BARRIE, ONTARIO--(Marketwired - June 18, 2015) - Partners Real Estate Investment Trust (the "REIT," or "Partners") (TSX:PAR.UN) is pleased to announce the results of voting conducted on June 17, 2015, at the REIT's Annual General Meeting of Unitholders. All matters passed, including the election of all proposed Trustees.
"We are very satisfied with the results of voting at today's Annual General Meeting," stated Jane Domenico, the REIT's acting CEO. "Partners has undergone a transformation over the past year, and there is no better evidence of the progress the REIT has made than the quality of our new Trustees and the commensurate improvement of our corporate governance. We look forward to the benefit of their counsel."
A summary of Trustee voting results is presented below:
| Director | Votes For | % Votes For | Votes Withheld | % Withheld | ||||
| Marc Charlebois | 5,097,114 | 98.04 | 102,160 | 1.96 | ||||
| Dexter D.S. John | 4,946,940 | 95.15 | 252,334 | 4.85 | ||||
| Allan Kimberley | 5,161,742 | 99.28 | 37,532 | 0.72 | ||||
| Simon Nyilassy | 5,013,742 | 96.43 | 185,532 | 3.57 | ||||
| C. Ian Ross | 5,004,522 | 96.25 | 194,752 | 3.75 |
Additional matters subject to vote were as follows:
| Votes For | % Votes For | Votes Withheld | % Withheld | |||||
| Appointment of Auditors | 5,275,932 | 99.48 | 27,511 | 0.52 | ||||
| Procedures regarding the Nomination of Trustees for Election | 5,000,446 | 96.18 | 198,828 | 3.82 | ||||
| Unallocated Entitlements under the REIT's Second Amended and Restated Unit Option Plan | 4,569,746 | 87.89 | 629,528 | 12.11 | ||||
| Ratify and Approve the Deferred Unit Plan | 4,797,134 | 92.27 | 402,140 | 7.73 |
About Partners REIT
Partners REIT is a growth-oriented real estate investment trust focused on the expansion and management of a portfolio of 36 retail and mixed-use community and neighbourhood shopping centres. These properties are located in both primary and secondary markets across British Columbia, Alberta, Manitoba, Ontario, and Quebec, and comprise a total of approximately 2.5 million square feet of leasable space.
Disclaimer
Certain statements included in this press release constitute forward-looking statements, including, but not limited to, those identified by the expressions "expect," "will" and similar expressions to the extent they relate to Partners REIT. The forward- looking statements are not historical facts but reflect Partners REIT's current expectations regarding future results or events. These forward looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including access to capital, regulatory approvals, intended acquisitions and general economic and industry conditions. Although Partners REIT believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein.
Contact Information:
Investor Relations
(705) 725-6020 ext. 401
investor.relations@partnersreit.com
Renmark Financial Communications Inc.
Barry Mire
(514) 939-3989 or (416) 644-2020
bmire@renmarkfinancial.com
Renmark Financial Communications Inc.
Robert Thaemlitz
(514) 939-3989 or (416) 644-2020
rthaemlitz@renmarkfinancial.com
www.renmarkfinancial.com