj ET Q q 0 0 0 rg BT 212.33 368.70 Td (30, ) Tj ET Q q 0 0 0 rg BT 225.33 368.70 Td (2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 242.66 368.70 Td (, ) Tj ET Q q 0 0 0 rg BT 246.99 368.70 Td (the ) Tj ET Q q 0 0 0 rg BT 259.99 368.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 277.60 368.70 Td ( ) Tj ET Q q 0 0 0 rg BT 279.76 368.70 Td (declared ) Tj ET Q q 0 0 0 rg BT 311.81 368.70 Td (distributions ) Tj ET Q q 0 0 0 rg BT 355.55 368.70 Td (each ) Tj ET Q q 0 0 0 rg BT 374.61 368.70 Td (month ) Tj ET Q q 0 0 0 rg BT 398.43 368.70 Td (of ) Tj ET Q q 0 0 0 rg BT 407.10 368.70 Td ($0.0625 ) Tj ET Q q 0 0 0 rg BT 437.43 368.70 Td (per ) Tj ET Q q 0 0 0 rg BT 450.85 368.70 Td (unit. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 351.30 Td (The following table summarizes the distributions during the ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 276.84 351.30 Td (three and six month periods ended June 30, 2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 448.37 351.30 Td (:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 340.79999999999995 m 240.5 340.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 340.79999999999995 m 315.5 340.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 326.79999999999995 m 315.5 326.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 340.79999999999995 m 390.5 340.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 340.79999999999995 m 465.5 340.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 326.79999999999995 m 465.5 326.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 340.79999999999995 m 540.5 340.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 312.79999999999995 m 240.5 312.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 326.79999999999995 m 315.5 326.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 312.79999999999995 m 315.5 312.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315.5 326.79999999999995 m 390.5 326.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315.5 312.79999999999995 m 390.5 312.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 326.79999999999995 m 465.5 326.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 312.79999999999995 m 465.5 312.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 326.79999999999995 m 540.5 326.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 312.79999999999995 m 540.5 312.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 312.79999999999995 m 315.5 312.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315.5 312.79999999999995 m 390.5 312.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 312.79999999999995 m 465.5 312.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 312.79999999999995 m 540.5 312.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 284.79999999999995 m 240.5 284.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 284.79999999999995 m 315.5 284.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315.5 284.79999999999995 m 390.5 284.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 284.79999999999995 m 465.5 284.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 284.79999999999995 m 540.5 284.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 242.79999999999995 m 315.5 242.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315.5 242.79999999999995 m 390.5 242.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 242.79999999999995 m 240.5 242.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 228.79999999999995 m 240.5 228.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 242.79999999999995 m 315.5 242.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 228.79999999999995 m 315.5 228.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315.5 242.79999999999995 m 390.5 242.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 228.79999999999995 m 390.5 228.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 242.79999999999995 m 465.5 242.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 228.79999999999995 m 465.5 228.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 242.79999999999995 m 540.5 242.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 228.79999999999995 m 540.5 228.79999999999995 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 257.50 331.33 Td (Three months ended June 30, 2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 417.05 331.33 Td (Six months ended June 30, 2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 272.15 317.33 Td (Trust units) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 325.65 317.33 Td (Class B LP units) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 422.15 317.33 Td (Trust units) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 475.65 317.33 Td (Class B LP units) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 303.33 Td (Cash distributions) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 243.00 303.33 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 288.55 303.33 Td (10,409) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 318.00 303.33 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 374.40 303.33 Td (991) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.00 303.33 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 438.55 303.33 Td (17,844) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 468.00 303.33 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 517.90 303.33 Td (1,982) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 289.33 Td (DRIP distributions) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 299.40 289.33 Td (251) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 379.60 289.38 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 449.40 289.33 Td (461) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 529.60 289.33 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 275.33 Td (Distributions declared during the period) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 288.55 275.33 Td (10,660) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 374.40 275.33 Td (991) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 438.55 275.33 Td (18,305) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 517.90 275.33 Td (1,982) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 261.33 Td (Add: Distributions payable, beginning of period) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 292.90 261.33 Td (2,549) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 374.40 261.33 Td (330) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 442.90 261.33 Td (2,545) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 524.40 261.33 Td (330) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 247.33 Td (Less: Distributions payable, end of period) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 290.30 247.33 Td (\(3,554) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 312.40 247.33 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 371.80 247.38 Td (\(330) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 387.40 247.33 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 440.30 247.33 Td (\(3,554) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 462.40 247.33 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 521.80 247.33 Td (\(330) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 537.40 247.33 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 233.33 Td (Distributions paid or settled during the period) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 243.00 233.33 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 292.90 233.33 Td (9,655) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 318.00 233.33 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 374.40 233.33 Td (991) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.00 233.33 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 438.55 233.33 Td (17,296) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 468.00 233.33 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 517.90 233.33 Td (1,982) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 211.90 Td (The following table summarizes the distributions during the ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 276.84 211.90 Td (three and six month periods ended June 30, 2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 448.37 211.90 Td (:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 195.39999999999998 m 239.5 195.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 195.39999999999998 m 314.5 195.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 239.5 181.39999999999998 m 314.5 181.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 195.39999999999998 m 389.5 195.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 195.39999999999998 m 464.5 195.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 389.5 181.39999999999998 m 464.5 181.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 195.39999999999998 m 539.5 195.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 71.5 167.39999999999998 m 239.5 167.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 239.5 181.39999999999998 m 314.5 181.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 239.5 167.39999999999998 m 314.5 167.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 314.5 181.39999999999998 m 389.5 181.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 314.5 167.39999999999998 m 389.5 167.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 389.5 181.39999999999998 m 464.5 181.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 389.5 167.39999999999998 m 464.5 167.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 181.39999999999998 m 539.5 181.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 167.39999999999998 m 539.5 167.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 239.5 167.39999999999998 m 314.5 167.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 314.5 167.39999999999998 m 389.5 167.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 389.5 167.39999999999998 m 464.5 167.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 167.39999999999998 m 539.5 167.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 71.5 139.39999999999998 m 239.5 139.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 239.5 139.39999999999998 m 314.5 139.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 314.5 139.39999999999998 m 389.5 139.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 389.5 139.39999999999998 m 464.5 139.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 139.39999999999998 m 539.5 139.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 71.5 97.39999999999998 m 239.5 97.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 83.39999999999998 m 239.5 83.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 239.5 97.39999999999998 m 314.5 97.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 83.39999999999998 m 314.5 83.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 314.5 97.39999999999998 m 389.5 97.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 83.39999999999998 m 389.5 83.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 389.5 97.39999999999998 m 464.5 97.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 83.39999999999998 m 464.5 83.39999999999998 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 97.39999999999998 m 539.5 97.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 83.39999999999998 m 539.5 83.39999999999998 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 262.50 185.93 Td (Three months ended June 30, 2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 422.05 185.93 Td (Six months ended June 30, 2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 274.90 171.93 Td (Trust units) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 328.95 171.93 Td (Class B LP units) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 424.90 171.93 Td (Trust units) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 478.95 171.93 Td (Class B LP units) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 74.00 157.93 Td (Cash distributions) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 242.00 157.93 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 291.90 157.93 Td (5,809) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 317.00 157.93 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 373.40 157.93 Td (991) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 392.00 157.93 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 437.55 157.93 Td (11,106) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 467.00 157.93 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 516.90 157.93 Td (1,982) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 74.00 143.93 Td (DRIP distributions) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 298.40 143.93 Td (112) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 378.60 143.98 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 448.40 143.93 Td (447) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 528.60 143.93 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 74.00 129.93 Td (Distributions declared during the period) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 291.90 129.93 Td (5,921) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 373.40 129.93 Td (991) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 437.55 129.93 Td (11,553) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 516.90 129.93 Td (1,982) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 74.00 115.93 Td (Add: Distributions payable, beginning of period) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 291.90 115.93 Td (1,851) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 373.40 115.93 Td (330) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 441.90 115.93 Td (1,878) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 523.40 115.93 Td (330) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 74.00 101.93 Td (Less: Distributions payable, end of period) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 289.30 101.93 Td (\(2,163) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 311.40 101.93 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 370.80 101.98 Td (\(330) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 386.40 101.93 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 439.30 101.93 Td (\(2,163) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 461.40 101.93 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 520.80 101.93 Td (\(330) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 536.40 101.93 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 74.00 87.93 Td (Distributions paid or settled during the period) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 242.00 87.93 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 291.90 87.93 Td (5,609) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 317.00 87.93 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 373.40 87.93 Td (991) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 392.00 87.93 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 437.55 87.93 Td (11,268) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 467.00 87.93 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 516.90 87.93 Td (1,982) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 39 0 obj <> endobj 40 0 obj <> stream BT /F3 14.00 Tf ET q 0 0 0 rg BT 49.50 769.35 Td ( ) Tj ET Q q 0 0 0 rg BT 67.50 769.35 Td ( SLA) Tj ET Q q 0 0 0 rg BT 92.81 769.35 Td (TE OFFICE REIT) Tj ET Q BT /F3 14.00 Tf ET q 0 0 0 rg BT 72.00 752.55 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 121.55 752.55 Td (O THE CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 304.38 752.55 Td (TED INTERIM FINANCIAL) Tj ET Q q 0 0 0 rg BT 442.55 752.55 Td ( ST) Tj ET Q q 0 0 0 rg BT 459.57 752.55 Td (A) Tj ET Q q 0 0 0 rg BT 467.01 752.55 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 740.55 Td (\(all tabular amounts are expressed in thousands of Canadian dollars, unless otherwise noted\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 728.55 Td (\(unaudited\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 301.25 42.95 Td (Page 18) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 695.10 Td (The ) Tj ET Q q 0 0 0 rg BT 86.95 695.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 104.56 695.10 Td ( ) Tj ET Q q 0 0 0 rg BT 106.09 695.10 Td (has ) Tj ET Q q 0 0 0 rg BT 120.18 695.10 Td (a ) Tj ET Q q 0 0 0 rg BT 126.05 695.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 165.25 695.10 Td (reinvestment ) Tj ET Q q 0 0 0 rg BT 211.38 695.10 Td (program ) Tj ET Q q 0 0 0 rg BT 241.92 695.10 Td (\("DRIP"\) ) Tj ET Q q 0 0 0 rg BT 272.77 695.10 Td (where ) Tj ET Q q 0 0 0 rg BT 295.52 695.10 Td (unitholders, ) Tj ET Q q 0 0 0 rg BT 337.32 695.10 Td (including ) Tj ET Q q 0 0 0 rg BT 369.60 695.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 396.68 695.10 Td (of ) Tj ET Q q 0 0 0 rg BT 404.71 695.10 Td (Class ) Tj ET Q q 0 0 0 rg BT 425.72 695.10 Td (B ) Tj ET Q q 0 0 0 rg BT 432.45 695.10 Td (LP) Tj ET Q q 0 0 0 rg BT 441.84 695.10 Td ( ) Tj ET Q q 0 0 0 rg BT 443.37 695.10 Td (units, ) Tj ET Q q 0 0 0 rg BT 463.52 695.10 Td (that ) Tj ET Q q 0 0 0 rg BT 478.05 695.10 Td (elect ) Tj ET Q q 0 0 0 rg BT 496.04 695.10 Td (to ) Tj ET Q q 0 0 0 rg BT 504.07 695.10 Td (participate ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 683.70 Td (in ) Tj ET Q q 0 0 0 rg BT 80.18 683.70 Td (the ) Tj ET Q q 0 0 0 rg BT 93.12 683.70 Td (DRIP) Tj ET Q q 0 0 0 rg BT 111.59 683.70 Td ( ) Tj ET Q q 0 0 0 rg BT 113.70 683.70 Td (will ) Tj ET Q q 0 0 0 rg BT 126.63 683.70 Td (have ) Tj ET Q q 0 0 0 rg BT 145.64 683.70 Td (their ) Tj ET Q q 0 0 0 rg BT 162.91 683.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 181.48 683.70 Td (distributions ) Tj ET Q q 0 0 0 rg BT 225.16 683.70 Td (used ) Tj ET Q q 0 0 0 rg BT 244.17 683.70 Td (to ) Tj ET Q q 0 0 0 rg BT 252.78 683.70 Td (purchase ) Tj ET Q q 0 0 0 rg BT 286.94 683.70 Td (trust ) Tj ET Q q 0 0 0 rg BT 304.21 683.70 Td (units ) Tj ET Q q 0 0 0 rg BT 322.78 683.70 Td (of ) Tj ET Q q 0 0 0 rg BT 331.39 683.70 Td (the ) Tj ET Q q 0 0 0 rg BT 344.34 683.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 361.22 683.70 Td (. ) Tj ET Q q 0 0 0 rg BT 365.50 683.70 Td ( ) Tj ET Q q 0 0 0 rg BT 367.61 683.70 Td (During ) Tj ET Q q 0 0 0 rg BT 392.67 683.70 Td (the ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 405.61 683.70 Td (six ) Tj ET Q q 0 0 0 rg BT 417.25 683.70 Td (month ) Tj ET Q q 0 0 0 rg BT 441.01 683.70 Td (period ) Tj ET Q q 0 0 0 rg BT 464.78 683.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 488.56 683.70 Td (June ) Tj ET Q q 0 0 0 rg BT 507.56 683.70 Td (30, ) Tj ET Q q 0 0 0 rg BT 520.51 683.70 Td (2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 537.84 683.70 Td (, ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 672.30 Td (the ) Tj ET Q q 0 0 0 rg BT 85.00 672.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 102.61 672.30 Td ( ) Tj ET Q q 0 0 0 rg BT 104.77 672.30 Td (declared ) Tj ET Q q 0 0 0 rg BT 136.82 672.30 Td (distributions ) Tj ET Q q 0 0 0 rg BT 180.56 672.30 Td (resulting ) Tj ET Q q 0 0 0 rg BT 212.18 672.30 Td (in ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 220.41 672.30 Td (65,517) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 244.23 672.30 Td ( ) Tj ET Q q 0 0 0 rg BT 246.40 672.30 Td (units ) Tj ET Q q 0 0 0 rg BT 265.03 672.30 Td (\() Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 267.62 672.30 Td (June30, ) Tj ET Q q 0 0 0 rg BT 299.68 672.30 Td (2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 317.01 672.30 Td ( ) Tj ET Q q 0 0 0 rg BT 319.17 672.30 Td (- ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 323.93 672.30 Td (79,599) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 347.76 672.30 Td ( ) Tj ET Q q 0 0 0 rg BT 349.93 672.30 Td (units\) ) Tj ET Q q 0 0 0 rg BT 371.15 672.30 Td (issued/ ) Tj ET Q q 0 0 0 rg BT 398.00 672.30 Td (issuable ) Tj ET Q q 0 0 0 rg BT 428.75 672.30 Td (under ) Tj ET Q q 0 0 0 rg BT 450.84 672.30 Td (the ) Tj ET Q q 0 0 0 rg BT 463.84 672.30 Td (DRIP) Tj ET Q q 0 0 0 rg BT 481.45 672.30 Td (. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 72.00 654.90 Td (17. ) Tj ET Q q 0 0 0 rg BT 85.00 654.90 Td ( ) Tj ET Q q 0 0 0 rg BT 87.16 654.90 Td ( ) Tj ET Q q 0 0 0 rg BT 89.33 654.90 Td ( ) Tj ET Q q 0 0 0 rg BT 91.50 654.90 Td ( ) Tj ET Q q 0 0 0 rg BT 93.66 654.90 Td ( ) Tj ET Q q 0 0 0 rg BT 95.83 654.90 Td ( ) Tj ET Q q 0 0 0 rg BT 98.00 654.90 Td (Rental ) Tj ET Q q 0 0 0 rg BT 123.97 654.90 Td (revenue) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 637.50 Td (Rental revenue is comprised of the following: ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 627 m 240.5 627 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 627 m 315.5 627 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 627 m 390.5 627 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 627 m 465.5 627 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 627 m 540.5 627 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 599 m 240.5 599 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 599 m 315.5 599 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315.5 599 m 390.5 599 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 599 m 465.5 599 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 599 m 540.5 599 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 599 m 315.5 599 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315.5 599 m 390.5 599 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 599 m 465.5 599 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 599 m 540.5 599 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 543 m 240.5 543 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 543 m 315.5 543 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315.5 543 m 390.5 543 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 543 m 465.5 543 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 543 m 540.5 543 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 529 m 240.5 529 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 543 m 315.5 543 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 529 m 315.5 529 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 529 m 390.5 529 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 543 m 465.5 543 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 529 m 465.5 529 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 543 m 540.5 543 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 529 m 540.5 529 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 283.00 617.53 Td (Three months ended June 30,) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 442.55 617.53 Td (Six months ended June 30,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 294.65 603.53 Td (2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 369.65 603.53 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 444.65 603.53 Td (2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 519.65 603.53 Td (2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 589.53 Td (Property base rent) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 243.00 589.53 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 288.55 589.53 Td (20,251) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 318.00 589.53 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 363.55 589.58 Td (15,159) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.00 589.53 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 438.55 589.53 Td (38,391) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 468.00 589.53 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 513.55 589.53 Td (30,243) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 575.53 Td (Operating cost and tax recoveries) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 288.55 575.53 Td (13,203) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 363.55 575.58 Td (10,305) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 438.55 575.53 Td (25,419) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 513.55 575.53 Td (20,840) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 561.53 Td (Hotel) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 292.90 561.53 Td (2,510) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 367.90 561.53 Td (2,290) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 442.90 561.53 Td (4,022) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 517.90 561.53 Td (3,747) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 547.53 Td (Straight-line rent and other changes) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 299.40 547.53 Td (266) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 374.40 547.53 Td (443) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 449.40 547.53 Td (716) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 524.40 547.53 Td (936) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 243.00 533.53 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 288.55 533.53 Td (36,230) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 318.00 533.53 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 363.55 533.58 Td (28,197) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.00 533.53 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 438.55 533.53 Td (68,548) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 468.00 533.53 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 513.55 533.53 Td (55,766) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 512.10 Td (The REIT) Tj ET Q q 0 0 0 rg BT 105.20 512.10 Td ( has contracted to receive the following future minimum lease payments under non-cancellable operating leases: ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 501.6 m 390.5 501.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 487.6 m 390.5 487.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 501.6 m 465.5 501.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 487.6 m 465.5 487.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 501.6 m 540.5 501.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 487.6 m 540.5 487.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 445.6 m 390.5 445.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 445.6 m 465.5 445.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 445.6 m 540.5 445.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 431.6 m 390.5 431.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 431.6 m 465.5 431.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 431.6 m 540.5 431.6 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 411.30 492.13 Td (June 30, 2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 468.55 492.13 Td (December 31, 2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 478.13 Td (Not later than one year) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.00 478.13 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 438.55 478.13 Td (71,676) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 468.00 478.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 513.55 478.13 Td (64,400) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 464.13 Td (Later than one year and not later than five years) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 434.20 464.13 Td (234,391) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 509.20 464.13 Td (184,978) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 450.13 Td (Later than five years) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 434.20 450.13 Td (174,831) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 509.20 450.13 Td (125,703) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.00 436.13 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 434.20 436.13 Td (480,898) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 468.00 436.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 509.20 436.13 Td (375,081) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 414.70 Td (Future ) Tj ET Q q 0 0 0 rg BT 97.03 414.70 Td (minimum ) Tj ET Q q 0 0 0 rg BT 131.14 414.70 Td (lease ) Tj ET Q q 0 0 0 rg BT 152.28 414.70 Td (payments ) Tj ET Q q 0 0 0 rg BT 188.57 414.70 Td (for ) Tj ET Q q 0 0 0 rg BT 200.18 414.70 Td (the ) Tj ET Q q 0 0 0 rg BT 213.52 414.70 Td (Data ) Tj ET Q q 0 0 0 rg BT 232.49 414.70 Td (Centre ) Tj ET Q q 0 0 0 rg BT 258.38 414.70 Td (are ) Tj ET Q q 0 0 0 rg BT 272.15 414.70 Td (excluded ) Tj ET Q q 0 0 0 rg BT 305.85 414.70 Td (from ) Tj ET Q q 0 0 0 rg BT 323.95 414.70 Td (the ) Tj ET Q q 0 0 0 rg BT 337.29 414.70 Td (above ) Tj ET Q q 0 0 0 rg BT 361.03 414.70 Td (as ) Tj ET Q q 0 0 0 rg BT 371.78 414.70 Td (the ) Tj ET Q q 0 0 0 rg BT 385.12 414.70 Td (lease ) Tj ET Q q 0 0 0 rg BT 406.26 414.70 Td (is ) Tj ET Q q 0 0 0 rg BT 414.40 414.70 Td (classified ) Tj ET Q q 0 0 0 rg BT 448.96 414.70 Td (as ) Tj ET Q q 0 0 0 rg BT 459.70 414.70 Td (a ) Tj ET Q q 0 0 0 rg BT 466.55 414.70 Td (finance ) Tj ET Q q 0 0 0 rg BT 494.19 414.70 Td (lease. ) Tj ET Q q 0 0 0 rg BT 517.49 414.70 Td (Future ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 403.30 Td (minimum ) Tj ET Q q 0 0 0 rg BT 105.76 403.30 Td (lease ) Tj ET Q q 0 0 0 rg BT 126.55 403.30 Td (payments ) Tj ET Q q 0 0 0 rg BT 162.50 403.30 Td (for ) Tj ET Q q 0 0 0 rg BT 173.76 403.30 Td (the ) Tj ET Q q 0 0 0 rg BT 186.76 403.30 Td (Data ) Tj ET Q q 0 0 0 rg BT 205.38 403.30 Td (Centre ) Tj ET Q q 0 0 0 rg BT 230.92 403.30 Td (are ) Tj ET Q q 0 0 0 rg BT 244.35 403.30 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 278.99 403.30 Td (in ) Tj ET Q q 0 0 0 rg BT 287.22 403.30 Td (note ) Tj ET Q q 0 0 0 rg BT 304.55 403.30 Td (7. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 72.00 385.90 Td (18. ) Tj ET Q q 0 0 0 rg BT 85.00 385.90 Td ( ) Tj ET Q q 0 0 0 rg BT 87.16 385.90 Td ( ) Tj ET Q q 0 0 0 rg BT 89.33 385.90 Td ( ) Tj ET Q q 0 0 0 rg BT 91.50 385.90 Td ( ) Tj ET Q q 0 0 0 rg BT 93.66 385.90 Td ( ) Tj ET Q q 0 0 0 rg BT 95.83 385.90 Td ( ) Tj ET Q q 0 0 0 rg BT 98.00 385.90 Td (General ) Tj ET Q q 0 0 0 rg BT 129.18 385.90 Td (and ) Tj ET Q q 0 0 0 rg BT 145.20 385.90 Td (administrative) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 368.50 Td (General and administrative expenses are comprised of the following:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 358 m 214.5 358 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 214.5 358 m 240.5 358 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 358 m 315.5 358 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 358 m 390.5 358 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 358 m 465.5 358 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 358 m 540.5 358 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 330 m 214.5 330 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 214.5 330 m 240.5 330 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 330 m 315.5 330 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315.5 330 m 390.5 330 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 330 m 465.5 330 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 330 m 540.5 330 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 330 m 315.5 330 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315.5 330 m 390.5 330 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 330 m 465.5 330 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 330 m 540.5 330 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 260 m 214.5 260 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 214.5 260 m 240.5 260 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 260 m 315.5 260 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315.5 260 m 390.5 260 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 260 m 465.5 260 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 260 m 540.5 260 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 246 m 214.5 246 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 214.5 246 m 240.5 246 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 246 m 315.5 246 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315.5 260 m 390.5 260 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 246 m 390.5 246 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 246 m 465.5 246 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 246 m 540.5 246 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 283.00 348.53 Td (Three months ended June 30,) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 442.55 348.53 Td (Six months ended June 30,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 219.65 334.53 Td (Note) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 294.65 334.53 Td (2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 369.65 334.53 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 444.65 334.53 Td (2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 519.65 334.53 Td (2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 320.53 Td (Asset management fees) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 222.65 320.48 Td (21) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 243.00 320.53 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 299.40 320.53 Td (872) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 318.00 320.53 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 374.40 320.53 Td (622) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.00 320.53 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 442.90 320.53 Td (1,640) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 468.00 320.53 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 517.90 320.53 Td (1,236) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 306.53 Td (Professional fees) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 299.40 306.53 Td (114) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 374.40 306.53 Td (106) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 449.40 306.53 Td (228) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 524.40 306.53 Td (292) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 292.53 Td (Trustee fees) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 299.40 292.53 Td (108) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 378.70 292.53 Td (83) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 449.40 292.53 Td (212) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 524.40 292.53 Td (190) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 278.53 Td (Bad debt expense \(recovery\), net) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 224.80 278.48 Td (9) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 303.70 278.53 Td (23) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 378.70 278.53 Td (27) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 453.70 278.53 Td (47) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 526.10 278.53 Td (\(27) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 537.40 278.53 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 264.53 Td (Other) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 299.40 264.53 Td (162) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 378.70 264.53 Td (84) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 449.40 264.53 Td (301) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 524.40 264.53 Td (271) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 243.00 250.53 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 292.90 250.53 Td (1,279) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 318.00 250.53 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 374.40 250.53 Td (922) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.00 250.53 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 442.90 250.53 Td (2,428) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 468.00 250.53 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 517.90 250.53 Td (1,962) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 41 0 obj <> endobj 42 0 obj <> stream BT /F3 14.00 Tf ET q 0 0 0 rg BT 49.50 769.35 Td ( ) Tj ET Q q 0 0 0 rg BT 67.50 769.35 Td ( SLA) Tj ET Q q 0 0 0 rg BT 92.81 769.35 Td (TE OFFICE REIT) Tj ET Q BT /F3 14.00 Tf ET q 0 0 0 rg BT 72.00 752.55 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 121.55 752.55 Td (O THE CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 304.38 752.55 Td (TED INTERIM FINANCIAL) Tj ET Q q 0 0 0 rg BT 442.55 752.55 Td ( ST) Tj ET Q q 0 0 0 rg BT 459.57 752.55 Td (A) Tj ET Q q 0 0 0 rg BT 467.01 752.55 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 740.55 Td (\(all tabular amounts are expressed in thousands of Canadian dollars, unless otherwise noted\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 728.55 Td (\(unaudited\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 301.25 42.95 Td (Page 19) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 72.00 695.10 Td (19. ) Tj ET Q q 0 0 0 rg BT 85.00 695.10 Td ( ) Tj ET Q q 0 0 0 rg BT 87.16 695.10 Td ( ) Tj ET Q q 0 0 0 rg BT 89.33 695.10 Td ( ) Tj ET Q q 0 0 0 rg BT 91.50 695.10 Td ( ) Tj ET Q q 0 0 0 rg BT 93.66 695.10 Td ( ) Tj ET Q q 0 0 0 rg BT 95.83 695.10 Td ( ) Tj ET Q q 0 0 0 rg BT 98.00 695.10 Td (Interest ) Tj ET Q q 0 0 0 rg BT 128.30 695.10 Td (and ) Tj ET Q q 0 0 0 rg BT 144.32 695.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 173.76 695.10 Td (costs) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 677.70 Td (Interest and finance costs are comprised of the following:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 667.2 m 240.5 667.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 667.2 m 315.5 667.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 667.2 m 390.5 667.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 667.2 m 465.5 667.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 667.2 m 540.5 667.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 639.2 m 240.5 639.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 639.2 m 315.5 639.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315.5 639.2 m 390.5 639.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 639.2 m 465.5 639.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 639.2 m 540.5 639.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 639.2 m 315.5 639.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315.5 639.2 m 390.5 639.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 639.2 m 465.5 639.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 639.2 m 540.5 639.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 559.2 m 240.5 559.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 559.2 m 315.5 559.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315.5 559.2 m 390.5 559.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 559.2 m 465.5 559.2 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 559.2 m 540.5 559.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 545.2 m 240.5 545.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 545.2 m 315.5 545.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 545.2 m 390.5 545.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 545.2 m 465.5 545.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 545.2 m 540.5 545.2 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 283.00 657.73 Td (Three months ended June 30,) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 442.55 657.73 Td (Six months ended June 30,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 294.65 643.73 Td (2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 369.65 643.73 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 444.65 643.73 Td (2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 519.65 643.73 Td (2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 629.73 Td (Mortgage interest) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 243.00 629.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 292.90 629.73 Td (3,275) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 318.00 629.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 367.90 629.73 Td (2,200) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.00 629.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 442.90 629.73 Td (5,869) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 468.00 629.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 517.90 629.73 Td (4,325) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 615.73 Td (Interest on other debt) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 292.90 615.73 Td (2,434) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 367.90 615.73 Td (2,022) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 442.90 615.73 Td (4,845) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 517.90 615.73 Td (3,844) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 601.73 Td (Amortization of deferred transaction costs) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 299.40 601.73 Td (382) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 374.40 601.73 Td (273) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 449.40 601.73 Td (713) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 524.40 601.73 Td (504) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 587.23 Td (Amortization of debt mark-to-market ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 577.73 Td (adjustment ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 296.80 577.73 Td (\(134) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 312.40 577.73 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 376.10 577.78 Td (\(65) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 387.40 577.73 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 446.80 577.73 Td (\(260) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 462.40 577.73 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 526.10 577.73 Td (\(40) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 537.40 577.73 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 563.73 Td (Subscription receipts equivalent amount ) Tj ET Q BT /F2 9.50 Tf ET BT /F2 6.17 Tf ET q 0 0 0 rg BT 215.32 566.16 Td (\(1\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 299.40 563.73 Td (926) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 379.60 563.78 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 449.40 563.73 Td (926) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 529.60 563.73 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 243.00 549.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 292.90 549.73 Td (6,883) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 318.00 549.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 367.90 549.73 Td (4,430) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.00 549.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 438.55 549.73 Td (12,093) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 468.00 549.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 517.90 549.73 Td (8,633) Tj ET Q BT /F1 10.00 Tf ET BT /F2 7.50 Tf ET q 0 0 0 rg BT 72.00 536.70 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 81.54 536.70 Td (On ) Tj ET Q q 0 0 0 rg BT 91.38 536.70 Td (April ) Tj ET Q q 0 0 0 rg BT 105.71 536.70 Td (25, ) Tj ET Q q 0 0 0 rg BT 116.29 536.70 Td (2017 ) Tj ET Q q 0 0 0 rg BT 132.00 536.70 Td (each ) Tj ET Q q 0 0 0 rg BT 147.37 536.70 Td (subscription ) Tj ET Q q 0 0 0 rg BT 182.22 536.70 Td (receipt ) Tj ET Q q 0 0 0 rg BT 202.71 536.70 Td (issued ) Tj ET Q q 0 0 0 rg BT 222.52 536.70 Td (by ) Tj ET Q q 0 0 0 rg BT 231.05 536.70 Td (the ) Tj ET Q q 0 0 0 rg BT 241.63 536.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 255.53 536.70 Td ( ) Tj ET Q q 0 0 0 rg BT 257.56 536.70 Td (on ) Tj ET Q q 0 0 0 rg BT 266.43 536.70 Td (March ) Tj ET Q q 0 0 0 rg BT 285.55 536.70 Td (15, ) Tj ET Q q 0 0 0 rg BT 296.13 536.70 Td (2017 ) Tj ET Q q 0 0 0 rg BT 311.84 536.70 Td (was ) Tj ET Q q 0 0 0 rg BT 324.80 536.70 Td (exchanged ) Tj ET Q q 0 0 0 rg BT 356.93 536.70 Td (for ) Tj ET Q q 0 0 0 rg BT 366.13 536.70 Td (one ) Tj ET Q q 0 0 0 rg BT 378.42 536.70 Td (unit ) Tj ET Q q 0 0 0 rg BT 390.37 536.70 Td (and ) Tj ET Q q 0 0 0 rg BT 402.66 536.70 Td (a ) Tj ET Q q 0 0 0 rg BT 408.11 536.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 423.13 536.70 Td (distribution ) Tj ET Q q 0 0 0 rg BT 454.91 536.70 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 484.98 536.70 Td (payment ) Tj ET Q q 0 0 0 rg BT 510.60 536.70 Td (of ) Tj ET Q q 0 0 0 rg BT 517.76 536.70 Td ($0.0625 ) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 72.00 527.70 Td (\(being ) Tj ET Q q 0 0 0 rg BT 91.35 527.70 Td (equal ) Tj ET Q q 0 0 0 rg BT 108.66 527.70 Td (to ) Tj ET Q q 0 0 0 rg BT 116.04 527.70 Td (the ) Tj ET Q q 0 0 0 rg BT 126.85 527.70 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 156.81 527.70 Td (amount ) Tj ET Q q 0 0 0 rg BT 179.58 527.70 Td (of ) Tj ET Q q 0 0 0 rg BT 186.97 527.70 Td (distributions ) Tj ET Q q 0 0 0 rg BT 222.05 527.70 Td (paid ) Tj ET Q q 0 0 0 rg BT 235.93 527.70 Td (by ) Tj ET Q q 0 0 0 rg BT 244.69 527.70 Td (the ) Tj ET Q q 0 0 0 rg BT 255.49 527.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 269.40 527.70 Td ( ) Tj ET Q q 0 0 0 rg BT 271.65 527.70 Td (per ) Tj ET Q q 0 0 0 rg BT 282.80 527.70 Td (unit ) Tj ET Q q 0 0 0 rg BT 294.97 527.70 Td (for ) Tj ET Q q 0 0 0 rg BT 304.41 527.70 Td (which ) Tj ET Q q 0 0 0 rg BT 322.39 527.70 Td (record ) Tj ET Q q 0 0 0 rg BT 342.07 527.70 Td (dates ) Tj ET Q q 0 0 0 rg BT 359.38 527.70 Td (occurred ) Tj ET Q q 0 0 0 rg BT 385.56 527.70 Td (between ) Tj ET Q q 0 0 0 rg BT 411.07 527.70 Td (March ) Tj ET Q q 0 0 0 rg BT 430.42 527.70 Td (15, ) Tj ET Q q 0 0 0 rg BT 441.23 527.70 Td (2017 ) Tj ET Q q 0 0 0 rg BT 457.16 527.70 Td (and ) Tj ET Q q 0 0 0 rg BT 469.24 527.70 Td (April ) Tj ET Q q 0 0 0 rg BT 483.80 527.70 Td (25, ) Tj ET Q q 0 0 0 rg BT 494.60 527.70 Td (2017\). ) Tj ET Q q 0 0 0 rg BT 514.16 527.70 Td (The ) Tj ET Q q 0 0 0 rg BT 527.01 527.70 Td (cash ) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 72.00 518.70 Td (distribution ) Tj ET Q q 0 0 0 rg BT 103.46 518.70 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 133.21 518.70 Td (payment ) Tj ET Q q 0 0 0 rg BT 158.51 518.70 Td (of ) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 165.35 518.70 Td ($0.9 ) Tj ET Q q 0 0 0 rg BT 179.03 518.70 Td (million) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 196.46 518.70 Td ( ) Tj ET Q q 0 0 0 rg BT 198.17 518.70 Td (has ) Tj ET Q q 0 0 0 rg BT 209.80 518.70 Td (been ) Tj ET Q q 0 0 0 rg BT 225.19 518.70 Td (recorded ) Tj ET Q q 0 0 0 rg BT 251.18 518.70 Td (in ) Tj ET Q q 0 0 0 rg BT 257.67 518.70 Td (interest ) Tj ET Q q 0 0 0 rg BT 279.56 518.70 Td (and ) Tj ET Q q 0 0 0 rg BT 291.53 518.70 Td (finance ) Tj ET Q q 0 0 0 rg BT 313.07 518.70 Td (costs. ) Tj ET Q q 0 0 0 rg BT 330.85 518.70 Td (See ) Tj ET Q q 0 0 0 rg BT 343.50 518.70 Td (also ) Tj ET Q q 0 0 0 rg BT 356.50 518.70 Td (note ) Tj ET Q q 0 0 0 rg BT 370.18 518.70 Td (15. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 72.00 501.30 Td (20. ) Tj ET Q q 0 0 0 rg BT 85.00 501.30 Td ( ) Tj ET Q q 0 0 0 rg BT 87.16 501.30 Td ( ) Tj ET Q q 0 0 0 rg BT 89.33 501.30 Td ( ) Tj ET Q q 0 0 0 rg BT 91.50 501.30 Td ( ) Tj ET Q q 0 0 0 rg BT 93.66 501.30 Td ( ) Tj ET Q q 0 0 0 rg BT 95.83 501.30 Td ( ) Tj ET Q q 0 0 0 rg BT 98.00 501.30 Td (Change ) Tj ET Q q 0 0 0 rg BT 128.73 501.30 Td (in ) Tj ET Q q 0 0 0 rg BT 137.82 501.30 Td (fair ) Tj ET Q q 0 0 0 rg BT 152.11 501.30 Td (value ) Tj ET Q q 0 0 0 rg BT 174.20 501.30 Td (of ) Tj ET Q q 0 0 0 rg BT 183.72 501.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 217.49 501.30 Td (instruments) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 483.90 Td (The change in fair value of financial instruments is comprised of the following:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 473.4 m 215.5 473.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215.5 473.4 m 240.5 473.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 473.4 m 315.5 473.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 473.4 m 390.5 473.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 473.4 m 465.5 473.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 473.4 m 540.5 473.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 445.4 m 215.5 445.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 215.5 445.4 m 240.5 445.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 445.4 m 315.5 445.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315.5 445.4 m 390.5 445.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 445.4 m 465.5 445.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 445.4 m 540.5 445.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 445.4 m 315.5 445.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315.5 445.4 m 390.5 445.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 445.4 m 465.5 445.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 445.4 m 540.5 445.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 389.4 m 215.5 389.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 215.5 389.4 m 240.5 389.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 389.4 m 315.5 389.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315.5 389.4 m 390.5 389.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 389.4 m 465.5 389.4 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 389.4 m 540.5 389.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 375.4 m 215.5 375.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215.5 375.4 m 240.5 375.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 375.4 m 315.5 375.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 375.4 m 390.5 375.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 375.4 m 465.5 375.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 375.4 m 540.5 375.4 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 283.00 463.93 Td (Three months ended June 30,) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 442.55 463.93 Td (Six months ended June 30,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 218.80 449.93 Td (Note) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 294.65 449.93 Td (2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 369.65 449.93 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 444.65 449.93 Td (2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 519.65 449.93 Td (2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 435.93 Td (Interest rate swaps) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 223.15 435.88 Td (12) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 243.00 435.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 299.40 435.93 Td (723) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 318.00 435.93 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 371.80 435.98 Td (\(247) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 387.40 435.93 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.00 435.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 449.40 435.93 Td (712) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 468.00 435.93 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 515.30 435.93 Td (\(1,058) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 537.40 435.93 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 421.93 Td (Interest rate cap) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 223.15 421.88 Td (12) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 308.05 421.93 Td (9) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 379.60 421.98 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 454.60 421.93 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 529.60 421.93 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 407.93 Td (Deferred units) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 223.15 407.88 Td (15) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 308.05 407.93 Td (3) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 379.60 407.98 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 455.45 407.93 Td (\(4) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 462.40 407.93 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 529.60 407.93 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 393.93 Td (Subscription receipts) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 223.15 393.88 Td (15) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 290.30 393.93 Td (\(4,001) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 312.40 393.93 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 379.60 393.98 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 440.30 393.93 Td (\(3,112) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 462.40 393.93 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 529.60 393.93 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 243.00 379.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 290.30 379.93 Td (\(3,266) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 312.40 379.93 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 318.00 379.93 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 371.80 379.98 Td (\(247) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 387.40 379.93 Td (\)) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.00 379.93 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 440.30 379.93 Td (\(2,404) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 462.40 379.93 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 468.00 379.93 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 515.30 379.93 Td (\(1,058) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 537.40 379.93 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 358.50 Td (The ) Tj ET Q q 0 0 0 rg BT 87.61 358.50 Td (subscription ) Tj ET Q q 0 0 0 rg BT 131.36 358.50 Td (receipts ) Tj ET Q q 0 0 0 rg BT 160.82 358.50 Td (issued ) Tj ET Q q 0 0 0 rg BT 185.52 358.50 Td (by ) Tj ET Q q 0 0 0 rg BT 195.93 358.50 Td (the ) Tj ET Q q 0 0 0 rg BT 208.95 358.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 226.56 358.50 Td ( ) Tj ET Q q 0 0 0 rg BT 228.74 358.50 Td (are ) Tj ET Q q 0 0 0 rg BT 242.18 358.50 Td (settled ) Tj ET Q q 0 0 0 rg BT 267.31 358.50 Td (by ) Tj ET Q q 0 0 0 rg BT 277.72 358.50 Td (delivering ) Tj ET Q q 0 0 0 rg BT 313.25 358.50 Td (a ) Tj ET Q q 0 0 0 rg BT 319.76 358.50 Td (fixed ) Tj ET Q q 0 0 0 rg BT 338.40 358.50 Td (number ) Tj ET Q q 0 0 0 rg BT 367.00 358.50 Td (of ) Tj ET Q q 0 0 0 rg BT 375.68 358.50 Td (the ) Tj ET Q q 0 0 0 rg BT 388.69 358.50 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 414.00 358.50 Td (units ) Tj ET Q q 0 0 0 rg BT 432.64 358.50 Td (for ) Tj ET Q q 0 0 0 rg BT 443.92 358.50 Td (a ) Tj ET Q q 0 0 0 rg BT 450.43 358.50 Td (fixed ) Tj ET Q q 0 0 0 rg BT 469.07 358.50 Td (amount ) Tj ET Q q 0 0 0 rg BT 497.24 358.50 Td (of ) Tj ET Q q 0 0 0 rg BT 505.92 358.50 Td (cash. ) Tj ET Q q 0 0 0 rg BT 526.59 358.50 Td (The ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 347.10 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 97.24 347.10 Td (trust ) Tj ET Q q 0 0 0 rg BT 114.50 347.10 Td (units ) Tj ET Q q 0 0 0 rg BT 133.06 347.10 Td (are ) Tj ET Q q 0 0 0 rg BT 146.43 347.10 Td (puttable ) Tj ET Q q 0 0 0 rg BT 176.26 347.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 218.63 347.10 Td (and ) Tj ET Q q 0 0 0 rg BT 233.73 347.10 Td (therefore ) Tj ET Q q 0 0 0 rg BT 267.02 347.10 Td (the ) Tj ET Q q 0 0 0 rg BT 279.96 347.10 Td (subscription ) Tj ET Q q 0 0 0 rg BT 323.63 347.10 Td (receipts ) Tj ET Q q 0 0 0 rg BT 353.02 347.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 372.45 347.10 Td (the ) Tj ET Q q 0 0 0 rg BT 385.38 347.10 Td (definition ) Tj ET Q q 0 0 0 rg BT 418.68 347.10 Td (of ) Tj ET Q q 0 0 0 rg BT 427.28 347.10 Td (a ) Tj ET Q q 0 0 0 rg BT 433.72 347.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 459.20 347.10 Td (under ) Tj ET Q q 0 0 0 rg BT 481.23 347.10 Td (IAS ) Tj ET Q q 0 0 0 rg BT 495.89 347.10 Td (32, ) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 508.83 347.10 Td (Financial ) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 335.70 Td (instruments: ) Tj ET Q q 0 0 0 rg BT 116.69 335.70 Td (presentation. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 163.99 335.70 Td (The ) Tj ET Q q 0 0 0 rg BT 179.67 335.70 Td (subscription ) Tj ET Q q 0 0 0 rg BT 223.50 335.70 Td (receipts ) Tj ET Q q 0 0 0 rg BT 253.04 335.70 Td (are ) Tj ET Q q 0 0 0 rg BT 266.55 335.70 Td (designated ) Tj ET Q q 0 0 0 rg BT 306.93 335.70 Td (as ) Tj ET Q q 0 0 0 rg BT 317.41 335.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 330.49 335.70 Td (value ) Tj ET Q q 0 0 0 rg BT 351.37 335.70 Td (through ) Tj ET Q q 0 0 0 rg BT 380.05 335.70 Td (profit ) Tj ET Q q 0 0 0 rg BT 399.63 335.70 Td (or ) Tj ET Q q 0 0 0 rg BT 408.81 335.70 Td (loss. ) Tj ET Q q 0 0 0 rg BT 426.94 335.70 Td (The ) Tj ET Q q 0 0 0 rg BT 442.62 335.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 455.70 335.70 Td (value ) Tj ET Q q 0 0 0 rg BT 476.58 335.70 Td (of ) Tj ET Q q 0 0 0 rg BT 485.34 335.70 Td (the ) Tj ET Q q 0 0 0 rg BT 498.42 335.70 Td (subscription ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 324.30 Td (receipts ) Tj ET Q q 0 0 0 rg BT 101.05 324.30 Td (are ) Tj ET Q q 0 0 0 rg BT 114.07 324.30 Td (remeasured ) Tj ET Q q 0 0 0 rg BT 157.41 324.30 Td (at ) Tj ET Q q 0 0 0 rg BT 165.67 324.30 Td (the ) Tj ET Q q 0 0 0 rg BT 178.27 324.30 Td (end ) Tj ET Q q 0 0 0 rg BT 193.03 324.30 Td (of ) Tj ET Q q 0 0 0 rg BT 201.30 324.30 Td (each ) Tj ET Q q 0 0 0 rg BT 219.96 324.30 Td (reporting ) Tj ET Q q 0 0 0 rg BT 252.47 324.30 Td (period ) Tj ET Q q 0 0 0 rg BT 275.89 324.30 Td (with ) Tj ET Q q 0 0 0 rg BT 291.51 324.30 Td (changes ) Tj ET Q q 0 0 0 rg BT 322.73 324.30 Td (in ) Tj ET Q q 0 0 0 rg BT 330.56 324.30 Td (fair ) Tj ET Q q 0 0 0 rg BT 343.15 324.30 Td (value ) Tj ET Q q 0 0 0 rg BT 363.54 324.30 Td (recorded ) Tj ET Q q 0 0 0 rg BT 396.06 324.30 Td (in ) Tj ET Q q 0 0 0 rg BT 403.89 324.30 Td (net ) Tj ET Q q 0 0 0 rg BT 416.48 324.30 Td (income ) Tj ET Q q 0 0 0 rg BT 443.37 324.30 Td (and ) Tj ET Q q 0 0 0 rg BT 458.13 324.30 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 512.73 324.30 Td (income. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 312.90 Td (The ) Tj ET Q q 0 0 0 rg BT 87.34 312.90 Td (dif) Tj ET Q q 0 0 0 rg BT 95.44 312.90 Td (ference ) Tj ET Q q 0 0 0 rg BT 123.34 312.90 Td (between ) Tj ET Q q 0 0 0 rg BT 154.70 312.90 Td (the ) Tj ET Q q 0 0 0 rg BT 167.45 312.90 Td ($8.10 ) Tj ET Q q 0 0 0 rg BT 188.86 312.90 Td (of) Tj ET Q q 0 0 0 rg BT 195.23 312.90 Td (fered ) Tj ET Q q 0 0 0 rg BT 214.90 312.90 Td (price ) Tj ET Q q 0 0 0 rg BT 233.70 312.90 Td (per ) Tj ET Q q 0 0 0 rg BT 246.88 312.90 Td (unit ) Tj ET Q q 0 0 0 rg BT 261.36 312.90 Td (and ) Tj ET Q q 0 0 0 rg BT 276.27 312.90 Td (the ) Tj ET Q q 0 0 0 rg BT 289.02 312.90 Td (closing ) Tj ET Q q 0 0 0 rg BT 315.18 312.90 Td (price ) Tj ET Q q 0 0 0 rg BT 333.99 312.90 Td (of ) Tj ET Q q 0 0 0 rg BT 342.40 312.90 Td ($8.31 ) Tj ET Q q 0 0 0 rg BT 363.81 312.90 Td (per ) Tj ET Q q 0 0 0 rg BT 376.99 312.90 Td (unit ) Tj ET Q q 0 0 0 rg BT 391.47 312.90 Td (on ) Tj ET Q q 0 0 0 rg BT 402.05 312.90 Td (the ) Tj ET Q q 0 0 0 rg BT 414.79 312.90 Td (day ) Tj ET Q q 0 0 0 rg BT 429.27 312.90 Td (of ) Tj ET Q q 0 0 0 rg BT 437.69 312.90 Td (conversion ) Tj ET Q q 0 0 0 rg BT 477.28 312.90 Td (of ) Tj ET Q q 0 0 0 rg BT 485.69 312.90 Td (the ) Tj ET Q q 0 0 0 rg BT 498.44 312.90 Td (subscription ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 301.50 Td (receipts ) Tj ET Q q 0 0 0 rg BT 101.56 301.50 Td (to ) Tj ET Q q 0 0 0 rg BT 110.33 301.50 Td (units ) Tj ET Q q 0 0 0 rg BT 129.07 301.50 Td (was ) Tj ET Q q 0 0 0 rg BT 145.19 301.50 Td (recorded ) Tj ET Q q 0 0 0 rg BT 178.22 301.50 Td (in ) Tj ET Q q 0 0 0 rg BT 186.56 301.50 Td (net ) Tj ET Q q 0 0 0 rg BT 199.66 301.50 Td (income ) Tj ET Q q 0 0 0 rg BT 227.05 301.50 Td (and ) Tj ET Q q 0 0 0 rg BT 242.33 301.50 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 297.44 301.50 Td (income ) Tj ET Q q 0 0 0 rg BT 324.83 301.50 Td (as ) Tj ET Q q 0 0 0 rg BT 335.33 301.50 Td (a ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 341.94 301.50 Td ($4.0 ) Tj ET Q q 0 0 0 rg BT 359.38 301.50 Td (million) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 381.46 301.50 Td ( ) Tj ET Q q 0 0 0 rg BT 383.73 301.50 Td (and ) Tj ET Q q 0 0 0 rg BT 399.01 301.50 Td ($3.1 ) Tj ET Q q 0 0 0 rg BT 416.45 301.50 Td (million ) Tj ET Q q 0 0 0 rg BT 440.80 301.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 453.90 301.50 Td (value ) Tj ET Q q 0 0 0 rg BT 474.80 301.50 Td (change ) Tj ET Q q 0 0 0 rg BT 502.64 301.50 Td (of ) Tj ET Q q 0 0 0 rg BT 511.41 301.50 Td (financial ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 290.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 114.44 290.10 Td (for ) Tj ET Q q 0 0 0 rg BT 125.69 290.10 Td (the ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 138.69 290.10 Td (three ) Tj ET Q q 0 0 0 rg BT 158.62 290.10 Td (and ) Tj ET Q q 0 0 0 rg BT 173.78 290.10 Td (six ) Tj ET Q q 0 0 0 rg BT 185.47 290.10 Td (month ) Tj ET Q q 0 0 0 rg BT 209.29 290.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 237.01 290.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 260.84 290.10 Td (June ) Tj ET Q q 0 0 0 rg BT 279.90 290.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 292.90 290.10 Td (2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 310.23 290.10 Td (, ) Tj ET Q q 0 0 0 rg BT 314.56 290.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 355.13 290.10 Td (.) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 72.00 272.70 Td (21. ) Tj ET Q q 0 0 0 rg BT 85.00 272.70 Td ( ) Tj ET Q q 0 0 0 rg BT 87.16 272.70 Td ( ) Tj ET Q q 0 0 0 rg BT 89.33 272.70 Td ( ) Tj ET Q q 0 0 0 rg BT 91.50 272.70 Td ( ) Tj ET Q q 0 0 0 rg BT 93.66 272.70 Td ( ) Tj ET Q q 0 0 0 rg BT 95.83 272.70 Td ( ) Tj ET Q q 0 0 0 rg BT 98.00 272.70 Td (Related ) Tj ET Q q 0 0 0 rg BT 128.30 272.70 Td (party ) Tj ET Q q 0 0 0 rg BT 149.52 272.70 Td (transactions) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 255.30 Td (The ) Tj ET Q q 0 0 0 rg BT 87.87 255.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 105.48 255.30 Td ( ) Tj ET Q q 0 0 0 rg BT 107.93 255.30 Td (has ) Tj ET Q q 0 0 0 rg BT 122.94 255.30 Td (a ) Tj ET Q q 0 0 0 rg BT 129.72 255.30 Td (management ) Tj ET Q q 0 0 0 rg BT 177.64 255.30 Td (agreement ) Tj ET Q q 0 0 0 rg BT 217.34 255.30 Td (\(the ) Tj ET Q q 0 0 0 rg BT 233.21 255.30 Td (Management ) Tj ET Q q 0 0 0 rg BT 283.25 255.30 Td (Agreement\) ) Tj ET Q q 0 0 0 rg BT 328.99 255.30 Td (with ) Tj ET Q q 0 0 0 rg BT 345.29 255.30 Td (Slate ) Tj ET Q q 0 0 0 rg BT 365.49 255.30 Td (Management ) Tj ET Q q 0 0 0 rg BT 413.42 255.30 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 456.57 255.30 Td (\("SMC"\), ) Tj ET Q q 0 0 0 rg BT 489.20 255.30 Td (a ) Tj ET Q q 0 0 0 rg BT 495.99 255.30 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 533.51 255.30 Td (of ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 243.90 Td (Slate ) Tj ET Q q 0 0 0 rg BT 91.32 243.90 Td (Asset ) Tj ET Q q 0 0 0 rg BT 112.74 243.90 Td (Management ) Tj ET Q q 0 0 0 rg BT 160.16 243.90 Td (L.P) Tj ET Q q 0 0 0 rg BT 170.85 243.90 Td (. ) Tj ET Q q 0 0 0 rg BT 174.96 243.90 Td (\("SLAM"\), ) Tj ET Q q 0 0 0 rg BT 211.00 243.90 Td (\(collectively) Tj ET Q q 0 0 0 rg BT 250.69 243.90 Td (, ) Tj ET Q q 0 0 0 rg BT 254.80 243.90 Td ("Slate"\), ) Tj ET Q q 0 0 0 rg BT 284.78 243.90 Td (whereby ) Tj ET Q q 0 0 0 rg BT 316.16 243.90 Td (SMC ) Tj ET Q q 0 0 0 rg BT 335.41 243.90 Td (as ) Tj ET Q q 0 0 0 rg BT 345.58 243.90 Td (the ) Tj ET Q q 0 0 0 rg BT 358.35 243.90 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 383.43 243.90 Td (manager ) Tj ET Q q 0 0 0 rg BT 416.11 243.90 Td (provides ) Tj ET Q q 0 0 0 rg BT 447.50 243.90 Td (the ) Tj ET Q q 0 0 0 rg BT 460.27 243.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 477.88 243.90 Td ( ) Tj ET Q q 0 0 0 rg BT 479.82 243.90 Td (with ) Tj ET Q q 0 0 0 rg BT 495.61 243.90 Td (the ) Tj ET Q q 0 0 0 rg BT 508.38 243.90 Td (strategic, ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 232.50 Td (administrative, ) Tj ET Q q 0 0 0 rg BT 124.88 232.50 Td (property ) Tj ET Q q 0 0 0 rg BT 156.12 232.50 Td (management, ) Tj ET Q q 0 0 0 rg BT 206.41 232.50 Td (leasing, ) Tj ET Q q 0 0 0 rg BT 235.92 232.50 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 277.55 232.50 Td (financing ) Tj ET Q q 0 0 0 rg BT 311.39 232.50 Td (and ) Tj ET Q q 0 0 0 rg BT 327.04 232.50 Td (construction ) Tj ET Q q 0 0 0 rg BT 371.70 232.50 Td (management ) Tj ET Q q 0 0 0 rg BT 419.83 232.50 Td (services ) Tj ET Q q 0 0 0 rg BT 451.06 232.50 Td (necessary ) Tj ET Q q 0 0 0 rg BT 489.22 232.50 Td (to ) Tj ET Q q 0 0 0 rg BT 498.37 232.50 Td (manage ) Tj ET Q q 0 0 0 rg BT 529.18 232.50 Td (the ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 221.10 Td (strategy ) Tj ET Q q 0 0 0 rg BT 101.88 221.10 Td (and ) Tj ET Q q 0 0 0 rg BT 117.05 221.10 Td (day-to-day ) Tj ET Q q 0 0 0 rg BT 156.02 221.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 194.57 221.10 Td (of ) Tj ET Q q 0 0 0 rg BT 203.24 221.10 Td (the ) Tj ET Q q 0 0 0 rg BT 216.23 221.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 233.84 221.10 Td ( ) Tj ET Q q 0 0 0 rg BT 236.01 221.10 Td (and ) Tj ET Q q 0 0 0 rg BT 251.17 221.10 Td (its ) Tj ET Q q 0 0 0 rg BT 261.13 221.10 Td (assets. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 203.70 Td (SMC and SLAM collectively held the following interests in the REIT) Tj ET Q q 0 0 0 rg BT 301.95 203.70 Td (:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 193.20000000000005 m 390.5 193.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 179.20000000000005 m 390.5 179.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 193.20000000000005 m 465.5 193.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 179.20000000000005 m 465.5 179.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 193.20000000000005 m 540.5 193.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 179.20000000000005 m 540.5 179.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 179.20000000000005 m 540.5 179.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 151.20000000000005 m 390.5 151.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 151.20000000000005 m 465.5 151.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 151.20000000000005 m 540.5 151.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 123.20000000000005 m 390.5 123.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 123.20000000000005 m 465.5 123.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 123.20000000000005 m 540.5 123.20000000000005 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 411.30 183.73 Td (June 30, 2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 468.55 183.73 Td (December 31, 2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 169.73 Td (REIT units) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 423.35 169.73 Td (1,687,251) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 498.35 169.73 Td (1,687,251) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 155.73 Td (Class B LP units) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 423.35 155.73 Td (5,285,160) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 498.35 155.73 Td (5,285,160) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 141.73 Td (Total) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 423.35 141.73 Td (6,972,411) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 498.35 141.73 Td (6,972,411) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 127.73 Td (Economic interest) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 442.85 127.73 Td (11.2) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 458.05 127.73 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 517.85 127.73 Td (15.1) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 533.05 127.73 Td (%) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 43 0 obj <> endobj 44 0 obj <> stream BT /F3 14.00 Tf ET q 0 0 0 rg BT 49.50 769.35 Td ( ) Tj ET Q q 0 0 0 rg BT 67.50 769.35 Td ( SLA) Tj ET Q q 0 0 0 rg BT 92.81 769.35 Td (TE OFFICE REIT) Tj ET Q BT /F3 14.00 Tf ET q 0 0 0 rg BT 72.00 752.55 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 121.55 752.55 Td (O THE CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 304.38 752.55 Td (TED INTERIM FINANCIAL) Tj ET Q q 0 0 0 rg BT 442.55 752.55 Td ( ST) Tj ET Q q 0 0 0 rg BT 459.57 752.55 Td (A) Tj ET Q q 0 0 0 rg BT 467.01 752.55 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 740.55 Td (\(all tabular amounts are expressed in thousands of Canadian dollars, unless otherwise noted\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 728.55 Td (\(unaudited\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 301.25 42.95 Td (Page 20) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 695.10 Td (The Management ) Tj ET Q q 0 0 0 rg BT 134.80 695.10 Td (Agreement provides for the following fees:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 681.6 m 164.5 681.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 71.5 667.6 m 164.5 667.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 164.5 681.6 m 173.5 681.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 164.5 667.6 m 173.5 667.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 173.5 681.6 m 329.5 681.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 173.5 667.6 m 329.5 667.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 681.6 m 337.5 681.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 329.5 667.6 m 337.5 667.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 681.6 m 539.5 681.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 337.5 667.6 m 539.5 667.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 583.6 m 164.5 583.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 164.5 583.6 m 173.5 583.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 173.5 583.6 m 329.5 583.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 583.6 m 337.5 583.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 583.6 m 539.5 583.6 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 74.00 672.13 Td (Type) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 515.20 672.13 Td (Basis) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 74.00 658.13 Td (Property management) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 481.85 658.13 Td (3% of revenues) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 74.00 644.13 Td (Asset management) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 440.15 644.13 Td (0.3% of gross book value ) Tj ET Q BT /F2 9.50 Tf ET BT /F2 6.17 Tf ET q 0 0 0 rg BT 529.81 646.56 Td (\(1\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 74.00 630.13 Td (Leasing) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 404.65 630.13 Td (5% on new leases, 2% on renewals ) Tj ET Q BT /F2 9.50 Tf ET BT /F2 6.17 Tf ET q 0 0 0 rg BT 529.81 632.56 Td (\(2\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 74.00 616.13 Td (Financing) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 456.25 616.13 Td (0.25% of debt financed) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 74.00 602.13 Td (Construction) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 489.20 602.13 Td (5.0% of costs) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 74.00 588.13 Td (Acquisition) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 499.60 588.13 Td (V) Tj ET Q q 0 0 0 rg BT 504.23 588.13 Td (ariable ) Tj ET Q BT /F2 9.50 Tf ET BT /F2 6.17 Tf ET q 0 0 0 rg BT 529.78 590.56 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET BT /F2 7.50 Tf ET q 0 0 0 rg BT 72.00 575.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 81.23 575.10 Td (Gross ) Tj ET Q q 0 0 0 rg BT 99.34 575.10 Td (book ) Tj ET Q q 0 0 0 rg BT 114.39 575.10 Td (value ) Tj ET Q q 0 0 0 rg BT 130.80 575.10 Td (is ) Tj ET Q q 0 0 0 rg BT 136.96 575.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 158.85 575.10 Td (as ) Tj ET Q q 0 0 0 rg BT 167.05 575.10 Td (the ) Tj ET Q q 0 0 0 rg BT 177.32 575.10 Td (book ) Tj ET Q q 0 0 0 rg BT 192.36 575.10 Td (value ) Tj ET Q q 0 0 0 rg BT 208.78 575.10 Td (of ) Tj ET Q q 0 0 0 rg BT 215.62 575.10 Td (the ) Tj ET Q q 0 0 0 rg BT 225.88 575.10 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 245.85 575.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 265.34 575.10 Td (as ) Tj ET Q q 0 0 0 rg BT 273.55 575.10 Td (shown ) Tj ET Q q 0 0 0 rg BT 293.04 575.10 Td (on ) Tj ET Q q 0 0 0 rg BT 301.59 575.10 Td (the ) Tj ET Q q 0 0 0 rg BT 311.85 575.10 Td (previous ) Tj ET Q q 0 0 0 rg BT 336.81 575.10 Td (quarter's ) Tj ET Q q 0 0 0 rg BT 362.26 575.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 398.51 575.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 422.79 575.10 Td (statements, ) Tj ET Q q 0 0 0 rg BT 456.30 575.10 Td (less ) Tj ET Q q 0 0 0 rg BT 468.95 575.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 495.95 575.10 Td (cash.) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 72.00 566.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 81.41 566.10 Td (Leasing ) Tj ET Q q 0 0 0 rg BT 104.85 566.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 118.38 566.10 Td (are ) Tj ET Q q 0 0 0 rg BT 129.16 566.10 Td (charged ) Tj ET Q q 0 0 0 rg BT 153.28 566.10 Td (to ) Tj ET Q q 0 0 0 rg BT 160.31 566.10 Td (the ) Tj ET Q q 0 0 0 rg BT 170.75 566.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 184.66 566.10 Td ( ) Tj ET Q q 0 0 0 rg BT 186.55 566.10 Td (net ) Tj ET Q q 0 0 0 rg BT 197.00 566.10 Td (of ) Tj ET Q q 0 0 0 rg BT 204.03 566.10 Td (any ) Tj ET Q q 0 0 0 rg BT 215.84 566.10 Td (third ) Tj ET Q q 0 0 0 rg BT 229.70 566.10 Td (party ) Tj ET Q q 0 0 0 rg BT 245.27 566.10 Td (brokerage ) Tj ET Q q 0 0 0 rg BT 274.86 566.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 288.38 566.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 301.91 566.10 Td (to ) Tj ET Q q 0 0 0 rg BT 308.93 566.10 Td (leasing ) Tj ET Q q 0 0 0 rg BT 330.32 566.10 Td (agents ) Tj ET Q q 0 0 0 rg BT 350.69 566.10 Td (retained ) Tj ET Q q 0 0 0 rg BT 374.81 566.10 Td (by ) Tj ET Q q 0 0 0 rg BT 383.20 566.10 Td (the ) Tj ET Q q 0 0 0 rg BT 393.65 566.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 406.97 566.10 Td (. ) Tj ET Q q 0 0 0 rg BT 410.58 566.10 Td (No ) Tj ET Q q 0 0 0 rg BT 420.33 566.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 430.78 566.10 Td (is ) Tj ET Q q 0 0 0 rg BT 437.12 566.10 Td (charged ) Tj ET Q q 0 0 0 rg BT 461.24 566.10 Td (to ) Tj ET Q q 0 0 0 rg BT 468.27 566.10 Td (the ) Tj ET Q q 0 0 0 rg BT 478.72 566.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 492.62 566.10 Td ( ) Tj ET Q q 0 0 0 rg BT 494.51 566.10 Td (where ) Tj ET Q q 0 0 0 rg BT 513.16 566.10 Td (such ) Tj ET Q q 0 0 0 rg BT 528.05 566.10 Td (third ) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 72.00 557.10 Td (party ) Tj ET Q q 0 0 0 rg BT 87.39 557.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 100.72 557.10 Td (are ) Tj ET Q q 0 0 0 rg BT 111.32 557.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 128.08 557.10 Td (to ) Tj ET Q q 0 0 0 rg BT 134.92 557.10 Td (or ) Tj ET Q q 0 0 0 rg BT 142.10 557.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 163.30 557.10 Td (than ) Tj ET Q q 0 0 0 rg BT 176.98 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 187.24 557.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 203.65 557.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 213.92 557.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 237.17 557.10 Td (to ) Tj ET Q q 0 0 0 rg BT 244.01 557.10 Td (SLAM.) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 72.00 548.10 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 80.89 548.10 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 112.34 548.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 125.68 548.10 Td (are ) Tj ET Q q 0 0 0 rg BT 136.28 548.10 Td (1.0% ) Tj ET Q q 0 0 0 rg BT 152.01 548.10 Td (on ) Tj ET Q q 0 0 0 rg BT 160.56 548.10 Td (the ) Tj ET Q q 0 0 0 rg BT 170.82 548.10 Td (first ) Tj ET Q q 0 0 0 rg BT 182.44 548.10 Td ($100 ) Tj ET Q q 0 0 0 rg BT 197.84 548.10 Td (million ) Tj ET Q q 0 0 0 rg BT 216.98 548.10 Td (of ) Tj ET Q q 0 0 0 rg BT 223.82 548.10 Td (acquisitions; ) Tj ET Q q 0 0 0 rg BT 259.38 548.10 Td (0.75% ) Tj ET Q q 0 0 0 rg BT 278.53 548.10 Td (on ) Tj ET Q q 0 0 0 rg BT 287.08 548.10 Td (the ) Tj ET Q q 0 0 0 rg BT 297.34 548.10 Td (next ) Tj ET Q q 0 0 0 rg BT 310.68 548.10 Td ($100 ) Tj ET Q q 0 0 0 rg BT 326.07 548.10 Td (million ) Tj ET Q q 0 0 0 rg BT 345.21 548.10 Td (of ) Tj ET Q q 0 0 0 rg BT 352.05 548.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 385.90 548.10 Td (and ) Tj ET Q q 0 0 0 rg BT 397.87 548.10 Td (0.50% ) Tj ET Q q 0 0 0 rg BT 417.02 548.10 Td (for ) Tj ET Q q 0 0 0 rg BT 425.91 548.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 459.76 548.10 Td (in ) Tj ET Q q 0 0 0 rg BT 466.26 548.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 487.11 548.10 Td (of ) Tj ET Q q 0 0 0 rg BT 493.96 548.10 Td ($200 ) Tj ET Q q 0 0 0 rg BT 509.35 548.10 Td (million. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 530.70 Td (Property ) Tj ET Q q 0 0 0 rg BT 103.81 530.70 Td (and ) Tj ET Q q 0 0 0 rg BT 119.18 530.70 Td (asset ) Tj ET Q q 0 0 0 rg BT 140.17 530.70 Td (management ) Tj ET Q q 0 0 0 rg BT 188.01 530.70 Td (fees ) Tj ET Q q 0 0 0 rg BT 205.10 530.70 Td (are ) Tj ET Q q 0 0 0 rg BT 218.73 530.70 Td (recorded ) Tj ET Q q 0 0 0 rg BT 251.84 530.70 Td (as ) Tj ET Q q 0 0 0 rg BT 262.44 530.70 Td (property ) Tj ET Q q 0 0 0 rg BT 293.39 530.70 Td (operating ) Tj ET Q q 0 0 0 rg BT 328.24 530.70 Td (and ) Tj ET Q q 0 0 0 rg BT 343.61 530.70 Td (general ) Tj ET Q q 0 0 0 rg BT 371.96 530.70 Td (and ) Tj ET Q q 0 0 0 rg BT 387.33 530.70 Td (administrative ) Tj ET Q q 0 0 0 rg BT 437.76 530.70 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 475.64 530.70 Td (respectively) Tj ET Q q 0 0 0 rg BT 516.21 530.70 Td (, ) Tj ET Q q 0 0 0 rg BT 520.74 530.70 Td (in ) Tj ET Q q 0 0 0 rg BT 529.17 530.70 Td (the ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 519.30 Td (period ) Tj ET Q q 0 0 0 rg BT 95.72 519.30 Td (incurred. ) Tj ET Q q 0 0 0 rg BT 128.09 519.30 Td ( ) Tj ET Q q 0 0 0 rg BT 129.75 519.30 Td (Acquisition, ) Tj ET Q q 0 0 0 rg BT 171.66 519.30 Td (construction ) Tj ET Q q 0 0 0 rg BT 215.73 519.30 Td (and ) Tj ET Q q 0 0 0 rg BT 230.80 519.30 Td (leasing ) Tj ET Q q 0 0 0 rg BT 257.55 519.30 Td (fees ) Tj ET Q q 0 0 0 rg BT 274.34 519.30 Td (are ) Tj ET Q q 0 0 0 rg BT 287.66 519.30 Td (recorded ) Tj ET Q q 0 0 0 rg BT 320.48 519.30 Td (as ) Tj ET Q q 0 0 0 rg BT 330.77 519.30 Td (additions ) Tj ET Q q 0 0 0 rg BT 364.02 519.30 Td (to ) Tj ET Q q 0 0 0 rg BT 372.58 519.30 Td (properties ) Tj ET Q q 0 0 0 rg BT 409.29 519.30 Td (when ) Tj ET Q q 0 0 0 rg BT 429.98 519.30 Td (payable ) Tj ET Q q 0 0 0 rg BT 459.33 519.30 Td (to ) Tj ET Q q 0 0 0 rg BT 467.90 519.30 Td (SMC. ) Tj ET Q q 0 0 0 rg BT 489.43 519.30 Td (Financing ) Tj ET Q q 0 0 0 rg BT 525.28 519.30 Td (fees ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 507.90 Td (are ) Tj ET Q q 0 0 0 rg BT 85.42 507.90 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 124.40 507.90 Td (to ) Tj ET Q q 0 0 0 rg BT 133.07 507.90 Td (debt ) Tj ET Q q 0 0 0 rg BT 150.40 507.90 Td (placed ) Tj ET Q q 0 0 0 rg BT 175.52 507.90 Td (at ) Tj ET Q q 0 0 0 rg BT 184.19 507.90 Td (the ) Tj ET Q q 0 0 0 rg BT 197.19 507.90 Td (time ) Tj ET Q q 0 0 0 rg BT 214.07 507.90 Td (of ) Tj ET Q q 0 0 0 rg BT 222.74 507.90 Td (closing ) Tj ET Q q 0 0 0 rg BT 249.16 507.90 Td (and ) Tj ET Q q 0 0 0 rg BT 264.32 507.90 Td (amortized ) Tj ET Q q 0 0 0 rg BT 300.69 507.90 Td (to ) Tj ET Q q 0 0 0 rg BT 309.36 507.90 Td (interest ) Tj ET Q q 0 0 0 rg BT 337.08 507.90 Td (expense ) Tj ET Q q 0 0 0 rg BT 368.70 507.90 Td (over ) Tj ET Q q 0 0 0 rg BT 386.02 507.90 Td (the ) Tj ET Q q 0 0 0 rg BT 399.02 507.90 Td (term ) Tj ET Q q 0 0 0 rg BT 416.77 507.90 Td (to ) Tj ET Q q 0 0 0 rg BT 425.43 507.90 Td (maturity ) Tj ET Q q 0 0 0 rg BT 455.31 507.90 Td (of ) Tj ET Q q 0 0 0 rg BT 463.97 507.90 Td (the ) Tj ET Q q 0 0 0 rg BT 476.97 507.90 Td (related ) Tj ET Q q 0 0 0 rg BT 502.96 507.90 Td (debt. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 493.50 Td (Fees payable during the period to SMC and SLAM for services provided were as follows:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 483 m 236.5 483 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236.5 483 m 312.5 483 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.5 483 m 388.5 483 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 483 m 464.5 483 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 483 m 540.5 483 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 455 m 236.5 455 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 236.5 455 m 312.5 455 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 312.5 455 m 388.5 455 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 388.5 455 m 464.5 455 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 455 m 540.5 455 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 236.5 455 m 312.5 455 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 312.5 455 m 388.5 455 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 388.5 455 m 464.5 455 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 455 m 540.5 455 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 389 m 236.5 389 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 236.5 389 m 312.5 389 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 312.5 389 m 388.5 389 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 388.5 389 m 464.5 389 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 389 m 540.5 389 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 375 m 236.5 375 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 236.5 389 m 312.5 389 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 236.5 375 m 312.5 375 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 312.5 389 m 388.5 389 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 312.5 375 m 388.5 375 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 388.5 389 m 464.5 389 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 375 m 464.5 375 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 389 m 540.5 389 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 375 m 540.5 375 l s BT /F2 9.50 Tf ET q 0 0 0 rg BT 281.00 473.53 Td (Three months ended June 30,) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 442.55 473.53 Td (Six months ended June 30,) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 291.65 459.53 Td (2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 367.65 459.53 Td (2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 443.65 459.53 Td (2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 519.65 459.53 Td (2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 445.53 Td (Property management) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 239.00 445.53 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 289.90 445.53 Td (1,081) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 315.00 445.53 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 372.40 445.53 Td (795) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 391.00 445.53 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 441.90 445.53 Td (2,029) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 467.00 445.53 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 517.90 445.53 Td (1,598) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 431.53 Td (Asset management) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 296.40 431.53 Td (872) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 372.40 431.53 Td (622) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 441.90 431.53 Td (1,640) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 517.90 431.53 Td (1,236) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 417.03 Td (Leasing, financing, and construction ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 407.53 Td (management) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 289.90 407.53 Td (1,166) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 365.90 407.53 Td (1,181) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 441.90 407.53 Td (3,183) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 517.90 407.53 Td (1,738) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 393.53 Td (Acquisition) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 289.90 393.53 Td (2,050) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 372.40 393.53 Td (849) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 441.90 393.53 Td (2,050) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 524.40 393.53 Td (849) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 239.00 379.53 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 289.90 379.53 Td (5,169) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 315.00 379.53 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 365.90 379.53 Td (3,447) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 391.00 379.53 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 441.90 379.53 Td (8,902) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 467.00 379.53 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 517.90 379.53 Td (5,421) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 361.10 Td (Property ) Tj ET Q q 0 0 0 rg BT 103.73 361.10 Td (administration ) Tj ET Q q 0 0 0 rg BT 154.51 361.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 171.53 361.10 Td (are ) Tj ET Q q 0 0 0 rg BT 185.07 361.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 218.97 361.10 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 261.96 361.10 Td (under ) Tj ET Q q 0 0 0 rg BT 284.17 361.10 Td (the ) Tj ET Q q 0 0 0 rg BT 297.29 361.10 Td (tenants) Tj ET Q q 0 0 0 rg BT 324.30 361.10 Td ( ) Tj ET Q q 0 0 0 rg BT 326.58 361.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 351.39 361.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 379.23 361.10 Td (to ) Tj ET Q q 0 0 0 rg BT 388.01 361.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 412.82 361.10 Td (or ) Tj ET Q q 0 0 0 rg BT 422.03 361.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 458.52 361.10 Td (of ) Tj ET Q q 0 0 0 rg BT 467.31 361.10 Td (the ) Tj ET Q q 0 0 0 rg BT 480.43 361.10 Td (Manager ) Tj ET Q q 0 0 0 rg BT 513.46 361.10 Td (that ) Tj ET Q q 0 0 0 rg BT 528.74 361.10 Td (are ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 349.70 Td (directly ) Tj ET Q q 0 0 0 rg BT 99.19 349.70 Td (attributable ) Tj ET Q q 0 0 0 rg BT 140.24 349.70 Td (to ) Tj ET Q q 0 0 0 rg BT 149.25 349.70 Td (the ) Tj ET Q q 0 0 0 rg BT 162.59 349.70 Td (management ) Tj ET Q q 0 0 0 rg BT 210.57 349.70 Td (of ) Tj ET Q q 0 0 0 rg BT 219.57 349.70 Td (the ) Tj ET Q q 0 0 0 rg BT 232.91 349.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 252.25 349.70 Td (s ) Tj ET Q q 0 0 0 rg BT 258.66 349.70 Td (properties. ) Tj ET Q q 0 0 0 rg BT 297.97 349.70 Td (Property ) Tj ET Q q 0 0 0 rg BT 329.92 349.70 Td (administration ) Tj ET Q q 0 0 0 rg BT 380.93 349.70 Td (fees ) Tj ET Q q 0 0 0 rg BT 398.16 349.70 Td (were ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 417.55 349.70 Td ($1.7 ) Tj ET Q q 0 0 0 rg BT 435.22 349.70 Td (million) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 457.30 349.70 Td ( ) Tj ET Q q 0 0 0 rg BT 459.81 349.70 Td (and ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 475.31 349.70 Td ($3.3 ) Tj ET Q q 0 0 0 rg BT 492.98 349.70 Td (million) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 515.06 349.70 Td ( ) Tj ET Q q 0 0 0 rg BT 517.57 349.70 Td (for ) Tj ET Q q 0 0 0 rg BT 529.17 349.70 Td (the ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 338.30 Td (three ) Tj ET Q q 0 0 0 rg BT 92.24 338.30 Td (and ) Tj ET Q q 0 0 0 rg BT 107.72 338.30 Td (six ) Tj ET Q q 0 0 0 rg BT 119.73 338.30 Td (month ) Tj ET Q q 0 0 0 rg BT 143.87 338.30 Td (periods ) Tj ET Q q 0 0 0 rg BT 171.91 338.30 Td (ended ) Tj ET Q q 0 0 0 rg BT 196.05 338.30 Td (June ) Tj ET Q q 0 0 0 rg BT 215.43 338.30 Td (30, ) Tj ET Q q 0 0 0 rg BT 228.75 338.30 Td (2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 246.08 338.30 Td (, ) Tj ET Q q 0 0 0 rg BT 250.73 338.30 Td (respectively ) Tj ET Q q 0 0 0 rg BT 294.35 338.30 Td (\() Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 296.95 338.30 Td (June30, ) Tj ET Q q 0 0 0 rg BT 329.32 338.30 Td (2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 346.65 338.30 Td ( ) Tj ET Q q 0 0 0 rg BT 349.14 338.30 Td ( ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 355.96 338.30 Td ($1.5 ) Tj ET Q q 0 0 0 rg BT 373.60 338.30 Td (million) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 395.68 338.30 Td ( ) Tj ET Q q 0 0 0 rg BT 398.17 338.30 Td (and ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 413.65 338.30 Td ($2.7 ) Tj ET Q q 0 0 0 rg BT 431.30 338.30 Td (million) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 453.37 338.30 Td (\). ) Tj ET Q q 0 0 0 rg BT 460.13 338.30 Td (Administrative ) Tj ET Q q 0 0 0 rg BT 511.54 338.30 Td (fees ) Tj ET Q q 0 0 0 rg BT 528.75 338.30 Td (are ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 326.90 Td (recovered ) Tj ET Q q 0 0 0 rg BT 108.62 326.90 Td (from ) Tj ET Q q 0 0 0 rg BT 126.18 326.90 Td (most ) Tj ET Q q 0 0 0 rg BT 145.05 326.90 Td (tenants ) Tj ET Q q 0 0 0 rg BT 172.59 326.90 Td (by ) Tj ET Q q 0 0 0 rg BT 182.80 326.90 Td (the ) Tj ET Q q 0 0 0 rg BT 195.61 326.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 213.22 326.90 Td ( ) Tj ET Q q 0 0 0 rg BT 215.19 326.90 Td (in ) Tj ET Q q 0 0 0 rg BT 223.24 326.90 Td (accordance ) Tj ET Q q 0 0 0 rg BT 265.49 326.90 Td (with ) Tj ET Q q 0 0 0 rg BT 281.33 326.90 Td (the ) Tj ET Q q 0 0 0 rg BT 294.14 326.90 Td (terms ) Tj ET Q q 0 0 0 rg BT 315.59 326.90 Td (of ) Tj ET Q q 0 0 0 rg BT 324.07 326.90 Td (the ) Tj ET Q q 0 0 0 rg BT 336.88 326.90 Td (leases, ) Tj ET Q q 0 0 0 rg BT 363.55 326.90 Td (whereas ) Tj ET Q q 0 0 0 rg BT 394.97 326.90 Td (property ) Tj ET Q q 0 0 0 rg BT 425.53 326.90 Td (management ) Tj ET Q q 0 0 0 rg BT 472.98 326.90 Td (fees ) Tj ET Q q 0 0 0 rg BT 489.69 326.90 Td (payable ) Tj ET Q q 0 0 0 rg BT 518.96 326.90 Td (by ) Tj ET Q q 0 0 0 rg BT 529.17 326.90 Td (the ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 315.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 89.61 315.50 Td ( ) Tj ET Q q 0 0 0 rg BT 91.78 315.50 Td (to ) Tj ET Q q 0 0 0 rg BT 100.44 315.50 Td (the ) Tj ET Q q 0 0 0 rg BT 113.44 315.50 Td (Manager ) Tj ET Q q 0 0 0 rg BT 146.35 315.50 Td (are ) Tj ET Q q 0 0 0 rg BT 159.78 315.50 Td (determined ) Tj ET Q q 0 0 0 rg BT 200.92 315.50 Td (in ) Tj ET Q q 0 0 0 rg BT 209.15 315.50 Td (accordance ) Tj ET Q q 0 0 0 rg BT 251.59 315.50 Td (with ) Tj ET Q q 0 0 0 rg BT 267.61 315.50 Td (the ) Tj ET Q q 0 0 0 rg BT 280.61 315.50 Td (Management ) Tj ET Q q 0 0 0 rg BT 327.82 315.50 Td (Agreement. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 301.10 Td (The following are the assets and liabilities included in the consolidated statement of financial position of the REIT) Tj ET Q q 0 0 0 rg BT 460.37 301.10 Td ( related to SMC and ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 289.70 Td (SLAM: ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 279.20000000000005 m 390.5 279.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 265.20000000000005 m 390.5 265.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 279.20000000000005 m 465.5 279.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 265.20000000000005 m 465.5 265.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 279.20000000000005 m 540.5 279.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 265.20000000000005 m 540.5 265.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 265.20000000000005 m 465.5 265.20000000000005 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 265.20000000000005 m 540.5 265.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 223.20000000000005 m 390.5 223.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 223.20000000000005 m 465.5 223.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 223.20000000000005 m 540.5 223.20000000000005 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 411.30 269.73 Td (June 30, 2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 468.55 269.73 Td (December 31, 2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 255.73 Td (Accounts receivable) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.00 255.73 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 449.40 255.73 Td (404) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 468.00 255.73 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 524.40 255.73 Td (469) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 241.73 Td (Accounts payable and accrued liabilities) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 449.40 241.73 Td (319) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 524.40 241.73 Td (215) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 227.73 Td (Class B LP units) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 438.55 227.73 Td (42,281) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 513.55 227.73 Td (41,753) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 206.30 Td (On ) Tj ET Q q 0 0 0 rg BT 84.09 206.30 Td (September ) Tj ET Q q 0 0 0 rg BT 123.89 206.30 Td (8, ) Tj ET Q q 0 0 0 rg BT 132.08 206.30 Td (2016, ) Tj ET Q q 0 0 0 rg BT 153.27 206.30 Td (the ) Tj ET Q q 0 0 0 rg BT 165.79 206.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 183.40 206.30 Td ( ) Tj ET Q q 0 0 0 rg BT 185.09 206.30 Td (acquired ) Tj ET Q q 0 0 0 rg BT 216.67 206.30 Td (365 ) Tj ET Q q 0 0 0 rg BT 231.36 206.30 Td (Hargrave ) Tj ET Q q 0 0 0 rg BT 265.09 206.30 Td (St. ) Tj ET Q q 0 0 0 rg BT 276.31 206.30 Td (from ) Tj ET Q q 0 0 0 rg BT 293.58 206.30 Td (SMC ) Tj ET Q q 0 0 0 rg BT 312.58 206.30 Td (for ) Tj ET Q q 0 0 0 rg BT 323.37 206.30 Td (consideration ) Tj ET Q q 0 0 0 rg BT 371.40 206.30 Td (of ) Tj ET Q q 0 0 0 rg BT 379.59 206.30 Td ($12.4 ) Tj ET Q q 0 0 0 rg BT 400.78 206.30 Td (million. ) Tj ET Q q 0 0 0 rg BT 426.71 206.30 Td (No ) Tj ET Q q 0 0 0 rg BT 438.36 206.30 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 476.87 206.30 Td (fees ) Tj ET Q q 0 0 0 rg BT 493.29 206.30 Td (were ) Tj ET Q q 0 0 0 rg BT 511.86 206.30 Td (charged ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 194.90 Td (by ) Tj ET Q q 0 0 0 rg BT 82.40 194.90 Td (SMC. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 72.00 177.50 Td (22. ) Tj ET Q q 0 0 0 rg BT 85.00 177.50 Td ( ) Tj ET Q q 0 0 0 rg BT 87.16 177.50 Td ( ) Tj ET Q q 0 0 0 rg BT 89.33 177.50 Td ( ) Tj ET Q q 0 0 0 rg BT 91.50 177.50 Td ( ) Tj ET Q q 0 0 0 rg BT 93.66 177.50 Td ( ) Tj ET Q q 0 0 0 rg BT 95.83 177.50 Td ( ) Tj ET Q q 0 0 0 rg BT 98.00 177.50 Td (Fair ) Tj ET Q q 0 0 0 rg BT 114.45 177.50 Td (values) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 160.10 Td (The ) Tj ET Q q 0 0 0 rg BT 86.74 160.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 104.35 160.10 Td ( ) Tj ET Q q 0 0 0 rg BT 105.67 160.10 Td (uses ) Tj ET Q q 0 0 0 rg BT 123.45 160.10 Td (various ) Tj ET Q q 0 0 0 rg BT 149.88 160.10 Td (methods ) Tj ET Q q 0 0 0 rg BT 181.08 160.10 Td (in ) Tj ET Q q 0 0 0 rg BT 188.47 160.10 Td (estimating ) Tj ET Q q 0 0 0 rg BT 225.30 160.10 Td (the ) Tj ET Q q 0 0 0 rg BT 237.45 160.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 249.59 160.10 Td (values ) Tj ET Q q 0 0 0 rg BT 273.43 160.10 Td (of ) Tj ET Q q 0 0 0 rg BT 281.25 160.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 305.09 160.10 Td (and ) Tj ET Q q 0 0 0 rg BT 319.41 160.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 350.17 160.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 389.60 160.10 Td (and ) Tj ET Q q 0 0 0 rg BT 403.92 160.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 439.88 160.10 Td (at ) Tj ET Q q 0 0 0 rg BT 447.70 160.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 459.84 160.10 Td (value ) Tj ET Q q 0 0 0 rg BT 479.78 160.10 Td (in ) Tj ET Q q 0 0 0 rg BT 487.16 160.10 Td (its ) Tj ET Q q 0 0 0 rg BT 496.28 160.10 Td (consolidated ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 148.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 101.82 148.70 Td (statements. ) Tj ET Q q 0 0 0 rg BT 143.25 148.70 Td (The ) Tj ET Q q 0 0 0 rg BT 157.91 148.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 175.51 148.70 Td ( ) Tj ET Q q 0 0 0 rg BT 176.75 148.70 Td (has ) Tj ET Q q 0 0 0 rg BT 190.54 148.70 Td (a ) Tj ET Q q 0 0 0 rg BT 196.10 148.70 Td (management ) Tj ET Q q 0 0 0 rg BT 242.81 148.70 Td (team ) Tj ET Q q 0 0 0 rg BT 261.36 148.70 Td (that ) Tj ET Q q 0 0 0 rg BT 275.59 148.70 Td (has ) Tj ET Q q 0 0 0 rg BT 289.38 148.70 Td (overall ) Tj ET Q q 0 0 0 rg BT 313.56 148.70 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 359.83 148.70 Td (for ) Tj ET Q q 0 0 0 rg BT 370.15 148.70 Td (overseeing ) Tj ET Q q 0 0 0 rg BT 409.49 148.70 Td (all ) Tj ET Q q 0 0 0 rg BT 418.52 148.70 Td (significant ) Tj ET Q q 0 0 0 rg BT 454.40 148.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 466.45 148.70 Td (value ) Tj ET Q q 0 0 0 rg BT 486.31 148.70 Td (measurements. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 137.30 Td (Significant ) Tj ET Q q 0 0 0 rg BT 110.56 137.30 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 159.95 137.30 Td (inputs ) Tj ET Q q 0 0 0 rg BT 183.36 137.30 Td (and ) Tj ET Q q 0 0 0 rg BT 198.97 137.30 Td (valuation ) Tj ET Q q 0 0 0 rg BT 232.77 137.30 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 277.39 137.30 Td (are ) Tj ET Q q 0 0 0 rg BT 291.26 137.30 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 325.05 137.30 Td (on ) Tj ET Q q 0 0 0 rg BT 336.33 137.30 Td (a ) Tj ET Q q 0 0 0 rg BT 343.27 137.30 Td (regular ) Tj ET Q q 0 0 0 rg BT 370.13 137.30 Td (basis. ) Tj ET Q q 0 0 0 rg BT 393.10 137.30 Td (In ) Tj ET Q q 0 0 0 rg BT 402.22 137.30 Td (addition, ) Tj ET Q q 0 0 0 rg BT 434.29 137.30 Td (when ) Tj ET Q q 0 0 0 rg BT 455.52 137.30 Td (third ) Tj ET Q q 0 0 0 rg BT 473.29 137.30 Td (party ) Tj ET Q q 0 0 0 rg BT 493.22 137.30 Td (information ) Tj ET Q q 0 0 0 rg BT 534.38 137.30 Td (is ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 125.90 Td (used ) Tj ET Q q 0 0 0 rg BT 90.30 125.90 Td (to ) Tj ET Q q 0 0 0 rg BT 98.20 125.90 Td (measure ) Tj ET Q q 0 0 0 rg BT 129.92 125.90 Td (fair ) Tj ET Q q 0 0 0 rg BT 142.15 125.90 Td (values, ) Tj ET Q q 0 0 0 rg BT 168.24 125.90 Td (supporting ) Tj ET Q q 0 0 0 rg BT 206.03 125.90 Td (evidence ) Tj ET Q q 0 0 0 rg BT 238.62 125.90 Td (is ) Tj ET Q q 0 0 0 rg BT 245.65 125.90 Td (obtained ) Tj ET Q q 0 0 0 rg BT 276.95 125.90 Td (and ) Tj ET Q q 0 0 0 rg BT 291.35 125.90 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 323.93 125.90 Td (to ) Tj ET Q q 0 0 0 rg BT 331.84 125.90 Td (ensure ) Tj ET Q q 0 0 0 rg BT 357.06 125.90 Td (compliance ) Tj ET Q q 0 0 0 rg BT 397.88 125.90 Td (with ) Tj ET Q q 0 0 0 rg BT 413.13 125.90 Td (the ) Tj ET Q q 0 0 0 rg BT 425.37 125.90 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 444.52 125.90 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 493.56 125.90 Td ( ) Tj ET Q q 0 0 0 rg BT 494.87 125.90 Td (The ) Tj ET Q q 0 0 0 rg BT 509.70 125.90 Td (following ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 114.50 Td (categories ) Tj ET Q q 0 0 0 rg BT 110.11 114.50 Td (in ) Tj ET Q q 0 0 0 rg BT 118.34 114.50 Td (the ) Tj ET Q q 0 0 0 rg BT 131.34 114.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 144.33 114.50 Td (value ) Tj ET Q q 0 0 0 rg BT 165.12 114.50 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 199.33 114.50 Td (reflect ) Tj ET Q q 0 0 0 rg BT 222.71 114.50 Td (the ) Tj ET Q q 0 0 0 rg BT 235.71 114.50 Td (significance ) Tj ET Q q 0 0 0 rg BT 278.59 114.50 Td (of ) Tj ET Q q 0 0 0 rg BT 287.25 114.50 Td (inputs ) Tj ET Q q 0 0 0 rg BT 310.21 114.50 Td (used ) Tj ET Q q 0 0 0 rg BT 329.27 114.50 Td (in ) Tj ET Q q 0 0 0 rg BT 337.50 114.50 Td (determining ) Tj ET Q q 0 0 0 rg BT 380.37 114.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 393.36 114.50 Td (values:) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 97.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 92.79 97.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 99.29 97.10 Td (- ) Tj ET Q q 0 0 0 rg BT 104.05 97.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 130.05 97.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 152.99 97.10 Td (in ) Tj ET Q q 0 0 0 rg BT 161.22 97.10 Td (active ) Tj ET Q q 0 0 0 rg BT 183.74 97.10 Td (markets;) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 79.70 Td (Level ) Tj ET Q q 0 0 0 rg BT 92.27 79.70 Td (2 ) Tj ET Q q 0 0 0 rg BT 98.24 79.70 Td (- ) Tj ET Q q 0 0 0 rg BT 102.48 79.70 Td (inputs ) Tj ET Q q 0 0 0 rg BT 124.91 79.70 Td (other ) Tj ET Q q 0 0 0 rg BT 144.31 79.70 Td (than ) Tj ET Q q 0 0 0 rg BT 161.11 79.70 Td (quoted ) Tj ET Q q 0 0 0 rg BT 186.58 79.70 Td (prices ) Tj ET Q q 0 0 0 rg BT 209.01 79.70 Td (in ) Tj ET Q q 0 0 0 rg BT 216.71 79.70 Td (active ) Tj ET Q q 0 0 0 rg BT 238.71 79.70 Td (markets ) Tj ET Q q 0 0 0 rg BT 268.06 79.70 Td (or ) Tj ET Q q 0 0 0 rg BT 276.62 79.70 Td (valuation ) Tj ET Q q 0 0 0 rg BT 309.45 79.70 Td (techniques ) Tj ET Q q 0 0 0 rg BT 348.78 79.70 Td (where ) Tj ET Q q 0 0 0 rg BT 371.63 79.70 Td (significant ) Tj ET Q q 0 0 0 rg BT 407.92 79.70 Td (inputs ) Tj ET Q q 0 0 0 rg BT 430.35 79.70 Td (are ) Tj ET Q q 0 0 0 rg BT 443.25 79.70 Td (based ) Tj ET Q q 0 0 0 rg BT 466.12 79.70 Td (on ) Tj ET Q q 0 0 0 rg BT 476.43 79.70 Td (observable ) Tj ET Q q 0 0 0 rg BT 516.18 79.70 Td (market ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 68.30 Td (data; ) Tj ET Q q 0 0 0 rg BT 91.50 68.30 Td (and) Tj ET Q endstream endobj 45 0 obj <> endobj 46 0 obj <> stream BT /F3 14.00 Tf ET q 0 0 0 rg BT 49.50 769.35 Td ( ) Tj ET Q q 0 0 0 rg BT 67.50 769.35 Td ( SLA) Tj ET Q q 0 0 0 rg BT 92.81 769.35 Td (TE OFFICE REIT) Tj ET Q BT /F3 14.00 Tf ET q 0 0 0 rg BT 72.00 752.55 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 121.55 752.55 Td (O THE CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 304.38 752.55 Td (TED INTERIM FINANCIAL) Tj ET Q q 0 0 0 rg BT 442.55 752.55 Td ( ST) Tj ET Q q 0 0 0 rg BT 459.57 752.55 Td (A) Tj ET Q q 0 0 0 rg BT 467.01 752.55 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 740.55 Td (\(all tabular amounts are expressed in thousands of Canadian dollars, unless otherwise noted\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 728.55 Td (\(unaudited\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 301.25 42.95 Td (Page 21) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 695.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 92.79 695.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 99.29 695.10 Td (- ) Tj ET Q q 0 0 0 rg BT 104.05 695.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 137.40 695.10 Td (technique ) Tj ET Q q 0 0 0 rg BT 173.36 695.10 Td (for ) Tj ET Q q 0 0 0 rg BT 184.62 695.10 Td (which ) Tj ET Q q 0 0 0 rg BT 206.70 695.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 243.51 695.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 266.47 695.10 Td (are ) Tj ET Q q 0 0 0 rg BT 279.89 695.10 Td (not ) Tj ET Q q 0 0 0 rg BT 292.89 695.10 Td (based ) Tj ET Q q 0 0 0 rg BT 316.28 695.10 Td (on ) Tj ET Q q 0 0 0 rg BT 327.12 695.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 367.39 695.10 Td (market ) Tj ET Q q 0 0 0 rg BT 393.37 695.10 Td (data.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 677.70 Td (The ) Tj ET Q q 0 0 0 rg BT 87.93 677.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 101.26 677.70 Td (values ) Tj ET Q q 0 0 0 rg BT 126.29 677.70 Td (of ) Tj ET Q q 0 0 0 rg BT 135.29 677.70 Td (the ) Tj ET Q q 0 0 0 rg BT 148.63 677.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 167.97 677.70 Td (s ) Tj ET Q q 0 0 0 rg BT 174.37 677.70 Td (cash, ) Tj ET Q q 0 0 0 rg BT 195.50 677.70 Td (restricted ) Tj ET Q q 0 0 0 rg BT 230.05 677.70 Td (cash, ) Tj ET Q q 0 0 0 rg BT 251.18 677.70 Td (accounts ) Tj ET Q q 0 0 0 rg BT 284.87 677.70 Td (receivable, ) Tj ET Q q 0 0 0 rg BT 325.05 677.70 Td (other ) Tj ET Q q 0 0 0 rg BT 345.31 677.70 Td (assets ) Tj ET Q q 0 0 0 rg BT 370.34 677.70 Td (and ) Tj ET Q q 0 0 0 rg BT 385.84 677.70 Td (accounts ) Tj ET Q q 0 0 0 rg BT 419.54 677.70 Td (payable ) Tj ET Q q 0 0 0 rg BT 449.33 677.70 Td (and ) Tj ET Q q 0 0 0 rg BT 464.83 677.70 Td (accrued ) Tj ET Q q 0 0 0 rg BT 495.06 677.70 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 527.01 677.70 Td (and ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 666.30 Td (other ) Tj ET Q q 0 0 0 rg BT 92.20 666.30 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 124.08 666.30 Td (approximate ) Tj ET Q q 0 0 0 rg BT 169.39 666.30 Td (their ) Tj ET Q q 0 0 0 rg BT 186.99 666.30 Td (carrying ) Tj ET Q q 0 0 0 rg BT 217.14 666.30 Td (amounts ) Tj ET Q q 0 0 0 rg BT 249.46 666.30 Td (due ) Tj ET Q q 0 0 0 rg BT 264.90 666.30 Td (to ) Tj ET Q q 0 0 0 rg BT 273.84 666.30 Td (the ) Tj ET Q q 0 0 0 rg BT 287.11 666.30 Td (relatively ) Tj ET Q q 0 0 0 rg BT 320.29 666.30 Td (short ) Tj ET Q q 0 0 0 rg BT 340.05 666.30 Td (periods ) Tj ET Q q 0 0 0 rg BT 368.04 666.30 Td (to ) Tj ET Q q 0 0 0 rg BT 376.98 666.30 Td (maturity ) Tj ET Q q 0 0 0 rg BT 407.13 666.30 Td (of ) Tj ET Q q 0 0 0 rg BT 416.07 666.30 Td (these ) Tj ET Q q 0 0 0 rg BT 437.57 666.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 468.60 666.30 Td (instruments. ) Tj ET Q q 0 0 0 rg BT 513.32 666.30 Td (The ) Tj ET Q q 0 0 0 rg BT 529.19 666.30 Td (fair ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 654.90 Td (value ) Tj ET Q q 0 0 0 rg BT 92.71 654.90 Td (of ) Tj ET Q q 0 0 0 rg BT 101.29 654.90 Td (the ) Tj ET Q q 0 0 0 rg BT 114.20 654.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 133.54 654.90 Td (s ) Tj ET Q q 0 0 0 rg BT 139.52 654.90 Td (revolving ) Tj ET Q q 0 0 0 rg BT 172.78 654.90 Td (credit ) Tj ET Q q 0 0 0 rg BT 193.91 654.90 Td (facility) Tj ET Q q 0 0 0 rg BT 214.99 654.90 Td (, ) Tj ET Q q 0 0 0 rg BT 219.24 654.90 Td (revolving ) Tj ET Q q 0 0 0 rg BT 252.50 654.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 287.07 654.90 Td (facility ) Tj ET Q q 0 0 0 rg BT 310.80 654.90 Td (and ) Tj ET Q q 0 0 0 rg BT 325.88 654.90 Td (term ) Tj ET Q q 0 0 0 rg BT 343.54 654.90 Td (loan, ) Tj ET Q q 0 0 0 rg BT 362.52 654.90 Td (approximates ) Tj ET Q q 0 0 0 rg BT 411.37 654.90 Td (their ) Tj ET Q q 0 0 0 rg BT 428.61 654.90 Td (carrying ) Tj ET Q q 0 0 0 rg BT 458.40 654.90 Td (value ) Tj ET Q q 0 0 0 rg BT 479.10 654.90 Td (since ) Tj ET Q q 0 0 0 rg BT 499.37 654.90 Td (the ) Tj ET Q q 0 0 0 rg BT 512.29 654.90 Td (facilities ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 643.50 Td (bear ) Tj ET Q q 0 0 0 rg BT 89.90 643.50 Td (interest ) Tj ET Q q 0 0 0 rg BT 117.76 643.50 Td (at ) Tj ET Q q 0 0 0 rg BT 126.57 643.50 Td (floating ) Tj ET Q q 0 0 0 rg BT 154.00 643.50 Td (market ) Tj ET Q q 0 0 0 rg BT 180.12 643.50 Td (interest ) Tj ET Q q 0 0 0 rg BT 207.98 643.50 Td (rates. ) Tj ET Q q 0 0 0 rg BT 229.78 643.50 Td (Mortgages ) Tj ET Q q 0 0 0 rg BT 268.90 643.50 Td (are ) Tj ET Q q 0 0 0 rg BT 282.46 643.50 Td (measured ) Tj ET Q q 0 0 0 rg BT 319.41 643.50 Td (at ) Tj ET Q q 0 0 0 rg BT 328.22 643.50 Td (amortized ) Tj ET Q q 0 0 0 rg BT 364.74 643.50 Td (cost, ) Tj ET Q q 0 0 0 rg BT 383.51 643.50 Td (and ) Tj ET Q q 0 0 0 rg BT 398.81 643.50 Td (their ) Tj ET Q q 0 0 0 rg BT 416.28 643.50 Td (fair ) Tj ET Q q 0 0 0 rg BT 429.41 643.50 Td (values ) Tj ET Q q 0 0 0 rg BT 454.24 643.50 Td (are ) Tj ET Q q 0 0 0 rg BT 467.81 643.50 Td (based ) Tj ET Q q 0 0 0 rg BT 491.34 643.50 Td (on ) Tj ET Q q 0 0 0 rg BT 502.32 643.50 Td (discounted ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 632.10 Td (future ) Tj ET Q q 0 0 0 rg BT 94.09 632.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 112.71 632.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 132.63 632.10 Td (using ) Tj ET Q q 0 0 0 rg BT 153.42 632.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 184.61 632.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 204.09 632.10 Td (that ) Tj ET Q q 0 0 0 rg BT 219.26 632.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 242.64 632.10 Td (current ) Tj ET Q q 0 0 0 rg BT 269.06 632.10 Td (market ) Tj ET Q q 0 0 0 rg BT 295.04 632.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 332.28 632.10 Td (for ) Tj ET Q q 0 0 0 rg BT 343.54 632.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 385.98 632.10 Td (with ) Tj ET Q q 0 0 0 rg BT 402.00 632.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 426.67 632.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 448.31 632.10 Td (and ) Tj ET Q q 0 0 0 rg BT 463.48 632.10 Td (risks. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 614.70 Td (The ) Tj ET Q q 0 0 0 rg BT 87.58 614.70 Td (following ) Tj ET Q q 0 0 0 rg BT 120.05 614.70 Td (tables ) Tj ET Q q 0 0 0 rg BT 143.00 614.70 Td (summarize ) Tj ET Q q 0 0 0 rg BT 183.25 614.70 Td (the ) Tj ET Q q 0 0 0 rg BT 196.24 614.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 209.22 614.70 Td (value ) Tj ET Q q 0 0 0 rg BT 230.00 614.70 Td (measurements ) Tj ET Q q 0 0 0 rg BT 283.68 614.70 Td (recognized ) Tj ET Q q 0 0 0 rg BT 323.95 614.70 Td (on ) Tj ET Q q 0 0 0 rg BT 334.77 614.70 Td (the ) Tj ET Q q 0 0 0 rg BT 347.76 614.70 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 393.67 614.70 Td (statement ) Tj ET Q q 0 0 0 rg BT 430.04 614.70 Td (of ) Tj ET Q q 0 0 0 rg BT 438.70 614.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 469.44 614.70 Td (position ) Tj ET Q q 0 0 0 rg BT 498.45 614.70 Td (or ) Tj ET Q q 0 0 0 rg BT 507.53 614.70 Td (disclosed ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 603.30 Td (in ) Tj ET Q q 0 0 0 rg BT 80.23 603.30 Td (the ) Tj ET Q q 0 0 0 rg BT 93.23 603.30 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 118.53 603.30 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 164.44 603.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 195.19 603.30 Td (statements, ) Tj ET Q q 0 0 0 rg BT 237.64 603.30 Td (categorized ) Tj ET Q q 0 0 0 rg BT 280.08 603.30 Td (by ) Tj ET Q q 0 0 0 rg BT 290.48 603.30 Td (fair ) Tj ET Q q 0 0 0 rg BT 303.47 603.30 Td (value ) Tj ET Q q 0 0 0 rg BT 324.26 603.30 Td (hierarchy:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 586.8 m 214.5 586.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 214.5 586.8 m 240.5 586.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 586.8 m 315.5 586.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 586.8 m 390.5 586.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 586.8 m 465.5 586.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 586.8 m 540.5 586.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315.5 572.8 m 390.5 572.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 572.8 m 465.5 572.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 572.8 m 540.5 572.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 558.8 m 214.5 558.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 214.5 558.8 m 240.5 558.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 558.8 m 315.5 558.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315.5 558.8 m 390.5 558.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 558.8 m 465.5 558.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 558.8 m 540.5 558.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 446.8 m 214.5 446.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 214.5 446.8 m 240.5 446.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 446.8 m 315.5 446.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 446.8 m 390.5 446.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 446.8 m 465.5 446.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 446.8 m 540.5 446.8 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 425.60 577.33 Td (Fair value) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 75.00 563.33 Td (June 30, 2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 218.30 563.33 Td (Note) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 249.65 563.33 Td (Carrying amount) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 360.55 563.33 Td (Level 1) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 435.55 563.33 Td (Level 2) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 510.55 563.33 Td (Level 3) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 75.00 549.33 Td (Recorded at fair value) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 535.33 Td (Properties) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 224.80 535.28 Td (4) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 243.00 535.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 277.70 535.33 Td (1,223,073) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 318.00 535.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 379.60 535.38 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 393.00 535.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 454.60 535.33 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 468.00 535.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 502.70 535.33 Td (1,223,073) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 521.33 Td (Derivatives) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 222.65 521.28 Td (12) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 290.30 521.33 Td (\(1,770) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 312.40 521.33 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 379.60 521.38 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 440.30 521.33 Td (\(1,770) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 462.40 521.33 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 529.60 521.33 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 507.33 Td (Class B LP units) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 222.65 507.28 Td (13) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 285.95 507.33 Td (\(42,281) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 312.40 507.33 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 360.95 507.33 Td (\(42,281) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 387.40 507.33 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 454.60 507.33 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 529.60 507.33 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 75.00 493.33 Td (Fair values disclosed) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 479.33 Td (Cash) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 243.00 479.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 292.90 479.33 Td (2,282) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 318.00 479.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 367.90 479.33 Td (2,282) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 393.00 479.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 454.60 479.33 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 468.00 479.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 529.60 479.33 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 465.33 Td (Restricted cash) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 292.90 465.33 Td (1,405) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 367.90 465.33 Td (1,405) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 454.60 465.33 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 529.60 465.33 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 451.33 Td (Debt) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 222.65 451.28 Td (10) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 281.60 451.33 Td (\(752,312) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 312.40 451.33 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 379.60 451.38 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 431.60 451.33 Td (\(754,337) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 462.40 451.33 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 529.60 451.33 Td () Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 430.8 m 213.5 430.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 213.5 430.8 m 240.5 430.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 430.8 m 315.5 430.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 430.8 m 390.5 430.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 430.8 m 465.5 430.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 430.8 m 540.5 430.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 402.8 m 213.5 402.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 213.5 402.8 m 240.5 402.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 240.5 402.8 m 315.5 402.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315.5 416.8 m 390.5 416.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 315.5 402.8 m 390.5 402.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 416.8 m 465.5 416.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 402.8 m 465.5 402.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 416.8 m 540.5 416.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 402.8 m 540.5 402.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 290.8 m 213.5 290.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 213.5 290.8 m 240.5 290.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 240.5 290.8 m 315.5 290.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315.5 290.8 m 390.5 290.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 290.8 m 465.5 290.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 290.8 m 540.5 290.8 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 425.60 421.33 Td (Fair value) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 75.00 407.33 Td (December 31, 2016) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 217.80 407.33 Td (Note) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 249.65 407.33 Td (Carrying amount) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 360.55 407.33 Td (Level 1) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 435.55 407.33 Td (Level 2) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 510.55 407.33 Td (Level 3) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 75.00 393.33 Td (Recorded at fair value) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 379.33 Td (Properties) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 224.30 379.28 Td (4) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 243.00 379.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 284.20 379.33 Td (946,939) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 318.00 379.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 379.60 379.38 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 393.00 379.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 454.60 379.33 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 468.00 379.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 509.20 379.33 Td (946,939) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 365.33 Td (Derivatives) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 222.15 365.28 Td (12) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 290.30 365.33 Td (\(2,482) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 312.40 365.33 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 379.60 365.38 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 440.30 365.33 Td (\(2,482) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 462.40 365.33 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 529.60 365.33 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 351.33 Td (Class B LP units) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 222.15 351.28 Td (13) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 285.95 351.33 Td (\(41,753) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 312.40 351.33 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 360.95 351.33 Td (\(41,753) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 387.40 351.33 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 454.60 351.33 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 529.60 351.33 Td () Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 75.00 337.33 Td (Fair values disclosed) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 323.33 Td (Cash) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 243.00 323.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 292.90 323.33 Td (4,252) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 318.00 323.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 367.90 323.33 Td (4,252) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 393.00 323.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 454.60 323.33 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 468.00 323.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 529.60 323.33 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 309.33 Td (Restricted cash) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 292.90 309.33 Td (1,404) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 367.90 309.33 Td (1,404) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 454.60 309.33 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 529.60 309.33 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 295.33 Td (Debt) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 222.15 295.28 Td (10) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 281.60 295.33 Td (\(604,953) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 312.40 295.33 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 379.60 295.38 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 431.60 295.33 Td (\(608,623) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 462.40 295.33 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 529.60 295.33 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F3 9.50 Tf ET q 0 0 0 rg BT 72.00 273.90 Td (23. ) Tj ET Q q 0 0 0 rg BT 85.00 273.90 Td ( ) Tj ET Q q 0 0 0 rg BT 87.16 273.90 Td ( ) Tj ET Q q 0 0 0 rg BT 89.33 273.90 Td ( ) Tj ET Q q 0 0 0 rg BT 91.50 273.90 Td ( ) Tj ET Q q 0 0 0 rg BT 93.66 273.90 Td ( ) Tj ET Q q 0 0 0 rg BT 95.83 273.90 Td ( ) Tj ET Q q 0 0 0 rg BT 98.00 273.90 Td (Risk ) Tj ET Q q 0 0 0 rg BT 116.62 273.90 Td (management) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 256.50 Td (In ) Tj ET Q q 0 0 0 rg BT 81.13 256.50 Td (the ) Tj ET Q q 0 0 0 rg BT 94.60 256.50 Td (normal ) Tj ET Q q 0 0 0 rg BT 121.05 256.50 Td (course ) Tj ET Q q 0 0 0 rg BT 147.07 256.50 Td (of ) Tj ET Q q 0 0 0 rg BT 156.20 256.50 Td (business, ) Tj ET Q q 0 0 0 rg BT 191.75 256.50 Td (the ) Tj ET Q q 0 0 0 rg BT 205.22 256.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 222.83 256.50 Td ( ) Tj ET Q q 0 0 0 rg BT 225.46 256.50 Td (is ) Tj ET Q q 0 0 0 rg BT 233.73 256.50 Td (exposed ) Tj ET Q q 0 0 0 rg BT 265.82 256.50 Td (to ) Tj ET Q q 0 0 0 rg BT 274.95 256.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 306.17 256.50 Td (risks ) Tj ET Q q 0 0 0 rg BT 324.82 256.50 Td (that ) Tj ET Q q 0 0 0 rg BT 340.45 256.50 Td (arise ) Tj ET Q q 0 0 0 rg BT 359.97 256.50 Td (from ) Tj ET Q q 0 0 0 rg BT 378.19 256.50 Td (its ) Tj ET Q q 0 0 0 rg BT 388.62 256.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 419.84 256.50 Td (instruments. ) Tj ET Q q 0 0 0 rg BT 464.91 256.50 Td (Other ) Tj ET Q q 0 0 0 rg BT 487.03 256.50 Td (than ) Tj ET Q q 0 0 0 rg BT 504.83 256.50 Td (the ) Tj ET Q q 0 0 0 rg BT 518.30 256.50 Td (use ) Tj ET Q q 0 0 0 rg BT 533.50 256.50 Td (of ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 245.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 99.86 245.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 115.59 245.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 155.14 245.10 Td (related ) Tj ET Q q 0 0 0 rg BT 181.27 245.10 Td (to ) Tj ET Q q 0 0 0 rg BT 190.08 245.10 Td (its ) Tj ET Q q 0 0 0 rg BT 200.18 245.10 Td (floating ) Tj ET Q q 0 0 0 rg BT 227.62 245.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 243.35 245.10 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 282.47 245.10 Td (payable, ) Tj ET Q q 0 0 0 rg BT 314.23 245.10 Td (the ) Tj ET Q q 0 0 0 rg BT 327.37 245.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 344.98 245.10 Td ( ) Tj ET Q q 0 0 0 rg BT 347.29 245.10 Td (does ) Tj ET Q q 0 0 0 rg BT 366.49 245.10 Td (not ) Tj ET Q q 0 0 0 rg BT 379.64 245.10 Td (use ) Tj ET Q q 0 0 0 rg BT 394.51 245.10 Td (hedging ) Tj ET Q q 0 0 0 rg BT 424.54 245.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 468.86 245.10 Td (to ) Tj ET Q q 0 0 0 rg BT 477.67 245.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 508.13 245.10 Td (risk. ) Tj ET Q q 0 0 0 rg BT 524.27 245.10 Td (As ) Tj ET Q q 0 0 0 rg BT 535.67 245.10 Td (a ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 233.70 Td (part ) Tj ET Q q 0 0 0 rg BT 88.07 233.70 Td (of ) Tj ET Q q 0 0 0 rg BT 97.21 233.70 Td (the ) Tj ET Q q 0 0 0 rg BT 110.68 233.70 Td (overall ) Tj ET Q q 0 0 0 rg BT 136.27 233.70 Td (operation ) Tj ET Q q 0 0 0 rg BT 171.40 233.70 Td (of ) Tj ET Q q 0 0 0 rg BT 180.54 233.70 Td (the ) Tj ET Q q 0 0 0 rg BT 194.01 233.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 210.89 233.70 Td (, ) Tj ET Q q 0 0 0 rg BT 215.70 233.70 Td (management ) Tj ET Q q 0 0 0 rg BT 263.81 233.70 Td (takes ) Tj ET Q q 0 0 0 rg BT 285.08 233.70 Td (steps ) Tj ET Q q 0 0 0 rg BT 306.35 233.70 Td (to ) Tj ET Q q 0 0 0 rg BT 315.49 233.70 Td (avoid ) Tj ET Q q 0 0 0 rg BT 336.75 233.70 Td (undue ) Tj ET Q q 0 0 0 rg BT 361.06 233.70 Td (concentrations ) Tj ET Q q 0 0 0 rg BT 414.37 233.70 Td (of ) Tj ET Q q 0 0 0 rg BT 423.51 233.70 Td (risks. ) Tj ET Q q 0 0 0 rg BT 444.17 233.70 Td (The ) Tj ET Q q 0 0 0 rg BT 460.24 233.70 Td (following ) Tj ET Q q 0 0 0 rg BT 493.19 233.70 Td (describes ) Tj ET Q q 0 0 0 rg BT 529.17 233.70 Td (the ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 222.30 Td (types ) Tj ET Q q 0 0 0 rg BT 92.79 222.30 Td (of ) Tj ET Q q 0 0 0 rg BT 101.46 222.30 Td (risks ) Tj ET Q q 0 0 0 rg BT 119.64 222.30 Td (that ) Tj ET Q q 0 0 0 rg BT 134.80 222.30 Td (the ) Tj ET Q q 0 0 0 rg BT 147.80 222.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 165.41 222.30 Td ( ) Tj ET Q q 0 0 0 rg BT 167.57 222.30 Td (is ) Tj ET Q q 0 0 0 rg BT 175.37 222.30 Td (exposed ) Tj ET Q q 0 0 0 rg BT 206.99 222.30 Td (to ) Tj ET Q q 0 0 0 rg BT 215.66 222.30 Td (and ) Tj ET Q q 0 0 0 rg BT 230.82 222.30 Td (its ) Tj ET Q q 0 0 0 rg BT 240.78 222.30 Td (objectives ) Tj ET Q q 0 0 0 rg BT 277.59 222.30 Td (and ) Tj ET Q q 0 0 0 rg BT 292.76 222.30 Td (policies ) Tj ET Q q 0 0 0 rg BT 320.91 222.30 Td (for ) Tj ET Q q 0 0 0 rg BT 332.16 222.30 Td (managing ) Tj ET Q q 0 0 0 rg BT 368.55 222.30 Td (those ) Tj ET Q q 0 0 0 rg BT 389.77 222.30 Td (risk ) Tj ET Q q 0 0 0 rg BT 404.06 222.30 Td (exposures:) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 204.90 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 102.75 204.90 Td (risk) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 187.50 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 102.75 187.50 Td (risk ) Tj ET Q q 0 0 0 rg BT 117.03 187.50 Td (is ) Tj ET Q q 0 0 0 rg BT 124.83 187.50 Td (the ) Tj ET Q q 0 0 0 rg BT 137.83 187.50 Td (risk ) Tj ET Q q 0 0 0 rg BT 152.11 187.50 Td (that ) Tj ET Q q 0 0 0 rg BT 167.27 187.50 Td (the ) Tj ET Q q 0 0 0 rg BT 180.27 187.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 197.88 187.50 Td ( ) Tj ET Q q 0 0 0 rg BT 200.05 187.50 Td (will ) Tj ET Q q 0 0 0 rg BT 213.03 187.50 Td (encounter ) Tj ET Q q 0 0 0 rg BT 249.84 187.50 Td (dif) Tj ET Q q 0 0 0 rg BT 257.94 187.50 Td (ficulty ) Tj ET Q q 0 0 0 rg BT 280.03 187.50 Td (in ) Tj ET Q q 0 0 0 rg BT 288.25 187.50 Td (meeting ) Tj ET Q q 0 0 0 rg BT 318.14 187.50 Td (its ) Tj ET Q q 0 0 0 rg BT 328.10 187.50 Td (debt ) Tj ET Q q 0 0 0 rg BT 345.43 187.50 Td (and ) Tj ET Q q 0 0 0 rg BT 360.59 187.50 Td (other ) Tj ET Q q 0 0 0 rg BT 380.52 187.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 411.27 187.50 Td (obligations ) Tj ET Q q 0 0 0 rg BT 450.68 187.50 Td (as ) Tj ET Q q 0 0 0 rg BT 461.08 187.50 Td (they ) Tj ET Q q 0 0 0 rg BT 477.97 187.50 Td (mature.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 170.10 Td (The ) Tj ET Q q 0 0 0 rg BT 87.62 170.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 118.82 170.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 146.99 170.10 Td (needs ) Tj ET Q q 0 0 0 rg BT 170.41 170.10 Td (of ) Tj ET Q q 0 0 0 rg BT 179.10 170.10 Td (the ) Tj ET Q q 0 0 0 rg BT 192.13 170.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 209.74 170.10 Td ( ) Tj ET Q q 0 0 0 rg BT 211.93 170.10 Td (arise ) Tj ET Q q 0 0 0 rg BT 231.00 170.10 Td (from ) Tj ET Q q 0 0 0 rg BT 248.78 170.10 Td (working ) Tj ET Q q 0 0 0 rg BT 277.81 170.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 302.52 170.10 Td (requirements; ) Tj ET Q q 0 0 0 rg BT 352.35 170.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 369.70 170.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 402.64 170.10 Td (and ) Tj ET Q q 0 0 0 rg BT 417.83 170.10 Td (repayment ) Tj ET Q q 0 0 0 rg BT 456.83 170.10 Td (obligations; ) Tj ET Q q 0 0 0 rg BT 498.43 170.10 Td (distributions ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 158.70 Td (to ) Tj ET Q q 0 0 0 rg BT 81.33 158.70 Td (unitholders; ) Tj ET Q q 0 0 0 rg BT 124.43 158.70 Td (obligations ) Tj ET Q q 0 0 0 rg BT 164.51 158.70 Td (to ) Tj ET Q q 0 0 0 rg BT 173.83 158.70 Td (redeem ) Tj ET Q q 0 0 0 rg BT 203.07 158.70 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 246.19 158.70 Td (puttable ) Tj ET Q q 0 0 0 rg BT 276.74 158.70 Td (trust ) Tj ET Q q 0 0 0 rg BT 294.72 158.70 Td (units ) Tj ET Q q 0 0 0 rg BT 314.01 158.70 Td (at ) Tj ET Q q 0 0 0 rg BT 323.33 158.70 Td (the ) Tj ET Q q 0 0 0 rg BT 336.99 158.70 Td (option ) Tj ET Q q 0 0 0 rg BT 361.04 158.70 Td (of ) Tj ET Q q 0 0 0 rg BT 370.37 158.70 Td (the ) Tj ET Q q 0 0 0 rg BT 384.03 158.70 Td (unitholders; ) Tj ET Q q 0 0 0 rg BT 427.13 158.70 Td (planned ) Tj ET Q q 0 0 0 rg BT 457.69 158.70 Td (funding ) Tj ET Q q 0 0 0 rg BT 486.07 158.70 Td (of ) Tj ET Q q 0 0 0 rg BT 495.40 158.70 Td (maintenance ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 147.30 Td (capital ) Tj ET Q q 0 0 0 rg BT 96.69 147.30 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 143.47 147.30 Td (and ) Tj ET Q q 0 0 0 rg BT 158.63 147.30 Td (leasing ) Tj ET Q q 0 0 0 rg BT 185.48 147.30 Td (costs; ) Tj ET Q q 0 0 0 rg BT 208.00 147.30 Td (and ) Tj ET Q q 0 0 0 rg BT 223.17 147.30 Td (future ) Tj ET Q q 0 0 0 rg BT 245.26 147.30 Td (investment ) Tj ET Q q 0 0 0 rg BT 285.10 147.30 Td (property ) Tj ET Q q 0 0 0 rg BT 315.85 147.30 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 354.83 147.30 Td (funding ) Tj ET Q q 0 0 0 rg BT 382.55 147.30 Td (requirements.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 129.90 Td (The ) Tj ET Q q 0 0 0 rg BT 88.22 129.90 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 117.01 129.90 Td (needs ) Tj ET Q q 0 0 0 rg BT 141.03 129.90 Td (of ) Tj ET Q q 0 0 0 rg BT 150.33 129.90 Td (the ) Tj ET Q q 0 0 0 rg BT 163.97 129.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 181.57 129.90 Td ( ) Tj ET Q q 0 0 0 rg BT 184.37 129.90 Td (are ) Tj ET Q q 0 0 0 rg BT 198.43 129.90 Td (funded ) Tj ET Q q 0 0 0 rg BT 225.06 129.90 Td (by ) Tj ET Q q 0 0 0 rg BT 236.09 129.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 255.35 129.90 Td (flows ) Tj ET Q q 0 0 0 rg BT 275.90 129.90 Td (from ) Tj ET Q q 0 0 0 rg BT 294.28 129.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 329.57 129.90 Td (the ) Tj ET Q q 0 0 0 rg BT 343.20 129.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 362.54 129.90 Td (s ) Tj ET Q q 0 0 0 rg BT 369.23 129.90 Td (investment ) Tj ET Q q 0 0 0 rg BT 409.71 129.90 Td (property ) Tj ET Q q 0 0 0 rg BT 441.09 129.90 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 471.61 129.90 Td (and ) Tj ET Q q 0 0 0 rg BT 487.41 129.90 Td (available ) Tj ET Q q 0 0 0 rg BT 520.96 129.90 Td (credit ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 118.50 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 103.44 118.50 Td (with ) Tj ET Q q 0 0 0 rg BT 118.85 118.50 Td (the ) Tj ET Q q 0 0 0 rg BT 131.24 118.50 Td (exception ) Tj ET Q q 0 0 0 rg BT 166.15 118.50 Td (of ) Tj ET Q q 0 0 0 rg BT 174.21 118.50 Td (debt ) Tj ET Q q 0 0 0 rg BT 190.93 118.50 Td (repayment ) Tj ET Q q 0 0 0 rg BT 229.30 118.50 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 270.28 118.50 Td (investment ) Tj ET Q q 0 0 0 rg BT 309.51 118.50 Td (property ) Tj ET Q q 0 0 0 rg BT 339.65 118.50 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 378.02 118.50 Td (funding ) Tj ET Q q 0 0 0 rg BT 405.14 118.50 Td (requirements ) Tj ET Q q 0 0 0 rg BT 452.16 118.50 Td (and ) Tj ET Q q 0 0 0 rg BT 466.72 118.50 Td (obligations ) Tj ET Q q 0 0 0 rg BT 505.53 118.50 Td (to ) Tj ET Q q 0 0 0 rg BT 513.59 118.50 Td (redeem ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 107.10 Td (puttable ) Tj ET Q q 0 0 0 rg BT 102.10 107.10 Td (trust ) Tj ET Q q 0 0 0 rg BT 119.63 107.10 Td (units. ) Tj ET Q q 0 0 0 rg BT 140.49 107.10 Td (These ) Tj ET Q q 0 0 0 rg BT 164.52 107.10 Td (are ) Tj ET Q q 0 0 0 rg BT 178.15 107.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 204.35 107.10 Td (by ) Tj ET Q q 0 0 0 rg BT 214.96 107.10 Td (refinancing ) Tj ET Q q 0 0 0 rg BT 255.45 107.10 Td (the ) Tj ET Q q 0 0 0 rg BT 268.66 107.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 287.99 107.10 Td (s ) Tj ET Q q 0 0 0 rg BT 294.27 107.10 Td (maturing ) Tj ET Q q 0 0 0 rg BT 326.95 107.10 Td (debt, ) Tj ET Q q 0 0 0 rg BT 346.66 107.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 380.22 107.10 Td (unencumbered ) Tj ET Q q 0 0 0 rg BT 434.57 107.10 Td (properties, ) Tj ET Q q 0 0 0 rg BT 473.76 107.10 Td (or ) Tj ET Q q 0 0 0 rg BT 483.06 107.10 Td (future ) Tj ET Q q 0 0 0 rg BT 505.36 107.10 Td (issuances ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 95.70 Td (of ) Tj ET Q q 0 0 0 rg BT 80.39 95.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 98.00 95.70 Td ( ) Tj ET Q q 0 0 0 rg BT 99.88 95.70 Td (units ) Tj ET Q q 0 0 0 rg BT 118.23 95.70 Td (and ) Tj ET Q q 0 0 0 rg BT 133.11 95.70 Td (debentures. ) Tj ET Q q 0 0 0 rg BT 176.03 95.70 Td (The ) Tj ET Q q 0 0 0 rg BT 191.34 95.70 Td (particular ) Tj ET Q q 0 0 0 rg BT 225.27 95.70 Td (features ) Tj ET Q q 0 0 0 rg BT 255.31 95.70 Td (and ) Tj ET Q q 0 0 0 rg BT 270.20 95.70 Td (quality ) Tj ET Q q 0 0 0 rg BT 294.61 95.70 Td (of ) Tj ET Q q 0 0 0 rg BT 302.99 95.70 Td (the ) Tj ET Q q 0 0 0 rg BT 315.71 95.70 Td (underlying ) Tj ET Q q 0 0 0 rg BT 353.54 95.70 Td (assets ) Tj ET Q q 0 0 0 rg BT 377.95 95.70 Td (being ) Tj ET Q q 0 0 0 rg BT 398.90 95.70 Td (financed ) Tj ET Q q 0 0 0 rg BT 430.24 95.70 Td (and ) Tj ET Q q 0 0 0 rg BT 445.13 95.70 Td (the ) Tj ET Q q 0 0 0 rg BT 457.85 95.70 Td (debt ) Tj ET Q q 0 0 0 rg BT 474.90 95.70 Td (market ) Tj ET Q q 0 0 0 rg BT 500.60 95.70 Td (parameters ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 84.30 Td (existing ) Tj ET Q q 0 0 0 rg BT 100.58 84.30 Td (at ) Tj ET Q q 0 0 0 rg BT 109.25 84.30 Td (the ) Tj ET Q q 0 0 0 rg BT 122.25 84.30 Td (time ) Tj ET Q q 0 0 0 rg BT 139.13 84.30 Td (will ) Tj ET Q q 0 0 0 rg BT 152.11 84.30 Td (af) Tj ET Q q 0 0 0 rg BT 158.48 84.30 Td (fect ) Tj ET Q q 0 0 0 rg BT 173.21 84.30 Td (the ) Tj ET Q q 0 0 0 rg BT 186.20 84.30 Td (success ) Tj ET Q q 0 0 0 rg BT 216.52 84.30 Td (of ) Tj ET Q q 0 0 0 rg BT 225.18 84.30 Td (this ) Tj ET Q q 0 0 0 rg BT 239.48 84.30 Td (strategy) Tj ET Q q 0 0 0 rg BT 266.62 84.30 Td (.) Tj ET Q endstream endobj 47 0 obj <> endobj 48 0 obj <> stream BT /F3 14.00 Tf ET q 0 0 0 rg BT 49.50 769.35 Td ( ) Tj ET Q q 0 0 0 rg BT 67.50 769.35 Td ( SLA) Tj ET Q q 0 0 0 rg BT 92.81 769.35 Td (TE OFFICE REIT) Tj ET Q BT /F3 14.00 Tf ET q 0 0 0 rg BT 72.00 752.55 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 121.55 752.55 Td (O THE CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 304.38 752.55 Td (TED INTERIM FINANCIAL) Tj ET Q q 0 0 0 rg BT 442.55 752.55 Td ( ST) Tj ET Q q 0 0 0 rg BT 459.57 752.55 Td (A) Tj ET Q q 0 0 0 rg BT 467.01 752.55 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 740.55 Td (\(all tabular amounts are expressed in thousands of Canadian dollars, unless otherwise noted\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 728.55 Td (\(unaudited\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 301.25 42.95 Td (Page 22) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 695.10 Td (There ) Tj ET Q q 0 0 0 rg BT 94.25 695.10 Td (is ) Tj ET Q q 0 0 0 rg BT 101.79 695.10 Td (a ) Tj ET Q q 0 0 0 rg BT 108.02 695.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 122.04 695.10 Td (that ) Tj ET Q q 0 0 0 rg BT 136.95 695.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 164.40 695.10 Td (will ) Tj ET Q q 0 0 0 rg BT 177.12 695.10 Td (not ) Tj ET Q q 0 0 0 rg BT 189.85 695.10 Td (refinance ) Tj ET Q q 0 0 0 rg BT 223.81 695.10 Td (maturing ) Tj ET Q q 0 0 0 rg BT 256.02 695.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 273.09 695.10 Td (on ) Tj ET Q q 0 0 0 rg BT 283.66 695.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 305.04 695.10 Td (and ) Tj ET Q q 0 0 0 rg BT 319.94 695.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 356.93 695.10 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 396.52 695.10 Td (to ) Tj ET Q q 0 0 0 rg BT 404.92 695.10 Td (the ) Tj ET Q q 0 0 0 rg BT 417.66 695.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 435.27 695.10 Td ( ) Tj ET Q q 0 0 0 rg BT 437.17 695.10 Td (or ) Tj ET Q q 0 0 0 rg BT 446.00 695.10 Td (on ) Tj ET Q q 0 0 0 rg BT 456.57 695.10 Td (any ) Tj ET Q q 0 0 0 rg BT 471.04 695.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 492.42 695.10 Td (at ) Tj ET Q q 0 0 0 rg BT 500.82 695.10 Td (all. ) Tj ET Q q 0 0 0 rg BT 512.57 695.10 Td (The ) Tj ET Q q 0 0 0 rg BT 527.90 695.10 Td (risk ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 683.70 Td (associated ) Tj ET Q q 0 0 0 rg BT 111.35 683.70 Td (with ) Tj ET Q q 0 0 0 rg BT 127.29 683.70 Td (the ) Tj ET Q q 0 0 0 rg BT 140.22 683.70 Td (refinancing ) Tj ET Q q 0 0 0 rg BT 180.43 683.70 Td (of ) Tj ET Q q 0 0 0 rg BT 189.03 683.70 Td (maturing ) Tj ET Q q 0 0 0 rg BT 221.43 683.70 Td (debt ) Tj ET Q q 0 0 0 rg BT 238.69 683.70 Td (is ) Tj ET Q q 0 0 0 rg BT 246.42 683.70 Td (mitigated ) Tj ET Q q 0 0 0 rg BT 280.13 683.70 Td (by ) Tj ET Q q 0 0 0 rg BT 290.45 683.70 Td (matching ) Tj ET Q q 0 0 0 rg BT 324.16 683.70 Td (debt ) Tj ET Q q 0 0 0 rg BT 341.42 683.70 Td (maturities ) Tj ET Q q 0 0 0 rg BT 377.29 683.70 Td (with ) Tj ET Q q 0 0 0 rg BT 393.24 683.70 Td (lease ) Tj ET Q q 0 0 0 rg BT 413.96 683.70 Td (renewals ) Tj ET Q q 0 0 0 rg BT 447.23 683.70 Td (to ) Tj ET Q q 0 0 0 rg BT 455.83 683.70 Td (optimize ) Tj ET Q q 0 0 0 rg BT 486.93 683.70 Td (the ) Tj ET Q q 0 0 0 rg BT 499.86 683.70 Td (value ) Tj ET Q q 0 0 0 rg BT 520.58 683.70 Td (of ) Tj ET Q q 0 0 0 rg BT 529.18 683.70 Td (the ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 672.30 Td (assets ) Tj ET Q q 0 0 0 rg BT 96.97 672.30 Td (with ) Tj ET Q q 0 0 0 rg BT 113.26 672.30 Td (the ) Tj ET Q q 0 0 0 rg BT 126.54 672.30 Td (leverage ) Tj ET Q q 0 0 0 rg BT 158.87 672.30 Td (to ) Tj ET Q q 0 0 0 rg BT 167.81 672.30 Td (achieve ) Tj ET Q q 0 0 0 rg BT 197.11 672.30 Td (the ) Tj ET Q q 0 0 0 rg BT 210.39 672.30 Td (best ) Tj ET Q q 0 0 0 rg BT 227.57 672.30 Td (value ) Tj ET Q q 0 0 0 rg BT 248.64 672.30 Td (for ) Tj ET Q q 0 0 0 rg BT 260.17 672.30 Td (pricing. ) Tj ET Q q 0 0 0 rg BT 287.73 672.30 Td (In ) Tj ET Q q 0 0 0 rg BT 296.68 672.30 Td (addition, ) Tj ET Q q 0 0 0 rg BT 328.58 672.30 Td (the ) Tj ET Q q 0 0 0 rg BT 341.86 672.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 359.47 672.30 Td ( ) Tj ET Q q 0 0 0 rg BT 361.91 672.30 Td (staggers ) Tj ET Q q 0 0 0 rg BT 394.24 672.30 Td (the ) Tj ET Q q 0 0 0 rg BT 407.52 672.30 Td (maturity ) Tj ET Q q 0 0 0 rg BT 437.67 672.30 Td (dates ) Tj ET Q q 0 0 0 rg BT 459.18 672.30 Td (of ) Tj ET Q q 0 0 0 rg BT 468.12 672.30 Td (the ) Tj ET Q q 0 0 0 rg BT 481.40 672.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 500.74 672.30 Td (s ) Tj ET Q q 0 0 0 rg BT 507.08 672.30 Td (mortgage ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 660.90 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 101.88 660.90 Td (over ) Tj ET Q q 0 0 0 rg BT 119.21 660.90 Td (a ) Tj ET Q q 0 0 0 rg BT 125.70 660.90 Td (number ) Tj ET Q q 0 0 0 rg BT 154.28 660.90 Td (of ) Tj ET Q q 0 0 0 rg BT 162.95 660.90 Td (years. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 643.50 Td (The ) Tj ET Q q 0 0 0 rg BT 87.59 643.50 Td (following ) Tj ET Q q 0 0 0 rg BT 120.07 643.50 Td (table ) Tj ET Q q 0 0 0 rg BT 139.13 643.50 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 183.29 643.50 Td (the ) Tj ET Q q 0 0 0 rg BT 196.28 643.50 Td (estimated ) Tj ET Q q 0 0 0 rg BT 232.23 643.50 Td (contractual ) Tj ET Q q 0 0 0 rg BT 272.51 643.50 Td (maturities ) Tj ET Q q 0 0 0 rg BT 308.45 643.50 Td (of ) Tj ET Q q 0 0 0 rg BT 317.11 643.50 Td (the ) Tj ET Q q 0 0 0 rg BT 330.11 643.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 349.45 643.50 Td (s ) Tj ET Q q 0 0 0 rg BT 355.51 643.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 386.26 643.50 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 417.87 643.50 Td (as ) Tj ET Q q 0 0 0 rg BT 428.27 643.50 Td (at ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 436.93 643.50 Td (June30, ) Tj ET Q q 0 0 0 rg BT 468.99 643.50 Td (2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 486.32 643.50 Td (:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 633 m 222.5 633 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 600 m 222.5 600 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222.5 633 m 286.5 633 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 222.5 600 m 286.5 600 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 633 m 350.5 633 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 286.5 600 m 350.5 600 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 633 m 414.5 633 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 350.5 600 m 414.5 600 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 633 m 478.5 633 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 414.5 600 m 478.5 600 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 633 m 542.5 633 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 478.5 600 m 542.5 600 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 222.5 600 m 286.5 600 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 286.5 600 m 350.5 600 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 350.5 600 m 414.5 600 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 414.5 600 m 478.5 600 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 478.5 600 m 542.5 600 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 516 m 222.5 516 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 502 m 222.5 502 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 222.5 516 m 286.5 516 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222.5 502 m 286.5 502 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 286.5 516 m 350.5 516 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 502 m 350.5 502 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 350.5 516 m 414.5 516 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 502 m 414.5 502 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 414.5 516 m 478.5 516 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 502 m 478.5 502 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 478.5 516 m 542.5 516 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 502 m 542.5 502 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 264.95 623.53 Td (Total) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 241.00 614.03 Td (contractual) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 247.45 604.53 Td (cash flow) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 297.20 614.03 Td (Remainder of) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 329.65 604.53 Td (2017) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 373.70 604.53 Td (2018-2019) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 437.70 604.53 Td (2020-2021) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 500.90 604.53 Td (Thereafter) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 590.53 Td (Accounts payable and accrued liabilities) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 225.00 590.53 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 259.55 590.58 Td (31,461) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 289.00 590.53 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 323.55 590.58 Td (31,461) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 353.00 590.53 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 403.60 590.53 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 417.00 590.53 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 467.60 590.53 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 481.00 590.53 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 531.60 590.53 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 576.53 Td (Amortizing principal repayments on debt) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 259.55 576.58 Td (56,810) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 327.90 576.53 Td (4,648) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 387.55 576.53 Td (15,681) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 451.55 576.53 Td (12,424) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 515.55 576.53 Td (24,057) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 562.53 Td (Principal repayments on maturity of debt) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 255.20 562.53 Td (696,507) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 323.55 562.58 Td (16,500) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 383.20 562.53 Td (388,800) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 447.20 562.53 Td (240,947) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 515.55 562.53 Td (50,260) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 548.53 Td (Interest on debt ) Tj ET Q BT /F2 9.50 Tf ET BT /F2 6.17 Tf ET q 0 0 0 rg BT 131.32 550.96 Td (\(1\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 259.55 548.58 Td (71,132) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 323.55 548.58 Td (11,941) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 387.55 548.53 Td (32,168) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 451.55 548.53 Td (17,652) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 519.90 548.53 Td (9,371) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 534.53 Td (Interest rate swaps ) Tj ET Q BT /F2 9.50 Tf ET BT /F2 6.17 Tf ET q 0 0 0 rg BT 142.99 536.96 Td (\(2\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 263.85 534.53 Td (3,967) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 334.40 534.53 Td (697) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 391.90 534.53 Td (1,332) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 455.90 534.53 Td (1,233) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 526.40 534.53 Td (705) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 520.53 Td (Other liabilities) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 263.85 520.53 Td (7,206) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 327.90 520.53 Td (2,870) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 391.90 520.53 Td (1,089) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 462.40 520.53 Td (899) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 519.90 520.53 Td (2,348) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 225.00 506.53 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 255.20 506.53 Td (867,083) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 289.00 506.53 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 323.55 506.58 Td (68,117) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 353.00 506.53 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 383.20 506.53 Td (439,070) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 417.00 506.53 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 447.20 506.53 Td (273,155) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 481.00 506.53 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 515.55 506.53 Td (86,741) Tj ET Q BT /F1 10.00 Tf ET BT /F2 7.50 Tf ET q 0 0 0 rg BT 72.00 493.50 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 81.23 493.50 Td (Interest ) Tj ET Q q 0 0 0 rg BT 103.45 493.50 Td (amounts ) Tj ET Q q 0 0 0 rg BT 128.75 493.50 Td (on ) Tj ET Q q 0 0 0 rg BT 137.31 493.50 Td (floating ) Tj ET Q q 0 0 0 rg BT 158.85 493.50 Td (debt ) Tj ET Q q 0 0 0 rg BT 172.53 493.50 Td (have ) Tj ET Q q 0 0 0 rg BT 187.58 493.50 Td (been ) Tj ET Q q 0 0 0 rg BT 202.97 493.50 Td (determined ) Tj ET Q q 0 0 0 rg BT 235.45 493.50 Td (using ) Tj ET Q q 0 0 0 rg BT 251.87 493.50 Td (floating ) Tj ET Q q 0 0 0 rg BT 273.41 493.50 Td (rates ) Tj ET Q q 0 0 0 rg BT 288.80 493.50 Td (at ) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 295.64 493.50 Td (June30, ) Tj ET Q q 0 0 0 rg BT 320.95 493.50 Td (2017) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 334.63 493.50 Td (. ) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 72.00 484.50 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 81.23 484.50 Td (Interest ) Tj ET Q q 0 0 0 rg BT 103.45 484.50 Td (rate ) Tj ET Q q 0 0 0 rg BT 115.76 484.50 Td (swap ) Tj ET Q q 0 0 0 rg BT 131.83 484.50 Td (obligations ) Tj ET Q q 0 0 0 rg BT 162.95 484.50 Td (have ) Tj ET Q q 0 0 0 rg BT 177.99 484.50 Td (been ) Tj ET Q q 0 0 0 rg BT 193.39 484.50 Td (calculated ) Tj ET Q q 0 0 0 rg BT 222.79 484.50 Td (as ) Tj ET Q q 0 0 0 rg BT 231.00 484.50 Td (the ) Tj ET Q q 0 0 0 rg BT 241.26 484.50 Td (dif) Tj ET Q q 0 0 0 rg BT 247.65 484.50 Td (ference ) Tj ET Q q 0 0 0 rg BT 269.88 484.50 Td (between ) Tj ET Q q 0 0 0 rg BT 294.84 484.50 Td (the ) Tj ET Q q 0 0 0 rg BT 305.10 484.50 Td (pay-fixed ) Tj ET Q q 0 0 0 rg BT 331.77 484.50 Td (rate ) Tj ET Q q 0 0 0 rg BT 344.08 484.50 Td (and ) Tj ET Q q 0 0 0 rg BT 356.05 484.50 Td (receive-float ) Tj ET Q q 0 0 0 rg BT 391.26 484.50 Td (rate ) Tj ET Q q 0 0 0 rg BT 403.57 484.50 Td (based ) Tj ET Q q 0 0 0 rg BT 422.04 484.50 Td (on ) Tj ET Q q 0 0 0 rg BT 430.59 484.50 Td (the ) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 440.85 484.50 Td (June30, ) Tj ET Q q 0 0 0 rg BT 466.16 484.50 Td (2017) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 479.85 484.50 Td ( ) Tj ET Q q 0 0 0 rg BT 481.56 484.50 Td (floating ) Tj ET Q q 0 0 0 rg BT 503.10 484.50 Td (rate. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 467.10 Td (In ) Tj ET Q q 0 0 0 rg BT 80.59 467.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 120.36 467.10 Td (with ) Tj ET Q q 0 0 0 rg BT 136.31 467.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.23 467.10 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 174.45 467.10 Td (redevelopment ) Tj ET Q q 0 0 0 rg BT 228.08 467.10 Td (of ) Tj ET Q q 0 0 0 rg BT 236.67 467.10 Td (2251 ) Tj ET Q q 0 0 0 rg BT 256.09 467.10 Td (and ) Tj ET Q q 0 0 0 rg BT 271.18 467.10 Td (2285 ) Tj ET Q q 0 0 0 rg BT 290.60 467.10 Td (Speakman ) Tj ET Q q 0 0 0 rg BT 329.93 467.10 Td (Drive ) Tj ET Q q 0 0 0 rg BT 350.20 467.10 Td (as ) Tj ET Q q 0 0 0 rg BT 360.52 467.10 Td (per ) Tj ET Q q 0 0 0 rg BT 373.86 467.10 Td (the ) Tj ET Q q 0 0 0 rg BT 386.79 467.10 Td (SNC-Lavalin ) Tj ET Q q 0 0 0 rg BT 432.60 467.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 453.31 467.10 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 494.81 467.10 Td (the ) Tj ET Q q 0 0 0 rg BT 507.74 467.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 525.34 467.10 Td ( ) Tj ET Q q 0 0 0 rg BT 527.43 467.10 Td (has ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 455.70 Td (committed ) Tj ET Q q 0 0 0 rg BT 110.69 455.70 Td (to ) Tj ET Q q 0 0 0 rg BT 119.93 455.70 Td (undertake ) Tj ET Q q 0 0 0 rg BT 157.33 455.70 Td (certain ) Tj ET Q q 0 0 0 rg BT 183.47 455.70 Td (improvements, ) Tj ET Q q 0 0 0 rg BT 237.31 455.70 Td (which ) Tj ET Q q 0 0 0 rg BT 259.97 455.70 Td (are ) Tj ET Q q 0 0 0 rg BT 273.98 455.70 Td (estimated ) Tj ET Q q 0 0 0 rg BT 310.50 455.70 Td (to ) Tj ET Q q 0 0 0 rg BT 319.75 455.70 Td (be ) Tj ET Q q 0 0 0 rg BT 331.17 455.70 Td (in ) Tj ET Q q 0 0 0 rg BT 339.98 455.70 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 377.81 455.70 Td (approximately ) Tj ET Q q 0 0 0 rg BT 429.06 455.70 Td ($40.0 ) Tj ET Q q 0 0 0 rg BT 451.30 455.70 Td (million. ) Tj ET Q q 0 0 0 rg BT 477.75 455.70 Td (At ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 487.87 455.70 Td (June30, ) Tj ET Q q 0 0 0 rg BT 520.51 455.70 Td (2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 537.84 455.70 Td (, ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 444.30 Td ($26.9 ) Tj ET Q q 0 0 0 rg BT 93.64 444.30 Td (million) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 115.72 444.30 Td ( ) Tj ET Q q 0 0 0 rg BT 117.86 444.30 Td (has ) Tj ET Q q 0 0 0 rg BT 132.57 444.30 Td (been ) Tj ET Q q 0 0 0 rg BT 152.04 444.30 Td (spent ) Tj ET Q q 0 0 0 rg BT 173.25 444.30 Td (on ) Tj ET Q q 0 0 0 rg BT 184.06 444.30 Td (the ) Tj ET Q q 0 0 0 rg BT 197.03 444.30 Td (total ) Tj ET Q q 0 0 0 rg BT 213.91 444.30 Td (project ) Tj ET Q q 0 0 0 rg BT 239.44 444.30 Td (\(December ) Tj ET Q q 0 0 0 rg BT 280.10 444.30 Td (31, ) Tj ET Q q 0 0 0 rg BT 293.08 444.30 Td (2016 ) Tj ET Q q 0 0 0 rg BT 312.56 444.30 Td (- ) Tj ET Q q 0 0 0 rg BT 317.29 444.30 Td ($17.5 ) Tj ET Q q 0 0 0 rg BT 338.93 444.30 Td (million\). ) Tj ET Q q 0 0 0 rg BT 367.78 444.30 Td (This ) Tj ET Q q 0 0 0 rg BT 384.65 444.30 Td (redevelopment ) Tj ET Q q 0 0 0 rg BT 438.33 444.30 Td (project ) Tj ET Q q 0 0 0 rg BT 463.85 444.30 Td (will ) Tj ET Q q 0 0 0 rg BT 476.81 444.30 Td (be ) Tj ET Q q 0 0 0 rg BT 487.62 444.30 Td (funded ) Tj ET Q q 0 0 0 rg BT 513.60 444.30 Td (through ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 432.90 Td (working ) Tj ET Q q 0 0 0 rg BT 101.01 432.90 Td (capital ) Tj ET Q q 0 0 0 rg BT 125.69 432.90 Td (and ) Tj ET Q q 0 0 0 rg BT 140.86 432.90 Td (draws ) Tj ET Q q 0 0 0 rg BT 163.80 432.90 Td (from ) Tj ET Q q 0 0 0 rg BT 181.55 432.90 Td (the ) Tj ET Q q 0 0 0 rg BT 194.55 432.90 Td (revolving ) Tj ET Q q 0 0 0 rg BT 227.89 432.90 Td (credit ) Tj ET Q q 0 0 0 rg BT 249.11 432.90 Td (and ) Tj ET Q q 0 0 0 rg BT 264.27 432.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 298.93 432.90 Td (facilities ) Tj ET Q q 0 0 0 rg BT 328.81 432.90 Td (as ) Tj ET Q q 0 0 0 rg BT 339.20 432.90 Td (well ) Tj ET Q q 0 0 0 rg BT 354.78 432.90 Td (as ) Tj ET Q q 0 0 0 rg BT 365.18 432.90 Td (the ) Tj ET Q q 0 0 0 rg BT 378.18 432.90 Td (construction ) Tj ET Q q 0 0 0 rg BT 422.35 432.90 Td (facility) Tj ET Q q 0 0 0 rg BT 443.43 432.90 Td (.) Tj ET Q BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 415.50 Td (Interest ) Tj ET Q q 0 0 0 rg BT 100.15 415.50 Td (rate ) Tj ET Q q 0 0 0 rg BT 115.74 415.50 Td (risk) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 398.10 Td (Interest ) Tj ET Q q 0 0 0 rg BT 99.92 398.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 115.29 398.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 129.34 398.10 Td (is ) Tj ET Q q 0 0 0 rg BT 136.91 398.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.68 398.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 163.73 398.10 Td (that ) Tj ET Q q 0 0 0 rg BT 178.67 398.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 210.06 398.10 Td (in ) Tj ET Q q 0 0 0 rg BT 218.06 398.10 Td (market ) Tj ET Q q 0 0 0 rg BT 243.81 398.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 271.30 398.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 290.56 398.10 Td (may ) Tj ET Q q 0 0 0 rg BT 307.22 398.10 Td (have ) Tj ET Q q 0 0 0 rg BT 326.05 398.10 Td (an ) Tj ET Q q 0 0 0 rg BT 336.65 398.10 Td (ef) Tj ET Q q 0 0 0 rg BT 343.02 398.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 357.52 398.10 Td (on ) Tj ET Q q 0 0 0 rg BT 368.12 398.10 Td (the ) Tj ET Q q 0 0 0 rg BT 380.89 398.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 399.28 398.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 418.97 398.10 Td (or ) Tj ET Q q 0 0 0 rg BT 427.83 398.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 440.59 398.10 Td (values ) Tj ET Q q 0 0 0 rg BT 465.05 398.10 Td (of ) Tj ET Q q 0 0 0 rg BT 473.49 398.10 Td (the ) Tj ET Q q 0 0 0 rg BT 486.26 398.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 505.60 398.10 Td (s ) Tj ET Q q 0 0 0 rg BT 511.43 398.10 Td (financial ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 386.70 Td (instruments.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 369.30 Td (Interest ) Tj ET Q q 0 0 0 rg BT 100.62 369.30 Td (rate ) Tj ET Q q 0 0 0 rg BT 116.68 369.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 135.78 369.30 Td (flow ) Tj ET Q q 0 0 0 rg BT 152.27 369.30 Td (risk ) Tj ET Q q 0 0 0 rg BT 167.02 369.30 Td (is ) Tj ET Q q 0 0 0 rg BT 175.28 369.30 Td (minimized ) Tj ET Q q 0 0 0 rg BT 212.98 369.30 Td (by ) Tj ET Q q 0 0 0 rg BT 223.85 369.30 Td (the ) Tj ET Q q 0 0 0 rg BT 237.32 369.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 254.93 369.30 Td ( ) Tj ET Q q 0 0 0 rg BT 257.56 369.30 Td (by ) Tj ET Q q 0 0 0 rg BT 268.43 369.30 Td (having ) Tj ET Q q 0 0 0 rg BT 294.02 369.30 Td (a ) Tj ET Q q 0 0 0 rg BT 300.99 369.30 Td (portion ) Tj ET Q q 0 0 0 rg BT 327.45 369.30 Td (of ) Tj ET Q q 0 0 0 rg BT 336.58 369.30 Td (its ) Tj ET Q q 0 0 0 rg BT 347.01 369.30 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 386.46 369.30 Td (on ) Tj ET Q q 0 0 0 rg BT 397.76 369.30 Td (fixed ) Tj ET Q q 0 0 0 rg BT 416.85 369.30 Td (term ) Tj ET Q q 0 0 0 rg BT 435.07 369.30 Td (arrangements. ) Tj ET Q q 0 0 0 rg BT 487.94 369.30 Td (In ) Tj ET Q q 0 0 0 rg BT 497.07 369.30 Td (addition, ) Tj ET Q q 0 0 0 rg BT 529.17 369.30 Td (the ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 357.90 Td (maturity ) Tj ET Q q 0 0 0 rg BT 101.48 357.90 Td (dates ) Tj ET Q q 0 0 0 rg BT 122.32 357.90 Td (of ) Tj ET Q q 0 0 0 rg BT 130.59 357.90 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 169.17 357.90 Td (are ) Tj ET Q q 0 0 0 rg BT 182.20 357.90 Td (staggered ) Tj ET Q q 0 0 0 rg BT 218.63 357.90 Td (over ) Tj ET Q q 0 0 0 rg BT 235.56 357.90 Td (a ) Tj ET Q q 0 0 0 rg BT 241.66 357.90 Td (number ) Tj ET Q q 0 0 0 rg BT 269.85 357.90 Td (of ) Tj ET Q q 0 0 0 rg BT 278.12 357.90 Td (years ) Tj ET Q q 0 0 0 rg BT 298.95 357.90 Td (to ) Tj ET Q q 0 0 0 rg BT 307.22 357.90 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 336.28 357.90 Td (the ) Tj ET Q q 0 0 0 rg BT 348.88 357.90 Td (exposure ) Tj ET Q q 0 0 0 rg BT 382.71 357.90 Td (in ) Tj ET Q q 0 0 0 rg BT 390.54 357.90 Td (any ) Tj ET Q q 0 0 0 rg BT 404.88 357.90 Td (one ) Tj ET Q q 0 0 0 rg BT 419.65 357.90 Td (year) Tj ET Q q 0 0 0 rg BT 434.38 357.90 Td (. ) Tj ET Q q 0 0 0 rg BT 438.21 357.90 Td (The ) Tj ET Q q 0 0 0 rg BT 453.41 357.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 471.02 357.90 Td ( ) Tj ET Q q 0 0 0 rg BT 472.79 357.90 Td (also ) Tj ET Q q 0 0 0 rg BT 488.85 357.90 Td (utilizes ) Tj ET Q q 0 0 0 rg BT 514.44 357.90 Td (interest ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 346.50 Td (rate ) Tj ET Q q 0 0 0 rg BT 87.59 346.50 Td (swaps ) Tj ET Q q 0 0 0 rg BT 111.84 346.50 Td (to ) Tj ET Q q 0 0 0 rg BT 120.50 346.50 Td (fix ) Tj ET Q q 0 0 0 rg BT 130.46 346.50 Td (interest ) Tj ET Q q 0 0 0 rg BT 158.18 346.50 Td (rates ) Tj ET Q q 0 0 0 rg BT 177.67 346.50 Td (on ) Tj ET Q q 0 0 0 rg BT 188.50 346.50 Td (a ) Tj ET Q q 0 0 0 rg BT 195.00 346.50 Td (portion ) Tj ET Q q 0 0 0 rg BT 220.99 346.50 Td (of ) Tj ET Q q 0 0 0 rg BT 229.65 346.50 Td (its ) Tj ET Q q 0 0 0 rg BT 239.61 346.50 Td (floating ) Tj ET Q q 0 0 0 rg BT 266.90 346.50 Td (rate ) Tj ET Q q 0 0 0 rg BT 282.49 346.50 Td (mortgages. ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 329.10 Td (As ) Tj ET Q q 0 0 0 rg BT 83.77 329.10 Td (at ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 92.95 329.10 Td (June30, ) Tj ET Q q 0 0 0 rg BT 125.52 329.10 Td (2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 142.85 329.10 Td (, ) Tj ET Q q 0 0 0 rg BT 147.69 329.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 183.29 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.80 329.10 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 236.29 329.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 276.21 329.10 Td (with ) Tj ET Q q 0 0 0 rg BT 292.75 329.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 320.97 329.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 337.08 329.10 Td (swaps, ) Tj ET Q q 0 0 0 rg BT 364.00 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.51 329.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 395.12 329.10 Td ( ) Tj ET Q q 0 0 0 rg BT 397.80 329.10 Td (had ) Tj ET Q q 0 0 0 rg BT 413.48 329.10 Td (a ) Tj ET Q q 0 0 0 rg BT 420.49 329.10 Td (floating ) Tj ET Q q 0 0 0 rg BT 448.29 329.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 464.40 329.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 499.99 329.10 Td (and ) Tj ET Q q 0 0 0 rg BT 515.66 329.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 533.50 329.10 Td (of ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 317.70 Td ($538.8 ) Tj ET Q q 0 0 0 rg BT 98.09 317.70 Td (million) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 120.16 317.70 Td ( ) Tj ET Q q 0 0 0 rg BT 122.42 317.70 Td (\() Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 125.01 317.70 Td (December31, ) Tj ET Q q 0 0 0 rg BT 176.20 317.70 Td (2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 193.53 317.70 Td ( ) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 195.78 317.70 Td () Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 200.53 317.70 Td ( ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 202.79 317.70 Td ($465.2 ) Tj ET Q q 0 0 0 rg BT 228.88 317.70 Td (million) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 250.95 317.70 Td (\). ) Tj ET Q q 0 0 0 rg BT 257.83 317.70 Td (The ) Tj ET Q q 0 0 0 rg BT 273.51 317.70 Td (following ) Tj ET Q q 0 0 0 rg BT 306.08 317.70 Td (table ) Tj ET Q q 0 0 0 rg BT 325.23 317.70 Td (presents ) Tj ET Q q 0 0 0 rg BT 357.37 317.70 Td (the ) Tj ET Q q 0 0 0 rg BT 370.45 317.70 Td (annualized ) Tj ET Q q 0 0 0 rg BT 410.40 317.70 Td (impact ) Tj ET Q q 0 0 0 rg BT 435.60 317.70 Td (of ) Tj ET Q q 0 0 0 rg BT 444.35 317.70 Td (a ) Tj ET Q q 0 0 0 rg BT 450.94 317.70 Td (change ) Tj ET Q q 0 0 0 rg BT 478.76 317.70 Td (in ) Tj ET Q q 0 0 0 rg BT 487.08 317.70 Td (floating ) Tj ET Q q 0 0 0 rg BT 514.46 317.70 Td (interest ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 306.30 Td (rates ) Tj ET Q q 0 0 0 rg BT 91.49 306.30 Td (of ) Tj ET Q q 0 0 0 rg BT 100.15 306.30 Td (25 ) Tj ET Q q 0 0 0 rg BT 110.98 306.30 Td (bps ) Tj ET Q q 0 0 0 rg BT 125.71 306.30 Td (on ) Tj ET Q q 0 0 0 rg BT 136.54 306.30 Td (finance ) Tj ET Q q 0 0 0 rg BT 163.83 306.30 Td (costs: ) Tj ET Q q 0 0 0 rg BT 186.36 306.30 Td ( ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 289.79999999999995 m 166.5 289.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 166.5 289.79999999999995 m 389.5 289.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 289.79999999999995 m 464.5 289.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 289.79999999999995 m 539.5 289.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 274.79999999999995 m 539.5 274.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 71.5 274.79999999999995 m 166.5 274.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 259.79999999999995 m 166.5 259.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 166.5 274.79999999999995 m 389.5 274.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 166.5 259.79999999999995 m 389.5 259.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 389.5 274.79999999999995 m 464.5 274.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 259.79999999999995 m 464.5 259.79999999999995 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 464.5 274.79999999999995 m 539.5 274.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 464.5 259.79999999999995 m 539.5 259.79999999999995 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 410.30 279.33 Td (June 30, 2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 467.55 279.33 Td (December 31, 2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 74.00 264.33 Td (Change of 25 bps) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 392.00 264.33 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 441.90 264.33 Td (1,347) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 467.00 264.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 516.90 264.33 Td (1,163) Tj ET Q BT /F1 10.00 Tf ET BT /F4 9.50 Tf ET q 0 0 0 rg BT 72.00 242.90 Td (Credit ) Tj ET Q q 0 0 0 rg BT 94.94 242.90 Td (risk) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 225.50 Td (Credit ) Tj ET Q q 0 0 0 rg BT 95.01 225.50 Td (risk ) Tj ET Q q 0 0 0 rg BT 109.36 225.50 Td (is ) Tj ET Q q 0 0 0 rg BT 117.23 225.50 Td (the ) Tj ET Q q 0 0 0 rg BT 130.29 225.50 Td (risk ) Tj ET Q q 0 0 0 rg BT 144.65 225.50 Td (that ) Tj ET Q q 0 0 0 rg BT 159.88 225.50 Td (the ) Tj ET Q q 0 0 0 rg BT 172.95 225.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 190.56 225.50 Td ( ) Tj ET Q q 0 0 0 rg BT 192.79 225.50 Td (incurs ) Tj ET Q q 0 0 0 rg BT 215.81 225.50 Td (a ) Tj ET Q q 0 0 0 rg BT 222.38 225.50 Td (loss ) Tj ET Q q 0 0 0 rg BT 238.47 225.50 Td (as ) Tj ET Q q 0 0 0 rg BT 248.93 225.50 Td (a ) Tj ET Q q 0 0 0 rg BT 255.50 225.50 Td (result ) Tj ET Q q 0 0 0 rg BT 276.79 225.50 Td (of ) Tj ET Q q 0 0 0 rg BT 285.52 225.50 Td (a ) Tj ET Q q 0 0 0 rg BT 292.09 225.50 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 337.63 225.50 Td (not ) Tj ET Q q 0 0 0 rg BT 350.70 225.50 Td (fulfilling ) Tj ET Q q 0 0 0 rg BT 378.92 225.50 Td (its ) Tj ET Q q 0 0 0 rg BT 388.95 225.50 Td (financial ) Tj ET Q q 0 0 0 rg BT 419.77 225.50 Td (obligation. ) Tj ET Q q 0 0 0 rg BT 457.52 225.50 Td (Credit ) Tj ET Q q 0 0 0 rg BT 480.53 225.50 Td (risk ) Tj ET Q q 0 0 0 rg BT 494.88 225.50 Td (is ) Tj ET Q q 0 0 0 rg BT 502.75 225.50 Td (associated ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 214.10 Td (with ) Tj ET Q q 0 0 0 rg BT 88.03 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 101.04 214.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 120.38 214.10 Td (s ) Tj ET Q q 0 0 0 rg BT 126.46 214.10 Td (cash, ) Tj ET Q q 0 0 0 rg BT 147.26 214.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 181.48 214.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 200.12 214.10 Td (and ) Tj ET Q q 0 0 0 rg BT 215.29 214.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 248.66 214.10 Td (receivable. ) Tj ET Q q 0 0 0 rg BT 288.38 214.10 Td (The ) Tj ET Q q 0 0 0 rg BT 303.98 214.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 321.59 214.10 Td ( ) Tj ET Q q 0 0 0 rg BT 323.77 214.10 Td (controls ) Tj ET Q q 0 0 0 rg BT 353.23 214.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 371.42 214.10 Td (by ) Tj ET Q q 0 0 0 rg BT 381.83 214.10 Td (avoiding ) Tj ET Q q 0 0 0 rg BT 413.03 214.10 Td (undue ) Tj ET Q q 0 0 0 rg BT 436.87 214.10 Td (concentration ) Tj ET Q q 0 0 0 rg BT 485.83 214.10 Td (of ) Tj ET Q q 0 0 0 rg BT 494.51 214.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 519.21 214.10 Td (in ) Tj ET Q q 0 0 0 rg BT 527.45 214.10 Td (any ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 202.70 Td (geographic ) Tj ET Q q 0 0 0 rg BT 112.40 202.70 Td (location, ) Tj ET Q q 0 0 0 rg BT 143.28 202.70 Td (in ) Tj ET Q q 0 0 0 rg BT 151.20 202.70 Td (any ) Tj ET Q q 0 0 0 rg BT 165.61 202.70 Td (industry ) Tj ET Q q 0 0 0 rg BT 194.75 202.70 Td (or ) Tj ET Q q 0 0 0 rg BT 203.53 202.70 Td (with ) Tj ET Q q 0 0 0 rg BT 219.24 202.70 Td (any ) Tj ET Q q 0 0 0 rg BT 233.66 202.70 Td (specific ) Tj ET Q q 0 0 0 rg BT 261.49 202.70 Td (tenants. ) Tj ET Q q 0 0 0 rg BT 290.96 202.70 Td (This ) Tj ET Q q 0 0 0 rg BT 307.53 202.70 Td (risk ) Tj ET Q q 0 0 0 rg BT 321.51 202.70 Td (is ) Tj ET Q q 0 0 0 rg BT 328.99 202.70 Td (further ) Tj ET Q q 0 0 0 rg BT 353.36 202.70 Td (mitigated ) Tj ET Q q 0 0 0 rg BT 386.83 202.70 Td (by ) Tj ET Q q 0 0 0 rg BT 396.92 202.70 Td (signing ) Tj ET Q q 0 0 0 rg BT 423.46 202.70 Td (long-term ) Tj ET Q q 0 0 0 rg BT 458.22 202.70 Td (leases ) Tj ET Q q 0 0 0 rg BT 482.59 202.70 Td (with ) Tj ET Q q 0 0 0 rg BT 498.30 202.70 Td (tenants ) Tj ET Q q 0 0 0 rg BT 525.72 202.70 Td (who ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 191.30 Td (have ) Tj ET Q q 0 0 0 rg BT 90.96 191.30 Td (investment-grade ) Tj ET Q q 0 0 0 rg BT 153.22 191.30 Td (credit ) Tj ET Q q 0 0 0 rg BT 174.34 191.30 Td (ratings ) Tj ET Q q 0 0 0 rg BT 199.80 191.30 Td (and ) Tj ET Q q 0 0 0 rg BT 214.86 191.30 Td (investing ) Tj ET Q q 0 0 0 rg BT 247.68 191.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 266.21 191.30 Td (and ) Tj ET Q q 0 0 0 rg BT 281.27 191.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 299.80 191.30 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 341.28 191.30 Td (in ) Tj ET Q q 0 0 0 rg BT 349.42 191.30 Td (large ) Tj ET Q q 0 0 0 rg BT 368.80 191.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 399.46 191.30 Td (institutions ) Tj ET Q q 0 0 0 rg BT 438.34 191.30 Td (with ) Tj ET Q q 0 0 0 rg BT 454.26 191.30 Td (strong ) Tj ET Q q 0 0 0 rg BT 477.98 191.30 Td (credit ) Tj ET Q q 0 0 0 rg BT 499.10 191.30 Td (ratings. ) Tj ET Q q 0 0 0 rg BT 526.59 191.30 Td (The ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 179.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 89.61 179.90 Td ( ) Tj ET Q q 0 0 0 rg BT 91.96 179.90 Td (has ) Tj ET Q q 0 0 0 rg BT 106.87 179.90 Td (credit ) Tj ET Q q 0 0 0 rg BT 128.27 179.90 Td (policies ) Tj ET Q q 0 0 0 rg BT 156.61 179.90 Td (to ) Tj ET Q q 0 0 0 rg BT 165.46 179.90 Td (address ) Tj ET Q q 0 0 0 rg BT 195.52 179.90 Td (credit ) Tj ET Q q 0 0 0 rg BT 216.93 179.90 Td (risk, ) Tj ET Q q 0 0 0 rg BT 233.56 179.90 Td (which ) Tj ET Q q 0 0 0 rg BT 255.82 179.90 Td (are ) Tj ET Q q 0 0 0 rg BT 269.43 179.90 Td (applied ) Tj ET Q q 0 0 0 rg BT 296.91 179.90 Td (during ) Tj ET Q q 0 0 0 rg BT 320.91 179.90 Td (lease ) Tj ET Q q 0 0 0 rg BT 341.89 179.90 Td (negotiations ) Tj ET Q q 0 0 0 rg BT 386.25 179.90 Td (and ) Tj ET Q q 0 0 0 rg BT 401.60 179.90 Td (may ) Tj ET Q q 0 0 0 rg BT 418.67 179.90 Td (include ) Tj ET Q q 0 0 0 rg BT 445.71 179.90 Td (the ) Tj ET Q q 0 0 0 rg BT 458.89 179.90 Td (analysis ) Tj ET Q q 0 0 0 rg BT 489.39 179.90 Td (of ) Tj ET Q q 0 0 0 rg BT 498.24 179.90 Td (the ) Tj ET Q q 0 0 0 rg BT 511.42 179.90 Td (financial ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 168.50 Td (position ) Tj ET Q q 0 0 0 rg BT 101.02 168.50 Td (of ) Tj ET Q q 0 0 0 rg BT 109.69 168.50 Td (the ) Tj ET Q q 0 0 0 rg BT 122.68 168.50 Td (debtor) Tj ET Q q 0 0 0 rg BT 144.35 168.50 Td (, ) Tj ET Q q 0 0 0 rg BT 148.68 168.50 Td (and ) Tj ET Q q 0 0 0 rg BT 163.84 168.50 Td (a ) Tj ET Q q 0 0 0 rg BT 170.34 168.50 Td (review ) Tj ET Q q 0 0 0 rg BT 195.02 168.50 Td (of ) Tj ET Q q 0 0 0 rg BT 203.68 168.50 Td (credit ) Tj ET Q q 0 0 0 rg BT 224.90 168.50 Td (limits, ) Tj ET Q q 0 0 0 rg BT 246.98 168.50 Td (credit ) Tj ET Q q 0 0 0 rg BT 268.20 168.50 Td (history ) Tj ET Q q 0 0 0 rg BT 293.31 168.50 Td (and ) Tj ET Q q 0 0 0 rg BT 308.48 168.50 Td (credit ) Tj ET Q q 0 0 0 rg BT 329.69 168.50 Td (performance. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 72.00 151.10 Td (24. ) Tj ET Q q 0 0 0 rg BT 85.00 151.10 Td ( ) Tj ET Q q 0 0 0 rg BT 87.16 151.10 Td ( ) Tj ET Q q 0 0 0 rg BT 89.33 151.10 Td ( ) Tj ET Q q 0 0 0 rg BT 91.50 151.10 Td ( ) Tj ET Q q 0 0 0 rg BT 93.66 151.10 Td ( ) Tj ET Q q 0 0 0 rg BT 95.83 151.10 Td ( ) Tj ET Q q 0 0 0 rg BT 98.00 151.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 126.14 151.10 Td (management) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 133.70 Td (The ) Tj ET Q q 0 0 0 rg BT 87.75 133.70 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 113.20 133.70 Td (capital ) Tj ET Q q 0 0 0 rg BT 138.05 133.70 Td (management ) Tj ET Q q 0 0 0 rg BT 185.85 133.70 Td (objectives ) Tj ET Q q 0 0 0 rg BT 222.82 133.70 Td (are ) Tj ET Q q 0 0 0 rg BT 236.40 133.70 Td (to ) Tj ET Q q 0 0 0 rg BT 245.22 133.70 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 254.46 133.70 Td (ensure ) Tj ET Q q 0 0 0 rg BT 280.60 133.70 Td (compliance ) Tj ET Q q 0 0 0 rg BT 322.33 133.70 Td (with ) Tj ET Q q 0 0 0 rg BT 338.51 133.70 Td (the ) Tj ET Q q 0 0 0 rg BT 351.66 133.70 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 377.12 133.70 Td (Declaration ) Tj ET Q q 0 0 0 rg BT 418.84 133.70 Td (of ) Tj ET Q q 0 0 0 rg BT 427.52 133.70 Td (T) Tj ET Q q 0 0 0 rg BT 432.00 133.70 Td (rust ) Tj ET Q q 0 0 0 rg BT 447.31 133.70 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 458.28 133.70 Td (ensure ) Tj ET Q q 0 0 0 rg BT 484.42 133.70 Td (compliance ) Tj ET Q q 0 0 0 rg BT 526.15 133.70 Td (with ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 122.30 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 111.80 122.30 Td (in ) Tj ET Q q 0 0 0 rg BT 119.99 122.30 Td (debt ) Tj ET Q q 0 0 0 rg BT 137.29 122.30 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 182.73 122.30 Td (and ) Tj ET Q q 0 0 0 rg BT 197.86 122.30 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 210.37 122.30 Td (provide ) Tj ET Q q 0 0 0 rg BT 238.05 122.30 Td (suf) Tj ET Q q 0 0 0 rg BT 248.31 122.30 Td (ficient ) Tj ET Q q 0 0 0 rg BT 270.80 122.30 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 298.91 122.30 Td (to ) Tj ET Q q 0 0 0 rg BT 307.54 122.30 Td (operate ) Tj ET Q q 0 0 0 rg BT 336.10 122.30 Td (the ) Tj ET Q q 0 0 0 rg BT 349.06 122.30 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 374.33 122.30 Td (properties, ) Tj ET Q q 0 0 0 rg BT 413.27 122.30 Td (fund ) Tj ET Q q 0 0 0 rg BT 430.56 122.30 Td (obligations ) Tj ET Q q 0 0 0 rg BT 469.94 122.30 Td (as ) Tj ET Q q 0 0 0 rg BT 480.31 122.30 Td (they ) Tj ET Q q 0 0 0 rg BT 497.17 122.30 Td (become ) Tj ET Q q 0 0 0 rg BT 527.01 122.30 Td (due ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 110.90 Td (and ) Tj ET Q q 0 0 0 rg BT 87.09 110.90 Td (build ) Tj ET Q q 0 0 0 rg BT 105.64 110.90 Td (unitholder ) Tj ET Q q 0 0 0 rg BT 141.95 110.90 Td (value. ) Tj ET Q q 0 0 0 rg BT 164.83 110.90 Td (Procedures ) Tj ET Q q 0 0 0 rg BT 206.76 110.90 Td (to ) Tj ET Q q 0 0 0 rg BT 215.35 110.90 Td (monitor ) Tj ET Q q 0 0 0 rg BT 243.42 110.90 Td (compliance ) Tj ET Q q 0 0 0 rg BT 284.92 110.90 Td (with ) Tj ET Q q 0 0 0 rg BT 300.87 110.90 Td (the ) Tj ET Q q 0 0 0 rg BT 313.79 110.90 Td (Declaration ) Tj ET Q q 0 0 0 rg BT 355.28 110.90 Td (of ) Tj ET Q q 0 0 0 rg BT 363.74 110.90 Td (T) Tj ET Q q 0 0 0 rg BT 368.22 110.90 Td (rust ) Tj ET Q q 0 0 0 rg BT 383.30 110.90 Td (and ) Tj ET Q q 0 0 0 rg BT 398.39 110.90 Td (debt ) Tj ET Q q 0 0 0 rg BT 415.65 110.90 Td (agreements ) Tj ET Q q 0 0 0 rg BT 458.88 110.90 Td (are ) Tj ET Q q 0 0 0 rg BT 472.23 110.90 Td (performed ) Tj ET Q q 0 0 0 rg BT 509.83 110.90 Td (as ) Tj ET Q q 0 0 0 rg BT 520.15 110.90 Td (a ) Tj ET Q q 0 0 0 rg BT 526.58 110.90 Td (part ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 99.50 Td (of ) Tj ET Q q 0 0 0 rg BT 80.89 99.50 Td (the ) Tj ET Q q 0 0 0 rg BT 94.11 99.50 Td (overall ) Tj ET Q q 0 0 0 rg BT 119.44 99.50 Td (management ) Tj ET Q q 0 0 0 rg BT 167.30 99.50 Td (of ) Tj ET Q q 0 0 0 rg BT 176.19 99.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 214.96 99.50 Td (and ) Tj ET Q q 0 0 0 rg BT 230.34 99.50 Td (periodically ) Tj ET Q q 0 0 0 rg BT 271.70 99.50 Td (by ) Tj ET Q q 0 0 0 rg BT 282.32 99.50 Td (review ) Tj ET Q q 0 0 0 rg BT 307.21 99.50 Td (of ) Tj ET Q q 0 0 0 rg BT 316.10 99.50 Td (the ) Tj ET Q q 0 0 0 rg BT 329.32 99.50 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 354.84 99.50 Td (board ) Tj ET Q q 0 0 0 rg BT 377.15 99.50 Td (of ) Tj ET Q q 0 0 0 rg BT 386.04 99.50 Td (trustees ) Tj ET Q q 0 0 0 rg BT 416.14 99.50 Td (and ) Tj ET Q q 0 0 0 rg BT 431.53 99.50 Td (reporting ) Tj ET Q q 0 0 0 rg BT 464.66 99.50 Td (to ) Tj ET Q q 0 0 0 rg BT 473.55 99.50 Td (the ) Tj ET Q q 0 0 0 rg BT 486.77 99.50 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 512.29 99.50 Td (lenders. ) Tj ET Q q 0 0 0 rg BT 542.17 99.50 Td ( ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 88.10 Td (In ) Tj ET Q q 0 0 0 rg BT 81.16 88.10 Td (order ) Tj ET Q q 0 0 0 rg BT 102.00 88.10 Td (to ) Tj ET Q q 0 0 0 rg BT 111.15 88.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 143.25 88.10 Td (or ) Tj ET Q q 0 0 0 rg BT 152.84 88.10 Td (adjust ) Tj ET Q q 0 0 0 rg BT 176.28 88.10 Td (the ) Tj ET Q q 0 0 0 rg BT 189.77 88.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 214.95 88.10 Td (structure, ) Tj ET Q q 0 0 0 rg BT 250.08 88.10 Td (the ) Tj ET Q q 0 0 0 rg BT 263.57 88.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 281.18 88.10 Td ( ) Tj ET Q q 0 0 0 rg BT 283.83 88.10 Td (may ) Tj ET Q q 0 0 0 rg BT 301.21 88.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 322.05 88.10 Td (trust ) Tj ET Q q 0 0 0 rg BT 339.87 88.10 Td (units, ) Tj ET Q q 0 0 0 rg BT 361.15 88.10 Td (debentures ) Tj ET Q q 0 0 0 rg BT 402.79 88.10 Td (or ) Tj ET Q q 0 0 0 rg BT 412.37 88.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 447.94 88.10 Td (debt, ) Tj ET Q q 0 0 0 rg BT 467.92 88.10 Td (adjust ) Tj ET Q q 0 0 0 rg BT 491.37 88.10 Td (the ) Tj ET Q q 0 0 0 rg BT 504.86 88.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 533.50 88.10 Td (of ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 76.70 Td (distributions ) Tj ET Q q 0 0 0 rg BT 115.74 76.70 Td (paid ) Tj ET Q q 0 0 0 rg BT 132.63 76.70 Td (to ) Tj ET Q q 0 0 0 rg BT 141.30 76.70 Td (unitholders, ) Tj ET Q q 0 0 0 rg BT 183.75 76.70 Td (return ) Tj ET Q q 0 0 0 rg BT 206.26 76.70 Td (capital ) Tj ET Q q 0 0 0 rg BT 230.95 76.70 Td (to ) Tj ET Q q 0 0 0 rg BT 239.62 76.70 Td (unitholders, ) Tj ET Q q 0 0 0 rg BT 282.06 76.70 Td (or ) Tj ET Q q 0 0 0 rg BT 291.15 76.70 Td (reduce ) Tj ET Q q 0 0 0 rg BT 317.14 76.70 Td (or ) Tj ET Q q 0 0 0 rg BT 326.23 76.70 Td (increase ) Tj ET Q q 0 0 0 rg BT 357.85 76.70 Td (debt.) Tj ET Q endstream endobj 49 0 obj <> endobj 50 0 obj <> stream BT /F3 14.00 Tf ET q 0 0 0 rg BT 49.50 769.35 Td ( ) Tj ET Q q 0 0 0 rg BT 67.50 769.35 Td ( SLA) Tj ET Q q 0 0 0 rg BT 92.81 769.35 Td (TE OFFICE REIT) Tj ET Q BT /F3 14.00 Tf ET q 0 0 0 rg BT 72.00 752.55 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 121.55 752.55 Td (O THE CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 304.38 752.55 Td (TED INTERIM FINANCIAL) Tj ET Q q 0 0 0 rg BT 442.55 752.55 Td ( ST) Tj ET Q q 0 0 0 rg BT 459.57 752.55 Td (A) Tj ET Q q 0 0 0 rg BT 467.01 752.55 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 740.55 Td (\(all tabular amounts are expressed in thousands of Canadian dollars, unless otherwise noted\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.00 728.55 Td (\(unaudited\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 301.25 42.95 Td (Page 23) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 695.10 Td (The REIT) Tj ET Q q 0 0 0 rg BT 105.20 695.10 Td ( considers its debt and equity instruments to be its capital as follows: ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 684.6 m 390.5 684.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 670.6 m 390.5 670.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 684.6 m 465.5 684.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 670.6 m 465.5 670.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 684.6 m 540.5 684.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 670.6 m 540.5 670.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 670.6 m 465.5 670.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 670.6 m 540.5 670.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 628.6 m 540.5 628.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 628.6 m 390.5 628.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 614.6 m 390.5 614.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 628.6 m 465.5 628.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 614.6 m 465.5 614.6 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 628.6 m 540.5 628.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 614.6 m 540.5 614.6 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 411.30 675.13 Td (June 30, 2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 468.55 675.13 Td (December 31, 2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 661.13 Td (Debt, net) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.00 661.13 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 434.20 661.13 Td (752,312) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 468.00 661.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 509.20 661.13 Td (604,953) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 647.13 Td (Class B LP units) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 438.55 647.13 Td (42,281) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 513.55 647.13 Td (41,753) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 633.13 Td (Equity) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 434.20 633.13 Td (467,592) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 509.20 633.13 Td (345,712) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.00 619.13 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 427.70 619.13 Td (1,262,185) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 468.00 619.13 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 509.20 619.13 Td (992,418) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 597.70 Td (The ) Tj ET Q q 0 0 0 rg BT 87.93 597.70 Td (Declaration ) Tj ET Q q 0 0 0 rg BT 129.83 597.70 Td (of ) Tj ET Q q 0 0 0 rg BT 138.68 597.70 Td (T) Tj ET Q q 0 0 0 rg BT 143.16 597.70 Td (rust ) Tj ET Q q 0 0 0 rg BT 158.65 597.70 Td (provides ) Tj ET Q q 0 0 0 rg BT 190.60 597.70 Td (that ) Tj ET Q q 0 0 0 rg BT 206.10 597.70 Td (the ) Tj ET Q q 0 0 0 rg BT 219.44 597.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 237.05 597.70 Td ( ) Tj ET Q q 0 0 0 rg BT 239.55 597.70 Td (is ) Tj ET Q q 0 0 0 rg BT 247.68 597.70 Td (not ) Tj ET Q q 0 0 0 rg BT 261.02 597.70 Td (permitted ) Tj ET Q q 0 0 0 rg BT 296.00 597.70 Td (to ) Tj ET Q q 0 0 0 rg BT 305.00 597.70 Td (exceed ) Tj ET Q q 0 0 0 rg BT 332.63 597.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 363.72 597.70 Td (leverage ) Tj ET Q q 0 0 0 rg BT 396.10 597.70 Td (in ) Tj ET Q q 0 0 0 rg BT 404.67 597.70 Td (excess ) Tj ET Q q 0 0 0 rg BT 431.42 597.70 Td (of ) Tj ET Q q 0 0 0 rg BT 440.43 597.70 Td (65% ) Tj ET Q q 0 0 0 rg BT 458.52 597.70 Td (of ) Tj ET Q q 0 0 0 rg BT 467.53 597.70 Td (gross ) Tj ET Q q 0 0 0 rg BT 489.08 597.70 Td (book ) Tj ET Q q 0 0 0 rg BT 508.48 597.70 Td (value, ) Tj ET Q q 0 0 0 rg BT 531.77 597.70 Td (as ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 586.30 Td (defined ) Tj ET Q q 0 0 0 rg BT 99.73 586.30 Td (by ) Tj ET Q q 0 0 0 rg BT 110.12 586.30 Td (the ) Tj ET Q q 0 0 0 rg BT 123.12 586.30 Td (Declaration ) Tj ET Q q 0 0 0 rg BT 164.69 586.30 Td (of ) Tj ET Q q 0 0 0 rg BT 173.22 586.30 Td (T) Tj ET Q q 0 0 0 rg BT 177.70 586.30 Td (rust, ) Tj ET Q q 0 0 0 rg BT 195.02 586.30 Td (and ) Tj ET Q q 0 0 0 rg BT 210.18 586.30 Td (calculated ) Tj ET Q q 0 0 0 rg BT 247.43 586.30 Td (as ) Tj ET Q q 0 0 0 rg BT 257.83 586.30 Td (follows:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 575.8 m 390.5 575.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 561.8 m 390.5 561.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 575.8 m 465.5 575.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 561.8 m 465.5 561.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 575.8 m 540.5 575.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 561.8 m 540.5 561.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 561.8 m 465.5 561.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 561.8 m 540.5 561.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 533.8 m 465.5 533.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 533.8 m 540.5 533.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 533.8 m 390.5 533.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 533.8 m 465.5 533.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 533.8 m 540.5 533.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 72.5 505.8 m 390.5 505.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 491.8 m 390.5 491.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 390.5 505.8 m 465.5 505.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 491.8 m 465.5 491.8 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 465.5 505.8 m 540.5 505.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 491.8 m 540.5 491.8 l s BT /F3 9.50 Tf ET q 0 0 0 rg BT 411.30 566.33 Td (June 30, 2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 468.55 566.33 Td (December 31, 2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 552.33 Td (Total assets) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.00 552.33 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 423.35 552.33 Td (1,302,622) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 468.00 552.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 498.35 552.33 Td (1,025,522) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 538.33 Td (Less: Restricted cash) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 435.95 538.33 Td (\(1,405) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 458.05 538.33 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 510.95 538.33 Td (\(1,404) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 533.05 538.33 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 524.33 Td (Gross book value) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 423.35 524.33 Td (1,301,217) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 498.35 524.33 Td (1,024,118) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 510.33 Td (Debt, net) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 393.00 510.33 Td ($) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 429.85 510.33 Td (752,312) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 468.00 510.33 Td ($) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 504.85 510.33 Td (604,953) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 75.00 496.33 Td (Leverage ratio) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 442.85 496.33 Td (57.8) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 458.05 496.33 Td (%) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 517.85 496.33 Td (59.1) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 533.05 496.33 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 474.90 Td (Additional ) Tj ET Q q 0 0 0 rg BT 107.65 474.90 Td (investment ) Tj ET Q q 0 0 0 rg BT 146.75 474.90 Td (and ) Tj ET Q q 0 0 0 rg BT 161.18 474.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 195.10 474.90 Td (guidelines ) Tj ET Q q 0 0 0 rg BT 231.61 474.90 Td (are ) Tj ET Q q 0 0 0 rg BT 244.30 474.90 Td (provided ) Tj ET Q q 0 0 0 rg BT 275.61 474.90 Td (for ) Tj ET Q q 0 0 0 rg BT 286.13 474.90 Td (by ) Tj ET Q q 0 0 0 rg BT 295.79 474.90 Td (the ) Tj ET Q q 0 0 0 rg BT 308.05 474.90 Td (Declaration ) Tj ET Q q 0 0 0 rg BT 348.89 474.90 Td (of ) Tj ET Q q 0 0 0 rg BT 356.73 474.90 Td (T) Tj ET Q q 0 0 0 rg BT 361.20 474.90 Td (rust. ) Tj ET Q q 0 0 0 rg BT 377.70 474.90 Td (The ) Tj ET Q q 0 0 0 rg BT 392.55 474.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 410.16 474.90 Td ( ) Tj ET Q q 0 0 0 rg BT 411.59 474.90 Td (is ) Tj ET Q q 0 0 0 rg BT 418.65 474.90 Td (in ) Tj ET Q q 0 0 0 rg BT 426.14 474.90 Td (compliance ) Tj ET Q q 0 0 0 rg BT 466.98 474.90 Td (with ) Tj ET Q q 0 0 0 rg BT 482.26 474.90 Td (these ) Tj ET Q q 0 0 0 rg BT 502.75 474.90 Td (guidelines. ) Tj ET Q q 0 0 0 rg BT 542.17 474.90 Td ( ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 457.50 Td (The ) Tj ET Q q 0 0 0 rg BT 87.28 457.50 Td (REIT's ) Tj ET Q q 0 0 0 rg BT 112.27 457.50 Td (revolving ) Tj ET Q q 0 0 0 rg BT 145.31 457.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 179.65 457.50 Td (facility) Tj ET Q q 0 0 0 rg BT 200.73 457.50 Td (, ) Tj ET Q q 0 0 0 rg BT 204.75 457.50 Td (revolving ) Tj ET Q q 0 0 0 rg BT 237.79 457.50 Td (credit ) Tj ET Q q 0 0 0 rg BT 258.70 457.50 Td (facility) Tj ET Q q 0 0 0 rg BT 279.78 457.50 Td (, ) Tj ET Q q 0 0 0 rg BT 283.80 457.50 Td (term ) Tj ET Q q 0 0 0 rg BT 301.24 457.50 Td (loan, ) Tj ET Q q 0 0 0 rg BT 319.99 457.50 Td (construction ) Tj ET Q q 0 0 0 rg BT 363.86 457.50 Td (facility) Tj ET Q q 0 0 0 rg BT 384.94 457.50 Td (, ) Tj ET Q q 0 0 0 rg BT 388.96 457.50 Td (and ) Tj ET Q q 0 0 0 rg BT 403.82 457.50 Td (some ) Tj ET Q q 0 0 0 rg BT 424.73 457.50 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 463.39 457.50 Td (are ) Tj ET Q q 0 0 0 rg BT 476.51 457.50 Td (subject ) Tj ET Q q 0 0 0 rg BT 503.05 457.50 Td (to ) Tj ET Q q 0 0 0 rg BT 511.41 457.50 Td (financial ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 446.10 Td (and ) Tj ET Q q 0 0 0 rg BT 87.73 446.10 Td (other ) Tj ET Q q 0 0 0 rg BT 108.23 446.10 Td (covenants, ) Tj ET Q q 0 0 0 rg BT 148.65 446.10 Td (including ) Tj ET Q q 0 0 0 rg BT 182.13 446.10 Td (customary ) Tj ET Q q 0 0 0 rg BT 220.81 446.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 257.30 446.10 Td (leverage ) Tj ET Q q 0 0 0 rg BT 289.92 446.10 Td (ratios, ) Tj ET Q q 0 0 0 rg BT 313.88 446.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 342.16 446.10 Td (service ) Tj ET Q q 0 0 0 rg BT 369.58 446.10 Td (coverage ) Tj ET Q q 0 0 0 rg BT 404.36 446.10 Td (ratios, ) Tj ET Q q 0 0 0 rg BT 428.32 446.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 462.65 446.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 480.55 446.10 Td (service ) Tj ET Q q 0 0 0 rg BT 507.96 446.10 Td (coverage ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 434.70 Td (ratios, ) Tj ET Q q 0 0 0 rg BT 95.38 434.70 Td (minimum ) Tj ET Q q 0 0 0 rg BT 129.15 434.70 Td (unitholders' ) Tj ET Q q 0 0 0 rg BT 170.92 434.70 Td ( ) Tj ET Q q 0 0 0 rg BT 173.09 434.70 Td (equity ) Tj ET Q q 0 0 0 rg BT 196.04 434.70 Td (among ) Tj ET Q q 0 0 0 rg BT 222.03 434.70 Td (others. ) Tj ET Q q 0 0 0 rg BT 247.88 434.70 Td (The ) Tj ET Q q 0 0 0 rg BT 263.47 434.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 281.08 434.70 Td ( ) Tj ET Q q 0 0 0 rg BT 283.25 434.70 Td (is ) Tj ET Q q 0 0 0 rg BT 291.04 434.70 Td (in ) Tj ET Q q 0 0 0 rg BT 299.27 434.70 Td (compliance ) Tj ET Q q 0 0 0 rg BT 340.84 434.70 Td (with ) Tj ET Q q 0 0 0 rg BT 356.86 434.70 Td (these ) Tj ET Q q 0 0 0 rg BT 378.09 434.70 Td (covenants. ) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 72.00 417.30 Td (25. ) Tj ET Q q 0 0 0 rg BT 85.00 417.30 Td ( ) Tj ET Q q 0 0 0 rg BT 87.16 417.30 Td ( ) Tj ET Q q 0 0 0 rg BT 89.33 417.30 Td ( ) Tj ET Q q 0 0 0 rg BT 91.50 417.30 Td ( ) Tj ET Q q 0 0 0 rg BT 93.66 417.30 Td ( ) Tj ET Q q 0 0 0 rg BT 95.83 417.30 Td ( ) Tj ET Q q 0 0 0 rg BT 98.00 417.30 Td (Income ) Tj ET Q q 0 0 0 rg BT 127.44 417.30 Td (taxes) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 399.90 Td (The ) Tj ET Q q 0 0 0 rg BT 87.79 399.90 Td (Income ) Tj ET Q q 0 0 0 rg BT 115.57 399.90 Td (T) Tj ET Q q 0 0 0 rg BT 119.46 399.90 Td (ax ) Tj ET Q q 0 0 0 rg BT 130.06 399.90 Td ( ) Tj ET Q q 0 0 0 rg BT 131.96 399.90 Td (Act ) Tj ET Q q 0 0 0 rg BT 145.59 399.90 Td (\(Canada\) ) Tj ET Q q 0 0 0 rg BT 180.43 399.90 Td (contains ) Tj ET Q q 0 0 0 rg BT 211.82 399.90 Td (legislation ) Tj ET Q q 0 0 0 rg BT 248.84 399.90 Td (af) Tj ET Q q 0 0 0 rg BT 255.20 399.90 Td (fecting ) Tj ET Q q 0 0 0 rg BT 280.53 399.90 Td (the ) Tj ET Q q 0 0 0 rg BT 293.73 399.90 Td (tax ) Tj ET Q q 0 0 0 rg BT 306.50 399.90 Td (treatment ) Tj ET Q q 0 0 0 rg BT 341.78 399.90 Td (of ) Tj ET Q q 0 0 0 rg BT 350.65 399.90 Td (specified ) Tj ET Q q 0 0 0 rg BT 383.77 399.90 Td (investment ) Tj ET Q q 0 0 0 rg BT 423.81 399.90 Td (flow-through ) Tj ET Q q 0 0 0 rg BT 469.05 399.90 Td (\(SIFT\) ) Tj ET Q q 0 0 0 rg BT 498.67 399.90 Td (trusts ) Tj ET Q q 0 0 0 rg BT 520.10 399.90 Td (which ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 388.50 Td (include ) Tj ET Q q 0 0 0 rg BT 99.65 388.50 Td (publicly-listed ) Tj ET Q q 0 0 0 rg BT 149.37 388.50 Td (income ) Tj ET Q q 0 0 0 rg BT 177.44 388.50 Td (trusts ) Tj ET Q q 0 0 0 rg BT 199.45 388.50 Td (\(the ) Tj ET Q q 0 0 0 rg BT 215.83 388.50 Td (SIFT) Tj ET Q q 0 0 0 rg BT 235.17 388.50 Td ( ) Tj ET Q q 0 0 0 rg BT 238.13 388.50 Td (Rules\). ) Tj ET Q q 0 0 0 rg BT 268.35 388.50 Td (Under ) Tj ET Q q 0 0 0 rg BT 292.53 388.50 Td (the ) Tj ET Q q 0 0 0 rg BT 306.32 388.50 Td (SIFT) Tj ET Q q 0 0 0 rg BT 323.06 388.50 Td ( ) Tj ET Q q 0 0 0 rg BT 326.02 388.50 Td (Rules, ) Tj ET Q q 0 0 0 rg BT 351.06 388.50 Td (certain ) Tj ET Q q 0 0 0 rg BT 377.40 388.50 Td (distributions ) Tj ET Q q 0 0 0 rg BT 421.93 388.50 Td (from ) Tj ET Q q 0 0 0 rg BT 440.47 388.50 Td (a ) Tj ET Q q 0 0 0 rg BT 447.76 388.50 Td (SIFT) Tj ET Q q 0 0 0 rg BT 464.51 388.50 Td ( ) Tj ET Q q 0 0 0 rg BT 467.47 388.50 Td (are ) Tj ET Q q 0 0 0 rg BT 481.68 388.50 Td (not ) Tj ET Q q 0 0 0 rg BT 495.47 388.50 Td (deductible ) Tj ET Q q 0 0 0 rg BT 533.95 388.50 Td (in ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 377.10 Td (computing ) Tj ET Q q 0 0 0 rg BT 110.55 377.10 Td (a ) Tj ET Q q 0 0 0 rg BT 117.48 377.10 Td (SIFT) Tj ET Q q 0 0 0 rg BT 135.96 377.10 Td (s ) Tj ET Q q 0 0 0 rg BT 142.46 377.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 170.18 377.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 200.07 377.10 Td (and ) Tj ET Q q 0 0 0 rg BT 215.67 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 229.10 377.10 Td (SIFT) Tj ET Q q 0 0 0 rg BT 245.85 377.10 Td ( ) Tj ET Q q 0 0 0 rg BT 248.45 377.10 Td (is ) Tj ET Q q 0 0 0 rg BT 256.68 377.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 283.97 377.10 Td (to ) Tj ET Q q 0 0 0 rg BT 293.07 377.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 306.07 377.10 Td (on ) Tj ET Q q 0 0 0 rg BT 317.34 377.10 Td (such ) Tj ET Q q 0 0 0 rg BT 336.40 377.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 380.57 377.10 Td (at ) Tj ET Q q 0 0 0 rg BT 389.68 377.10 Td (a ) Tj ET Q q 0 0 0 rg BT 396.61 377.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 412.64 377.10 Td (that ) Tj ET Q q 0 0 0 rg BT 428.24 377.10 Td (is ) Tj ET Q q 0 0 0 rg BT 436.47 377.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 481.95 377.10 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 520.07 377.10 Td (to ) Tj ET Q q 0 0 0 rg BT 529.17 377.10 Td (the ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 365.70 Td (general ) Tj ET Q q 0 0 0 rg BT 99.88 365.70 Td (tax ) Tj ET Q q 0 0 0 rg BT 112.18 365.70 Td (rate ) Tj ET Q q 0 0 0 rg BT 127.50 365.70 Td (applicable ) Tj ET Q q 0 0 0 rg BT 164.48 365.70 Td (to ) Tj ET Q q 0 0 0 rg BT 172.87 365.70 Td (a ) Tj ET Q q 0 0 0 rg BT 179.10 365.70 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 214.35 365.70 Td (corporation. ) Tj ET Q q 0 0 0 rg BT 257.39 365.70 Td (However) Tj ET Q q 0 0 0 rg BT 287.69 365.70 Td (, ) Tj ET Q q 0 0 0 rg BT 291.75 365.70 Td (distributions ) Tj ET Q q 0 0 0 rg BT 335.22 365.70 Td (paid ) Tj ET Q q 0 0 0 rg BT 351.85 365.70 Td (by ) Tj ET Q q 0 0 0 rg BT 361.98 365.70 Td (a ) Tj ET Q q 0 0 0 rg BT 368.21 365.70 Td (SIFT) Tj ET Q q 0 0 0 rg BT 384.95 365.70 Td ( ) Tj ET Q q 0 0 0 rg BT 386.85 365.70 Td (as ) Tj ET Q q 0 0 0 rg BT 396.97 365.70 Td (returns ) Tj ET Q q 0 0 0 rg BT 423.12 365.70 Td (of ) Tj ET Q q 0 0 0 rg BT 431.51 365.70 Td (capital ) Tj ET Q q 0 0 0 rg BT 455.93 365.70 Td (are ) Tj ET Q q 0 0 0 rg BT 469.09 365.70 Td (generally ) Tj ET Q q 0 0 0 rg BT 502.60 365.70 Td (not ) Tj ET Q q 0 0 0 rg BT 515.33 365.70 Td (subject ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 354.30 Td (to ) Tj ET Q q 0 0 0 rg BT 80.67 354.30 Td (tax.) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 336.90 Td (The ) Tj ET Q q 0 0 0 rg BT 88.10 336.90 Td (SIFT) Tj ET Q q 0 0 0 rg BT 104.84 336.90 Td ( ) Tj ET Q q 0 0 0 rg BT 107.52 336.90 Td (Rules ) Tj ET Q q 0 0 0 rg BT 130.10 336.90 Td (do ) Tj ET Q q 0 0 0 rg BT 141.44 336.90 Td (not ) Tj ET Q q 0 0 0 rg BT 154.94 336.90 Td (apply ) Tj ET Q q 0 0 0 rg BT 176.24 336.90 Td (to ) Tj ET Q q 0 0 0 rg BT 185.41 336.90 Td (a ) Tj ET Q q 0 0 0 rg BT 192.42 336.90 Td (real ) Tj ET Q q 0 0 0 rg BT 208.08 336.90 Td (estate ) Tj ET Q q 0 0 0 rg BT 231.98 336.90 Td (investment ) Tj ET Q q 0 0 0 rg BT 272.33 336.90 Td (trust ) Tj ET Q q 0 0 0 rg BT 290.15 336.90 Td (that ) Tj ET Q q 0 0 0 rg BT 305.82 336.90 Td (meets ) Tj ET Q q 0 0 0 rg BT 329.71 336.90 Td (prescribed ) Tj ET Q q 0 0 0 rg BT 368.76 336.90 Td (conditions ) Tj ET Q q 0 0 0 rg BT 406.51 336.90 Td (relating ) Tj ET Q q 0 0 0 rg BT 434.74 336.90 Td (to ) Tj ET Q q 0 0 0 rg BT 443.91 336.90 Td (the ) Tj ET Q q 0 0 0 rg BT 457.41 336.90 Td (nature ) Tj ET Q q 0 0 0 rg BT 482.17 336.90 Td (of ) Tj ET Q q 0 0 0 rg BT 491.35 336.90 Td (its ) Tj ET Q q 0 0 0 rg BT 501.81 336.90 Td (assets ) Tj ET Q q 0 0 0 rg BT 527.00 336.90 Td (and ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 325.50 Td (revenue ) Tj ET Q q 0 0 0 rg BT 102.97 325.50 Td (\(the ) Tj ET Q q 0 0 0 rg BT 119.22 325.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 139.42 325.50 Td ( ) Tj ET Q q 0 0 0 rg BT 142.24 325.50 Td (Conditions\). ) Tj ET Q q 0 0 0 rg BT 189.23 325.50 Td (Instead, ) Tj ET Q q 0 0 0 rg BT 219.77 325.50 Td (a ) Tj ET Q q 0 0 0 rg BT 226.93 325.50 Td (real ) Tj ET Q q 0 0 0 rg BT 242.74 325.50 Td (estate ) Tj ET Q q 0 0 0 rg BT 266.79 325.50 Td (investment ) Tj ET Q q 0 0 0 rg BT 307.28 325.50 Td (trust ) Tj ET Q q 0 0 0 rg BT 325.26 325.50 Td (that ) Tj ET Q q 0 0 0 rg BT 341.08 325.50 Td (meets ) Tj ET Q q 0 0 0 rg BT 365.12 325.50 Td (the ) Tj ET Q q 0 0 0 rg BT 378.77 325.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 396.38 325.50 Td ( ) Tj ET Q q 0 0 0 rg BT 399.20 325.50 Td (Conditions ) Tj ET Q q 0 0 0 rg BT 438.83 325.50 Td (is ) Tj ET Q q 0 0 0 rg BT 447.28 325.50 Td (not ) Tj ET Q q 0 0 0 rg BT 460.93 325.50 Td (liable ) Tj ET Q q 0 0 0 rg BT 481.94 325.50 Td (to ) Tj ET Q q 0 0 0 rg BT 491.26 325.50 Td (pay ) Tj ET Q q 0 0 0 rg BT 506.65 325.50 Td (Canadian ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 314.10 Td (income ) Tj ET Q q 0 0 0 rg BT 99.25 314.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 120.01 314.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 152.03 314.10 Td (that ) Tj ET Q q 0 0 0 rg BT 167.17 314.10 Td (its ) Tj ET Q q 0 0 0 rg BT 177.10 314.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 204.36 314.10 Td (income ) Tj ET Q q 0 0 0 rg BT 231.61 314.10 Td (is ) Tj ET Q q 0 0 0 rg BT 239.37 314.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 255.36 314.10 Td (distributed ) Tj ET Q q 0 0 0 rg BT 293.45 314.10 Td (to ) Tj ET Q q 0 0 0 rg BT 302.08 314.10 Td (unitholders ) Tj ET Q q 0 0 0 rg BT 342.33 314.10 Td (during ) Tj ET Q q 0 0 0 rg BT 366.12 314.10 Td (the ) Tj ET Q q 0 0 0 rg BT 379.09 314.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 404.92 314.10 Td (The ) Tj ET Q q 0 0 0 rg BT 420.48 314.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 438.09 314.10 Td ( ) Tj ET Q q 0 0 0 rg BT 440.22 314.10 Td (has ) Tj ET Q q 0 0 0 rg BT 454.92 314.10 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 488.23 314.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.20 314.10 Td (SIFT) Tj ET Q q 0 0 0 rg BT 517.94 314.10 Td ( ) Tj ET Q q 0 0 0 rg BT 520.08 314.10 Td (Rules ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 302.70 Td (and ) Tj ET Q q 0 0 0 rg BT 87.18 302.70 Td (has ) Tj ET Q q 0 0 0 rg BT 101.93 302.70 Td (assessed ) Tj ET Q q 0 0 0 rg BT 137.03 302.70 Td (their ) Tj ET Q q 0 0 0 rg BT 154.38 302.70 Td (application ) Tj ET Q q 0 0 0 rg BT 193.81 302.70 Td (to ) Tj ET Q q 0 0 0 rg BT 202.50 302.70 Td (the ) Tj ET Q q 0 0 0 rg BT 215.52 302.70 Td (REIT) Tj ET Q q 0 0 0 rg BT 234.85 302.70 Td (s ) Tj ET Q q 0 0 0 rg BT 240.94 302.70 Td (assets ) Tj ET Q q 0 0 0 rg BT 265.65 302.70 Td (and ) Tj ET Q q 0 0 0 rg BT 280.83 302.70 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 317.23 302.70 Td (While ) Tj ET Q q 0 0 0 rg BT 338.90 302.70 Td (there ) Tj ET Q q 0 0 0 rg BT 358.84 302.70 Td (are ) Tj ET Q q 0 0 0 rg BT 372.29 302.70 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 418.65 302.70 Td (in ) Tj ET Q q 0 0 0 rg BT 426.90 302.70 Td (the ) Tj ET Q q 0 0 0 rg BT 439.91 302.70 Td (interpretation ) Tj ET Q q 0 0 0 rg BT 487.58 302.70 Td (and ) Tj ET Q q 0 0 0 rg BT 502.76 302.70 Td (application ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 291.30 Td (of ) Tj ET Q q 0 0 0 rg BT 80.90 291.30 Td (the ) Tj ET Q q 0 0 0 rg BT 94.13 291.30 Td (SIFT) Tj ET Q q 0 0 0 rg BT 110.88 291.30 Td ( ) Tj ET Q q 0 0 0 rg BT 113.28 291.30 Td (Rules, ) Tj ET Q q 0 0 0 rg BT 137.76 291.30 Td (the ) Tj ET Q q 0 0 0 rg BT 150.99 291.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 168.60 291.30 Td ( ) Tj ET Q q 0 0 0 rg BT 171.00 291.30 Td (believes ) Tj ET Q q 0 0 0 rg BT 201.98 291.30 Td (that ) Tj ET Q q 0 0 0 rg BT 217.38 291.30 Td (it ) Tj ET Q q 0 0 0 rg BT 223.68 291.30 Td (has ) Tj ET Q q 0 0 0 rg BT 238.64 291.30 Td (met ) Tj ET Q q 0 0 0 rg BT 254.03 291.30 Td (the ) Tj ET Q q 0 0 0 rg BT 267.26 291.30 Td (REIT) Tj ET Q q 0 0 0 rg BT 284.87 291.30 Td ( ) Tj ET Q q 0 0 0 rg BT 287.27 291.30 Td (Conditions ) Tj ET Q q 0 0 0 rg BT 326.48 291.30 Td (for ) Tj ET Q q 0 0 0 rg BT 337.97 291.30 Td (the ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 351.21 291.30 Td (three ) Tj ET Q q 0 0 0 rg BT 371.36 291.30 Td (and ) Tj ET Q q 0 0 0 rg BT 386.76 291.30 Td (six ) Tj ET Q q 0 0 0 rg BT 398.69 291.30 Td (month ) Tj ET Q q 0 0 0 rg BT 422.74 291.30 Td (periods ) Tj ET Q q 0 0 0 rg BT 450.69 291.30 Td (ended ) Tj ET Q q 0 0 0 rg BT 474.75 291.30 Td (June ) Tj ET Q q 0 0 0 rg BT 494.05 291.30 Td (30, ) Tj ET Q q 0 0 0 rg BT 507.28 291.30 Td (2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 524.61 291.30 Td ( ) Tj ET Q q 0 0 0 rg BT 527.01 291.30 Td (and ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 279.90 Td (2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 89.33 279.90 Td (, ) Tj ET Q q 0 0 0 rg BT 93.59 279.90 Td (and ) Tj ET Q q 0 0 0 rg BT 108.69 279.90 Td (accordingly ) Tj ET Q q 0 0 0 rg BT 150.19 279.90 Td (is ) Tj ET Q q 0 0 0 rg BT 157.92 279.90 Td (not ) Tj ET Q q 0 0 0 rg BT 170.85 279.90 Td (subject ) Tj ET Q q 0 0 0 rg BT 197.63 279.90 Td (to ) Tj ET Q q 0 0 0 rg BT 206.23 279.90 Td (current ) Tj ET Q q 0 0 0 rg BT 232.57 279.90 Td (income ) Tj ET Q q 0 0 0 rg BT 259.79 279.90 Td (taxes. ) Tj ET Q q 0 0 0 rg BT 282.54 279.90 Td (The ) Tj ET Q q 0 0 0 rg BT 298.07 279.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 315.67 279.90 Td ( ) Tj ET Q q 0 0 0 rg BT 317.77 279.90 Td (intends ) Tj ET Q q 0 0 0 rg BT 344.99 279.90 Td (to ) Tj ET Q q 0 0 0 rg BT 353.59 279.90 Td (continue ) Tj ET Q q 0 0 0 rg BT 385.14 279.90 Td (to ) Tj ET Q q 0 0 0 rg BT 393.74 279.90 Td (meet ) Tj ET Q q 0 0 0 rg BT 413.16 279.90 Td (the ) Tj ET Q q 0 0 0 rg BT 426.09 279.90 Td (REIT) Tj ET Q q 0 0 0 rg BT 443.70 279.90 Td ( ) Tj ET Q q 0 0 0 rg BT 445.80 279.90 Td (Conditions ) Tj ET Q q 0 0 0 rg BT 484.70 279.90 Td (and ) Tj ET Q q 0 0 0 rg BT 499.80 279.90 Td (to ) Tj ET Q q 0 0 0 rg BT 508.39 279.90 Td (distribute ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 268.50 Td (all ) Tj ET Q q 0 0 0 rg BT 81.88 268.50 Td (its) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 89.68 268.50 Td ( ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 91.76 268.50 Td (taxable ) Tj ET Q q 0 0 0 rg BT 118.98 268.50 Td (income ) Tj ET Q q 0 0 0 rg BT 146.18 268.50 Td (to ) Tj ET Q q 0 0 0 rg BT 154.77 268.50 Td (its ) Tj ET Q q 0 0 0 rg BT 164.65 268.50 Td (unitholders. ) Tj ET Q q 0 0 0 rg BT 206.60 268.50 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 246.30 268.50 Td (, ) Tj ET Q q 0 0 0 rg BT 250.56 268.50 Td (the ) Tj ET Q q 0 0 0 rg BT 263.48 268.50 Td (REIT) Tj ET Q q 0 0 0 rg BT 281.09 268.50 Td ( ) Tj ET Q q 0 0 0 rg BT 283.17 268.50 Td (has ) Tj ET Q q 0 0 0 rg BT 297.82 268.50 Td (not ) Tj ET Q q 0 0 0 rg BT 310.74 268.50 Td (recognized ) Tj ET Q q 0 0 0 rg BT 350.94 268.50 Td (any ) Tj ET Q q 0 0 0 rg BT 365.59 268.50 Td (deferred ) Tj ET Q q 0 0 0 rg BT 396.70 268.50 Td (income ) Tj ET Q q 0 0 0 rg BT 423.90 268.50 Td (tax ) Tj ET Q q 0 0 0 rg BT 436.38 268.50 Td (assets ) Tj ET Q q 0 0 0 rg BT 460.99 268.50 Td (or ) Tj ET Q q 0 0 0 rg BT 470.01 268.50 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 501.54 268.50 Td (at ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 510.13 268.50 Td (June30, ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 257.10 Td (2017) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 89.33 257.10 Td ( ) Tj ET Q q 0 0 0 rg BT 91.50 257.10 Td (or ) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 100.59 257.10 Td (June30, ) Tj ET Q q 0 0 0 rg BT 132.65 257.10 Td (2016) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 149.98 257.10 Td (.) Tj ET Q endstream endobj 51 0 obj <> endobj 52 0 obj <> stream BT /F3 14.00 Tf ET q 0 0 0 rg BT 72.50 769.35 Td (SLA) Tj ET Q q 0 0 0 rg BT 94.61 769.35 Td (TE OFFICE REIT) Tj ET Q BT /F3 14.00 Tf ET q 0 0 0 rg BT 72.50 752.55 Td (NOTES T) Tj ET Q q 0 0 0 rg BT 122.05 752.55 Td (O THE CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 304.88 752.55 Td (TED INTERIM FINANCIAL) Tj ET Q q 0 0 0 rg BT 443.05 752.55 Td ( ST) Tj ET Q q 0 0 0 rg BT 460.07 752.55 Td (A) Tj ET Q q 0 0 0 rg BT 467.51 752.55 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 740.55 Td (\(all tabular amounts are expressed in thousands of Canadian dollars, unless otherwise noted\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.50 728.55 Td (\(unaudited\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 301.25 42.95 Td (Page 24) Tj ET Q BT /F3 9.50 Tf ET q 0 0 0 rg BT 72.00 686.10 Td (26. ) Tj ET Q q 0 0 0 rg BT 85.00 686.10 Td ( ) Tj ET Q q 0 0 0 rg BT 87.16 686.10 Td ( ) Tj ET Q q 0 0 0 rg BT 89.33 686.10 Td ( ) Tj ET Q q 0 0 0 rg BT 91.50 686.10 Td ( ) Tj ET Q q 0 0 0 rg BT 93.66 686.10 Td ( ) Tj ET Q q 0 0 0 rg BT 95.83 686.10 Td (Supplemental ) Tj ET Q q 0 0 0 rg BT 149.08 686.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 169.00 686.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 186.75 686.10 Td (information) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 72.00 668.70 Td (Changes ) Tj ET Q q 0 0 0 rg BT 105.35 668.70 Td (in ) Tj ET Q q 0 0 0 rg BT 113.58 668.70 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 145.19 668.70 Td (arising ) Tj ET Q q 0 0 0 rg BT 170.30 668.70 Td (from ) Tj ET Q q 0 0 0 rg BT 188.05 668.70 Td (financing ) Tj ET Q q 0 0 0 rg BT 221.40 668.70 Td (activities ) Tj ET Q q 0 0 0 rg BT 253.45 668.70 Td (are ) Tj ET Q q 0 0 0 rg BT 266.87 668.70 Td (as ) Tj ET Q q 0 0 0 rg BT 277.27 668.70 Td (follows:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 658.2 m 114.5 658.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 114.5 658.2 m 167.5 658.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 167.5 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