Ascott Residence Trust - Annual Report 2014 - page 219

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This Annual Report to Unitholders may contain forward-looking statements. Forward-looking statement is subject to inherent uncertainties and is based on
numerous assumptions. Actual performance, outcomes and results may differ materially from those expressed in forward-looking statements. Representative
examples of factors which may cause the actual performance, outcomes and results to differ materially from those in the forward-looking statements include
(without limitation) changes in general industry and economic conditions, interest rate trends, cost of capital and capital availability, availability of real estate
investment opportunities, competition from other companies, shifts in customers’ demands, changes in operating conditions, including employee wages,
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future business. You are cautioned not to place undue reliance on these forward-looking statements, which are based on the current views of management on
future events.
All rights are reserved.
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