Core Canadian Dividend Trust [cdd.un] Management’s Responsibility for Financial Reporting The accompanying financial statements of Core Canadian Dividend Trust (the “Fund”) and all the information in this annual report are the responsibility of the management of Mulvihill Capital Management Inc. (the “Manager”), and have been approved by the Fund’s Board of Advisors (the “Board”). The financial statements have been prepared by management in accordance with Canadian generally accepted accounting principles and include certain amounts that are based on estimates and judgments. Management has ensured that the other financial information presented in this annual report is consistent with the financial statements. The significant accounting policies which management believes are appropriate for the Fund are described in Note 3 of the annual financial statements. The Manager is also responsible for maintaining a system of internal controls designed to provide reasonable assurance that assets are safeguarded and that accounting systems provide timely, accurate and reliable financial information. The Board meets periodically with management and the independent auditor to discuss internal controls, the financial reporting process, various auditing and financial reporting issues, and to review the annual report, the financial statements and the independent auditor’s report. Deloitte & Touche LLP has full and unrestricted access to the Board. John P. Mulvihill Director Mulvihill Capital Management Inc. March 2, 2011 John D. Germain Director Mulvihill Capital Management Inc. Annual Report 2010 8