TORONTO, ONTARIO--(Marketwired - May 16, 2014) - Canadian Real Estate Investment Trust ("CREIT") (TSX:REF.UN) today announced the results of matters voted on at its annual and special Unitholders' meeting held on May 15, 2014 (the "Meeting"). The voting results for each of the matters presented at the Meeting are outlined below.
The total number of units of the Trust ("Units") represented by holders present in person or by proxy at the Meeting was 49,944,215 representing 72.35% of CREIT's total issued and outstanding Units.
1. Election of Trustees
The eight nominees for election as trustees of CREIT referred to in CREIT's management information circular dated March 26, 2014 were elected as trustees of CREIT to hold office until the next annual meeting of Unitholders or until their successors are elected or appointed, subject to the provisions of CREIT's Declaration of Trust.
Proxies were received on this matter for Units as follows:
Name | Votes For | % | Votes Withheld | % |
Deborah J. Barrett | 49,827,031 | 99.93 | 36,856 | 0.07 |
John A. Brough | 49,823,127 | 99.92 | 40,760 | 0.08 |
Anthony S. Fell | 49,817,310 | 99.91 | 46,577 | 0.09 |
James D. Fisher | 49,824,396 | 99.92 | 39,491 | 0.08 |
Brian M. Flood | 49,816,486 | 99.90 | 47,401 | 0.10 |
Andrew L. Hoffman | 49,823,619 | 99.92 | 40,268 | 0.08 |
Stephen E. Johnson | 49,839,489 | 99.95 | 24,398 | 0.05 |
W. Reay Mackay | 49,818,558 | 99.91 | 45,329 | 0.09 |
2. Appointment of Auditors
Deloitte LLP, Chartered Accountants, was re-appointed as auditor of the Trust to hold office until the next annual meeting of Unitholders at a remuneration to be fixed by CREIT's Board of Trustees.
Proxies for Units were received on this matter as follows:
Votes For | % | Votes Withheld | % |
49,227,216 | 98.63 | 681,646 | 1.37 |
3. Special Business - Amendments to the Declaration of Trust
A. The resolution approving amendments to the Declaration of Trust to implement an advance notice policy was passed. Proxies for Units were received on this matter as follows:
Votes For | % | Votes Against | % |
49,791,320 | 99.85 | 72,567 | 0.15 |
B. The resolution approving amendments to the Declaration of Trust to permit the issuance of special voting units of the Trust was passed. Proxies for Units were received on this matter as follows:
Votes For | % | Votes Against | % |
36,999,294 | 74.20 | 12,864,593 | 25.80 |
C. The resolution approving amendments to the Declaration of Trust to address changes in accounting standards was passed. Proxies for Units were received on this matter as follows:
Votes For | % | Votes Against | % |
49,775,010 | 99.82 | 88,877 | 0.18 |
4. Special Business - Reconfirmation of and Amendments to the Unitholder Rights Plan Agreement
A. The resolution reconfirming the Trust's Unitholder Rights Plan Agreement was passed. Proxies for Units were received on this matter as follows:
Votes For | % | Votes Against | % |
48,738,560 | 97.74 | 1,125,327 | 2.26 |
B. The resolution approving amendments to the Unitholders Rights Plan Agreement was passed. Proxies for Units were received on this matter as follows:
Votes For | % | Votes Against | % |
48,731,491 | 97.73 | 1,132,396 | 2.27 |
CREIT is a real estate investment trust focused on accumulating and aggressively managing a portfolio of high-quality real estate assets and delivering the benefits of real estate ownership to Unitholders. The primary benefit is a reliable and, over time, increasing monthly cash distribution. CREIT owns a diversified portfolio of retail, office and industrial properties.
Contact Information:
Judith Somerville
Trust Secretary
416-628-7783
jsomerville@creit.ca
Canadian Real Estate Investment Trust
Rael Diamond
Chief Financial Officer
416-628-7861
rdiamond@creit.ca
www.creit.ca