TORONTO, June 02, 2022 (GLOBE NEWSWIRE) -- European Residential Real Estate Investment Trust (TSX: ERE.UN) (“ERES”) announced today that, at its Annual and Special Meeting of Unitholders held today, each of the items of business referred to in its management information circular dated April 13, 2022 (the “Circular”) were passed by a vote held by ballot.
A total of 197,941,194 units representing 85.47% of ERES’ issued and outstanding units (on a non-diluted basis but including units issuable in exchange of the issued and outstanding class B limited partnership units of ERES Limited Partnership) were voted in connection with the meeting. The voting results for each item of business are as follows:
Election of Trustees:
| Nominee | Votes For | % Votes For | Votes Withheld | % Votes Withheld |
| Jan Arie Breure | 197,440,335 | 99.79% | 418,639 | 0.21% |
| Harold Burke | 197,278,443 | 99.71% | 580,531 | 0.29% |
| Phillip Burns | 189,002,818 | 95.52% | 8,856,156 | 4.48% |
| Gina Parvaneh Cody | 197,274,634 | 99.71% | 584,340 | 0.29% |
| Ira Gluskin | 196,909,711 | 99.52% | 949,263 | 0.48% |
| Michael Stein | 181,261,551 | 91.61% | 16,597,423 | 8.39% |
All nominees proposed in the Circular were elected as trustees.
Re-appointment of Auditors
| Votes For | % Votes For | Votes Withheld | % Votes Withheld | |
| PricewaterhouseCoopers, LLP, Chartered Accountants | 197,867,713 | 99.96% | 73,481 | 0.04% |
Approval of Restricted Unit Rights Plan
| Votes For | % Votes For | Votes Against | % Votes Against | |
| Approval of Restricted Unit Rights Plan | 176,445,794 | 89.18% | 21,413,180 | 10.82% |
About ERES
ERES is an unincorporated, open-ended real estate investment trust. ERES’s Units are listed on the TSX under the symbol ERE.UN. ERES is Canada’s only European-focused, multi-residential REIT, with a current initial focus on investing in high-quality, multi-residential real estate properties in the Netherlands. ERES owns a portfolio of 158 multi-residential properties, comprised of 6,901 suites and ancillary retail space located in the Netherlands, and owns one office property in Germany and one office property in Belgium.
ERES’s registered and principal business office is located at 11 Church Street, Suite 401, Toronto, Ontario M5E 1W1.
For more information, please visit our website at www.eresreit.com.
For further information:
| ERES Mr. Phillip Burns Chief Executive Officer 416.354.0167 p.burns@eresreit.com | ERES Mr. Stephen Co Chief Financial Officer 416.306.3009 s.co@eresreit.com |
