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EXHIBIT 26.2
SECURITIES AND EXCHANGE COMMISSION
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)______
________________________
SHAWMUT BANK, N.A.
(Exact name of trustee as specified in its charter)
U.S. NATIONAL BANK
(Jurisdiction of incorporation or organization
if not a U.S. national bank)
04-1654298
(I.R.S. employer identification no.)
One Federal Street, Boston, Massachusetts 02211
(Address of trustee's principal executive offices) (Zip code)
Not Applicable
(Name, address and telephone number of agent for service)
________________________
Meditrust
(Exact name of obligor as specified in its charter)
Massachusetts 04-6532031
(State or other jurisdiction (I.R.S. employer
of incorporation or organization) identification no.)
128 Technology Center
Waltham, Massachusetts 02154
(Address of principal executive offices) (Zip code)
DEBT SECURITIES
(Title of the indenture securities)
2
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.
Board of Governors of the Federal Reserve System,
Washington, D.C.
Federal Deposit Insurance Corporation, 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, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, and 15 have been
omitted pursuant to General Instruction B.
Item 16. List of Exhibits.
List below all exhibits filed as part of this statement of
eligibility and qualification.
1.* A copy of the articles of association of the trustee as now in
effect. (See Exhibit 25B, Registration Statement No. 33-5087.)
2.* A copy of the certificate of authority to the trustee to commence
business. (See Exhibit 25B, Registration Statement No. 33-50877.)
3.* A copy of the authorization of the trustee to exercise corporate
trust powers. (See Exhibit 25B, Registration Statement No.
33-50877.)
4.* A copy of the bylaws of the trustee as now in effect. (See Exhibit
25B, Registration Statement No. 33-50877.)
5. Not applicable.
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6. Consent of the trustee required by Section 321 (b) of the Trust Indenture
Act of 1939.
7. A copy of the latest report of condition of the trustee published pursuant
to law or the requirements of its supervising or examining authority.
* The Exhibits thus designated are incorporated herein by reference.
Following the description of such Exhibits is a reference to the copy of the
Exhibit heretofore filed with the Securities and Exchange Commission, to which
there have been no amendments or changes.
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NOTES
1. Inasmuch as this Form T-1 is filed prior to the ascertainment by the
trustee of all facts on which to base responsive answers to Item 2, the answers
to said Item is based on incomplete information.
2. Item 2 may, however, be considered as correct unless amended by an
amendment to this Form T-1.
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SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, the trustee,
Shawmut Bank, N.A., a national banking association incorporated and existing
under the laws of the United States, has duly caused this statement of
eligibility to be signed on its behalf by the undersigned, thereunto duly
authorized all in the City of Boston, and Commonwealth of Massachusetts on the
3rd day of March, 1994.
SHAWMUT BANK, N.A.
By: /s/ Jill Olson
--------------------------------
Name: Jill Olson
Title: Assistant Vice President
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EXHIBIT 6
CONSENT OF TRUSTEE
Pursuant to the requirements of Section 321 (b) of the Trust Indenture Act
of 1939 in connection with the DEBT SECURITIES of MEDITRUST, Shawmut Bank, N.A.
hereby consents that reports of examinations of federal, state, territorial or
district authorities may be furnished by such authorities to the Securities and
Exchange Commission upon request therefor.
SHAWMUT BANK, N.A.
By: /s/ Jill Olson
--------------------------------
Name: Jill Olson
Title: Assistant Vice President
Dated: March 3, 1994
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EXHIBIT 7
REPORT OF CONDITION
CONSOLIDATED REPORT OF CONDITION FOR INSURED COMMERCIAL AND STATE-CHARTERED
SAVINGS BANKS FOR DECEMBER 31, 1993
All schedules are to be reported in thousands of dollars. Unless otherwise
indicated, report the amount outstanding as of the last business day of the
quarter.
Schedule RC -- Balance Sheet C400
Dollar Amounts in Thousands RCFD Bil Mil Thou
//////////////////////////
ASSETS //////////////////////////
1. Cash and balances due from depository institutions (from //////////////////////////
Schedule RC-A): //////////////////////////
a. Noninterest-bearing balances and currency and coin (1) . . . . . . . . . 0081 800,417 1.a.
b. Interest-bearing balances (2) . . . . . . . . . . . . . . . . . . . . . . 0071 21 1.b.
2. Securities (from Schedule RC-B) . . . . . . . . . . . . . . . . . . . . . . 0390 3,918,585 2.
3. Federal funds sold and securities purchased under agreements to //////////////////////////
resell in domestic offices of the bank and of its Edge and //////////////////////////
Agreement subsidiaries, and in IBFs: //////////////////////////
a. Federal funds sold . . . . . . . . . . . . . . . . . . . . . . . . . . . 0276 67,500 3.a.
b. Securities purchased under agreements to resell . . . . . . . . . . . . . 0277 25,000 3.b.
4. Loans and Lease financing receivables: //////////////////////////
a. Loans and Leases, net of unearned RCFD 2122 7,611,931
income (from Schedule RC-C) //////////////////////////
b. LESS: Allowance for Loan and Lease RCFD 3123 282,100
Losses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . //////////////////////////
c. LESS: Allocated transfer risk RCFD 3128 0
reserve . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . //////////////////////////
d. Loans and Leases, net of unearned income, //////////////////////////
allowance, and reserve (item 4.a minus 4.b and 4.c) . . . . . . . . . . . 2125 7,329,831 4.d.
5. Assets held in trading accounts . . . . . . . . . . . . . . . . . . . . . . 2146 19,625 5.
6. Premises and fixed assets (including capitalized Leases) . . . . . . . . . . 2145 111,656 6.
7. Other real estate owned (from Schedule RC-M) . . . . . . . . . . . . . . . . 2150 19,723 7.
8. Investments in unconsolidated subsidiaries and associated //////////////////////////
companies (from Schedule RC-M) . . . . . . . . . . . . . . . . . . . . . . . 2130 0 8.
9. Customers' Liability to this bank on acceptances outstanding . . . . . . . . 2155 24,187 9.
10.Intangible assets (from Schedule RC-M) . . . . . . . . . . . . . . . . . . . 2143 26,479 10.
11.Other assets (from Schedule RC-F) . . . . . . . . . . . . . . . . . . . . . 2160 541,324 11.
12.Total assets (sum of items 1 through 11) . . . . . . . . . . . . . . . . . . 2170 12,884,366 12.
_______________
(1) Includes cash items in process of collection and unposed debit .
(2) Includes time certificates of deposit not held in trading accounts.
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SCHEDULE RC--CONTINUED
Dollar Amounts in Thousands Bil Mil Thou
LIABILITIES /////////////////////////
13. Deposits: /////////////////////////
a.In domestic offices (sum of totals of columns A & C from Schedule
RC-E, part 1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . RCON 2200 7,225,268 13.a
(1) Noninterest-bearing(1) . . . . . . . . . . . . . . . . . . . . . . . . . RCON 6631 2,012,059 13.a(1)
(2) Interest-bearing . . . . . . . . . . . . . . . . . . . . . . . . . . . . RCON 6636 5,213,209 13.a(2)
b.In foreign offices, Edge and Apartment subsidiaries, and IBFs /////////////////////////
(from Schedule RC-E, part II) . . . . . . . . . . . . . . . . . . . . . . . . RCFN 2200 260,476 13.b
(1) Noninterest-bearing . . . . . . . . . . . . . . . . . . . . . . . . . . . RCFN 6631 0 260,476 13.b(1)
(2) Interest-bearing . . . . . . . . . . . . . . . . . . . . . . . . . . . . RCFN 6636 260,476 13.b(2)
14. Federal funds purchased and securities sold under agreements to /////////////////////////
repurchase in domestic offices of the bank and of its Edge and /////////////////////////
Agreement subsidiaries, and in IBFs: /////////////////////////
(a) Federal funds purchased . . . . . . . . . . . . . . . . . . . . . . . . RCFD 0278 1,174,490 14.a
(b) Securities sold under agreement to repurchase . . . . . . . . . . . . . RCFD 0279 1,741,407 14.b
15. Demand notes issued to the U.S. Treasury . . . . . . . . . . . . . . . . . RCON 2840 199,997 15.
16. Other borrowed money . . . . . . . . . . . . . . . . . . . . . . . . . . . RCFD 2850 1,144,323 16.
17. Mortgage indebtedness & obligations under capitalized leases . . . . . . . RCFD 2910 0 17.
18. Bank's liability on acceptance executed and outstanding . . . . . . . . . . RCFD 2920 24,187 18.
19. Subordinated notes and debentures . . . . . . . . . . . . . . . . . . . . . RCFD 3200 39,680 19.
20. Other liabilities (from Schedule RC-G) . . . . . . . . . . . . . . . . . . RCFD 2930 89,944 20.
21. Total liabilities (sum of items 13 through 20) . . . . . . . . . . . . . . RCFD 2948 11,899,772 21.
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22. Limited-Life preferred stock and related surplus . . . . . . . . . . . . . RCFD 3282 0 22.
EQUITY CAPITAL /////////////////////////
23. Perpetual preferred stock and related surplus . . . . . . . . . . . . . . . RCFD 3838 0 23.
24. Common stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . RCFD 3230 14,476 24.
25. Surplus (exclude all surplus related to preferred stock) . . . . . . . . . RCFD 3839 500,558 25.
26. a. Undivided profits and capital reserves . . . . . . . . . . . . . . . . RCFD 3632 460,051 26.a.
b. LESS: Net unrealized loss on marketable equity securities . . . . . . . RCFD 0297 (9,509) 26.b.
27. Cumulative foreign currency translation adjustments . . . . . . . . . . . . RCFD 3284 0 27.
28. Total equity capital (sum of items 23 through 27) . . . . . . . . . . . . . RCFD 3210 984,594 28.
29. Total liabilities, limited-life preferred stock, and equity /////////////////////////
capital (sum of items 21, 22 and 28) . . . . . . . . . . . . . . . . . . . RCFD 3300 12,884,366 29.
Memorandum
To be reported only with the March Report of Condition.
1. Indicate in the box at the right the number of the statement below that
best describes the most comprehensive level of auditing work performed for
the bank by independent external Number auditors as of any date during 1992
RCFD 6724 N/A M.1
1 = Independent audit of the bank conducted in peformed by accordance with
generally accepted auditing standards by a certified public accounting firm
which submits a report on the bank
2 = Independent audit of the bank's parent holding company conducted in
accordance with generally statements accepted auditing standards by a certified
public accounting firm which submits a report on the consolidated holding
company (but not on the bank separately)
4 = Directors' examination of the bank external auditors (may be required by
state chartering authority)
5 = Review of the bank's financial statements by external auditors
6 = Compilation of the bank's financial by external auditors
7 = Other audit procedures (excluding tax preparation work)
8 = No external audit work
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3 = Directors' examination of the bank conducted in accordance with generally
accepted auditing standards by a certified public accounting firm (may be
required by state chartering authority)
(1) Includes total demand deposits and noninterest-bearing time and saving
deposits.
I, Romolo C. Santarosa, Senior Vice President & Controller of the
above-named bank, do hereby declare that this Report of Condition has been
prepared in conformance with the instructions issued by the appropriate Federal
regulatory authority and is true and correct to the best of my knowledge and
belief.
Romolo C. Santarosa
We, the undersigned directors, attest to the correctness of this
Report of Condition and declare that it has been examined by us and to the best
of our knowledge and belief has been prepared in conformance with the
instructions issued by the appropriate Federal regulatory authority and is true
and correct.
Joel B. Alvord
David L. Eyles
Gunnar S. Overstrom
11188
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