InterRent Announces Voting Results from the 2017 Annual Meeting
OTTAWA, ONTARIO--(Marketwired - June 20, 2017) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED
STATES
InterRent Real Estate Investment Trust (TSX:IIP.UN) (the "REIT") is pleased to announce the voting results from its
2017 Annual Meeting (the "Meeting") of unitholders held in Ottawa on June 19, 2017. Each of the matters voted upon at the Meeting
is discussed in detail in the REIT's management information circular dated May 5, 2017 (the "Information Circular") and is
available on the REIT's website at www.interrentreit.com/MIC2017. A total of 55,531,242 units representing approximately
67% of the REIT's issued and outstanding units were voted in person and by proxy in connection with the Meeting. The voting
results for each matter presented at the Meeting are provided below:
The following nominees listed in the Information Circular were elected as trustees of the REIT until the next
annual meeting of the unitholders or until their successors are elected or appointed, and the voting results are as follows:
Nominee
|
Votes
in Favour
|
Percentage
of Votes
Cast |
Votes
Withheld |
Votes Withheld
as a
Percentage
of Votes Cast |
Paul Amirault |
54,946,867 |
99.97 |
16,596 |
0.03 |
Paul Bouzanis |
45,119,486 |
82.09 |
9,843,977 |
17.91 |
Ronald Leslie |
54,943,367 |
99.96 |
20,096 |
0.04 |
Mike McGahan |
54,944,867 |
99.97 |
18,596 |
0.03 |
Cheryl Pangborn |
54,941,267 |
99.96 |
22,196 |
0.04 |
Victor Stone |
54,757,783 |
99.63 |
205,608 |
0.37 |
|
2. |
Appointment of Auditors |
Collins Barrow Toronto LLP were appointed as auditors of the REIT until the next annual meeting of the unitholders
at remuneration to be fixed by the trustees, and the voting results are as follows:
Votes in Favour |
Percentage of |
Votes Withheld |
Votes Withheld as a |
|
Votes Cast |
|
Percentage of Votes Cast |
|
54,994,082 |
99.94 |
31,996 |
0.06 |
|
3. |
Election of Trustees of InterRent Trust |
The nominees listed in the Information Circular were elected as trustees of InterRent Trust until the next annual
meeting of the unitholders or until their successors are elected or appointed, and the voting results are as follows:
Votes in Favour |
Percentage of |
Votes Against |
Votes Against as a |
|
Votes Cast |
|
Percentage of Votes Cast |
53,320,656 |
97.01 |
1,642,807 |
2.99 |
|
|
|
|
4. |
Election of Directors of InterRent Holdings General Partner Limited |
The nominees listed in the Information Circular were elected as directors of InterRent Holdings General Partner
Limited until the next annual meeting of the unitholders or until their successors are elected or appointed, and the voting
results are as follows:
Votes in Favour |
Percentage of |
Votes Against |
Votes Against as a |
|
Votes Cast |
|
Percentage of Votes Cast |
53,320,656 |
97.01 |
1,642,807 |
2.99 |
About InterRent
InterRent REIT is a growth-oriented real estate investment trust engaged in increasing Unitholder value and
creating a growing and sustainable distribution through the acquisition and ownership of multi- residential properties.
InterRent's strategy is to expand its portfolio primarily within markets that have exhibited stable market
vacancies, sufficient suites available to attain the critical mass necessary to implement an efficient portfolio management
structure and, offer opportunities for accretive acquisitions.
InterRent's primary objective is to use the proven industry experience of the Trustees, Management and Operational
Team to: (i) provide Unitholders with stable and growing cash distributions from investments in a diversified portfolio of
multi-residential properties; (ii) enhance the value of the assets and maximize long-term Unit value through the active
management of such assets; and (iii) expand the asset base and increase Distributable Income through accretive acquisitions.
Website: www.interrentreit.com
The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this
release.