EX-25.1 5 l22905aexv25w1.htm EX-25.1 EX-25.1
 

Exhibit 25.1
 
 
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM T-1
STATEMENT OF ELIGIBILITY UNDER
THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE
Check if an Application to Determine Eligibility of
a Trustee Pursuant to Section 305(b)(2)___
 
U.S. BANK TRUST NATIONAL ASSOCIATION
(Exact name of Trustee as specified in its charter)
41-1973763
I.R.S. Employer Identification No.
     
300 East Delaware Avenue, 8th Floor
Wilmington, Delaware
(Address of principal executive offices) 		  19801
(Zip Code)
Thomas E. Tabor
U.S. Bank Trust National Association
100 Wall Street, Suite 1600
New York, NY 10005
Telephone (212) 361-6184
(Name, address and telephone number of agent for service)
Developers Diversified Realty Corporation
(Exact name of obligor as specified in its charter)
     
Ohio
(State or other jurisdiction of
incorporation or organization) 		  34-1723097
(I. R. S. Employer
Identification No.)
     
3300 Enterprise Parkway
Beachwood, OH
(Address of principal executive offices) 		  44122
(Zip Code)
 
3.50% Convertible Senior Notes due August 15, 2011
 
 

 

 

FORM T-1
    Item 1. GENERAL INFORMATION. Furnish the following information as to the Trustee.
  a)   Name and address of each examining or supervising authority to which it is subject.
                           Comptroller of the Currency
                           Washington, D.C.
  b)   Whether it is authorized to exercise corporate trust powers.
                         Yes
Item 2.   AFFILIATIONS WITH OBLIGOR. If the obligor is an affiliate of the Trustee, describe each such affiliation.
 
    None
Items 3-15   The Trustee is a Trustee under other Indentures under which securities issued by the obligor are outstanding. There is not and there has not been a default with respect to the securities outstanding under other such Indentures.
Item 16.   LIST OF EXHIBITS: List below all exhibits filed as a part of this statement of eligibility and qualification.
  1.   A copy of the Articles of Association of the Trustee now in effect, incorporated herein by reference to Exhibit 1 of Form T-1, Document 6 of Registration No. 333-84320.
 
  2.   A copy of the certificate of authority of the Trustee to commence business, incorporated herein by reference to Exhibit 2 of Form T-1, Document 6 of Registration No. 333-84320.
 
  3.   A copy of the certificate of authority of the Trustee to exercise corporate trust powers, incorporated herein by reference to Exhibit 3 of Form T-1, Document 6 of Registration No. 333-84320.
 
  4.   A copy of the existing bylaws of the Trustee, as now in effect, incorporated herein by reference to Exhibit 4 of Form T-1, Document 6 of Registration No. 333-113995.
 
  5.   Not applicable.
 
  6.   The consent of the Trustee required by Section 321(b) of the Trust Indenture Act of 1939, incorporated herein by reference to Exhibit 6 of Form T-1, Document 6 of Registration No. 333-84320.
 
  7.   Report of Condition of the Trustee as of June 30, 2006, published pursuant to law or the requirements of its supervising or examining authority, attached as Exhibit 7.
 
  8.   Not applicable.
 
  9.   Not applicable.

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SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the Trustee, U.S. BANK TRUST NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility and qualification to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of New York, State of New York on the 1st day of November, 2006.
         
  U.S. BANK TRUST NATIONAL ASSOCIATION
 		  
  By:   /s/ Thomas E. Tabor    
  Name:   Thomas E. Tabor   
  Title:   Vice President   

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Exhibit 7
U.S. Bank Trust National Association
Statement of Financial Condition
As of June 30, 2006
($000’s)
         
    6/30/2006  
Assets
        
Cash and Balances Due From Depository Institutions
   $ 436,320  
Fixed Assets
     91  
Intangible Assets
     86,586  
Other Assets
     33,186  
 
      
Total Assets
   $ 556,183  
 
        
Liabilities
        
Other Liabilities
   $ 16,202  
 
      
Total Liabilities
   $ 16,202  
 
        
Equity
        
Common and Preferred Stock
   $ 1,000  
Surplus
     505,932  
Undivided Profits
     33,049  
 
      
Total Equity Capital
   $ 539,981  
 
        
Total Liabilities and Equity Capital
   $ 556,183  
To the best of the undersigned’s determination, as of this date the above financial information is true and correct.
U.S. Bank Trust National Association
         
By:
  /s/ Thomas E. Tabor
 
Name: Thomas E. Tabor 		   
 
  Title: Vice President    
Date: November 1, 2006

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