Lanesborough Real Estate Investment Trust V.LRT.UN

Did management not learn from last AGM?

[BobTheKnob2]

WOW, this management team is some sort of special. They really need to go now.

So let me get this straight. Last year, EVERY SINGLE MOTION including directors was REJECTED by unitholders. What did they do? They said to unitholders, these are the best possible candidates for this position, even though they have ALL held the very same positions for over two decades (or since April 23, 2002).

Then this is directly below the sames for those who are being put forward:

Majority Voting Policy
The Board has adopted a majority voting policy pursuant to which, with respect to uncontested Board elections, each nominee who receives more votes withheld than are voted in favour of him or her, will be expected to forthwith submit his or her resignation to the Board, to be effective on its acceptance by the Board. The Board will refer the resignation to the Governance, Compensation and Nominating Committee for consideration. The Board will promptly accept the resignation unless the Governance, Compensation and Nominating Committee recommends to the Board that there are circumstances warranting that such Trustee continue to serve as a Trustee. In any event, it is expected that the resignation will be accepted (or rejected) by the Board within 90 days of the meeting of Unitholders, during which time an alternate Trustee may be appointed.

What NEEDS to happen this time for the vote on June 27th, 2023 is that ALL proposals be DEFEATED by an even larger majority from last year.

Maybe they will GET THE MESSAGE THIS TIME.

[quicksilver545]

Yep, this management is a complete joke Bob. They didn't even publish all of the voting results last time, and refused to change board composition in spite of the unitholders rejecting their nominations. Also there is nothing in the circular about where the company is headed next, or if they are just going to continue to asset-strip it, sell off assets which they use the proceeds from to pay

[Tslayer]

I did not receive my voting documentation.  I always receive their docs by mail.  The vote is on the 27th. Hopefully I receive soon.  Did anyone else have same issue?

[quicksilver545]

Also haven't received my voting materials.  And deadline for proxies is the 19th.

[riverrrow]

I don't believe your vote here counts anyways.  I definitely don't believe the debenture holders voted to exchange their debentures for non-trading common shares.  

[BobTheKnob2]

I also havenot received my voting materials from this amateur management group. Thanks for posting that I also am not alone. This was the same issue that occred with the debenture exchange. There was not enough votes to pass for the first meeting, so they delayed it long enough until they had enough votes to pass. What a bunch of jacka$$e$. I will however use some of the other voting cards for

[alkhor]

From their notice of the meeting: 9 Notice-and-Access:      Registered Shareholders: NO      Beneficial Holders:NO      Stratification Level: Not Applicable Since you are a Registered Shareholder tyhe way I read this is you will not get your voting material. I have no idea what they consider Beneficial Holders.

[BobTheKnob2]

I contacted one of the brokerages that hold some of my shares this morning to get my control number to cote my securities that I hold. My broker was quite efficient and responded back within two hours of my call and was able to provide my control number. This broker uses proxyvotes.com as the platform to votemy securities. When I entered the control numberthat I was given, I encountered this