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TORONTO, June 8, 2016 /CNW/ – Automotive Properties Real Estate Investment Trust (TSX: APR.UN) (the “Trust”) today announced the results of voting at its annual and special meeting of unitholders held earlier today (the “Meeting”). Each of the matters voted upon at the Meeting as set out below is described in greater detail in the Notice of Annual and Special Meeting of Unitholders and Management Information Circular of the Trust dated May 5, 2016.
Election of Trustees
The Trust’s existing five trustees were re-elected at the Meeting by a resolution passed by a majority of the unitholders present or represented by proxy at the Meeting, to hold office until the next annual meeting following their election or until their successors are elected or appointed. The results of the vote are detailed below:
Trust Units
|
Nominee |
Votes For |
% Votes For |
Votes Withheld |
% Votes Withheld |
|
Kapil Dilawri |
5,106,189 |
99.97% |
1,400 |
0.03% |
|
Janet Graham |
5,106,589 |
99.98% |
1,000 |
0.02% |
|
Stuart Lazier |
5,107,589 |
100% |
Nil |
Nil |
|
James Matthews |
5,107,589 |
100% |
Nil |
Nil |
|
John Morrison |
5,107,589 |
100% |
Nil |
Nil |
Class B Limited Partnership Special Voting Units
|
Nominee |
Votes For |
% Votes For |
Votes Withheld |
% Votes Withheld |
|
Kapil Dilawri |
9,933,253 |
100% |
Nil |
Nil |
|
Janet Graham |
9,933,253 |
100% |
Nil |
Nil |
|
Stuart Lazier |
9,933,253 |
100% |
Nil |
Nil |
|
James Matthews |
9,933,253 |
100% |
Nil |
Nil |
|
John Morrison |
9,933,253 |
100% |
Nil |
Nil |
Appointment of Auditors
BDO Canada LLP was reappointed as auditors of the Trust and the trustees were authorized to fix their remuneration by a resolution passed by a majority of the unitholders present or represented by proxy at the Meeting. The results of the vote are detailed below:
Trust Units
|
Votes For |
% Votes For |
Votes Withheld |
% Votes Withheld |
|
5,106,989 |
99.99% |
600 |
0.01% |
Class B Limited Partnership Special Voting Units
|
Votes For |
% Votes For |
Votes Withheld |
% Votes Withheld |
|
9,933,253 |
100% |
Nil |
Nil |
Equity Incentive Plan
The adoption of the Trust’s equity incentive plan was approved by a resolution passed by a majority of the unitholders present or represented by proxy at the Meeting. The results of the vote are detailed below:
Trust Units
|
Votes For |
% Votes For |
Votes Against |
% Votes Against |
|
4,549,849 |
89.08% |
557,740 |
10.92% |
Class B Limited Partnership Special Voting Units
|
Votes For |
% Votes For |
Votes Against |
% Votes Against |
|
9,933,253 |
100% |
Nil |
Nil |
About Automotive Properties REIT
Automotive Properties REIT is an unincorporated, open-ended real estate investment trust focused on owning and acquiring primarily income-producing automotive dealership properties located in Canada. The REIT’s portfolio of 29 income producing commercial properties represents approximately 1.1 million square feet of gross leasable area in Ontario, Saskatchewan, Alberta, British Columbia and Québec. Automotive Properties REIT is the only public vehicle in Canada focused on consolidating automotive dealership real estate properties. For more information, please visit: www.automotivepropertiesreit.ca
SOURCE Automotive Properties Real Estate Investment Trust
