HALIFAX, Nova Scotia, May 22, 2019 (GLOBE NEWSWIRE) -- Killam Apartment REIT (TSX: KMP.UN) ("Killam") today announced the voting results of matters voted on at its annual meeting of unitholders (the "Meeting"), which was held in Moncton on May 17, 2019. The voting results of each of the matters considered at the Meeting are presented below.
1) Election of Trustees
All candidates proposed in the Management Proxy Circular dated April 9, 2019, were elected as trustees. The voting results of the trustees were as follows:
| Candidate | Votes For | % For | Votes Withheld | % Withheld |
| Timothy R. Banks | 39,208,596 | 67.81% | 18,611,028 | 32.19% |
| Philip D. Fraser | 56,336,322 | 97.43% | 1,483,302 | 2.57% |
| Robert G. Kay | 50,746,898 | 87.77% | 7,072,726 | 12.23% |
| Aldéa M. Landry | 56,428,931 | 97.59% | 1,390,693 | 2.41% |
| James C. Lawley | 34,118,933 | 59.01% | 23,700,691 | 40.99% |
| Arthur G. Lloyd | 51,803,647 | 89.60% | 6,015,977 | 10.40% |
| Karine L. MacIndoe | 57,113,207 | 98.78% | 706,417 | 1.22% |
| Robert G. Richardson | 50,671,318 | 87.64% | 7,148,306 | 12.36% |
| Manfred J. Walt | 56,547,103 | 97.80% | 1,272,521 | 2.20% |
| G. Wayne Watson | 50,277,981 | 86.96% | 7,541,643 | 13.04% |
2) Appointment of Auditors
Ernst & Young LLP was reappointed as the auditors of Killam, to hold office until the next annual meeting of unitholders at remuneration to be fixed by the board of trustees. The voting results for the reappointment of the auditors were as follows:
| Votes For | % For | Votes Withheld | % Withheld | ||
| 56,623,165 | 97.93 | % | 1,196,459 | 2.07 | % |
3) Executive Compensation Advisory Vote
The non-binding advisory say-on-pay resolution on executive compensation was approved. The voting results for the executive compensation advisory vote were as follows:
| Votes For | % For | Votes Against | % Against | ||
| 53,401,249 | 92.36 | % | 4,418,375 | 7.64 | % |
About Killam Apartment REIT
Killam Apartment REIT, based in Halifax, Nova Scotia, is one of Canada's largest residential landlords, owning, operating, managing and developing a $2.8 billion portfolio of apartments and manufactured home communities. Killam’s strategy to enhance value and profitability focuses on three priorities: 1) increasing earnings from existing operations, 2) expanding the portfolio and diversifying geographically through accretive acquisitions, with an emphasis on newer properties, and 3) developing high-quality properties in its core markets.
For information, please contact:
Nancy Alexander, CPA, CA
Senior Director, Investor Relations & Performance Analytics
nalexander@killamreit.com
(902) 442-0374
Note: The Toronto Stock Exchange has neither approved nor disapproved of the information contained herein.