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Inovalis Real Estate Investment Trust Announces Voting Results from the 2018 Annual and Special Meeting

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TORONTO, May 11, 2018 /CNW/ – Inovalis Real Estate Investment Trust (the “REIT”) (TSX: INO.UN)  

Inovalis REIT announced today that each of the trustee nominees listed in the management information circular of the REIT dated April 9, 2018 were elected as trustees of the REIT at the annual and special meeting of unitholders held on May 9, 2018 (the “A&SM”).  Voting results for the individual trustees of the REIT are as follows:

Number of
Units Voted
For

Percentage of
Units Voted
For

Number of Units
Withheld from
Voting

Percentage
of Units
Withheld
from Voting

Daniel Argiros

11,562,550

99.88%

14,077

0.12%

Jean-Daniel Cohen

10,968,028

94.74%

608,599

5.26%

Richard Dansereau

10,585,382

91.44%

991,245

8.56%

Jo-Ann Lempert

10,583,338

91.42%

993,289

8.58%

Michael Lagopoulos

11,562,627

99.88%

14,000

0.12%

Marc Manasterski

10,016,088

86.52%

1,560,539

13.48%

Robert J. Picard

11,561,650

99.87%

14,977

0.13%

 

The resolution to re-appoint EY, LLP as the auditors of the REIT for the ensuing year and authorizing the trustees to fix the remuneration to be paid to the auditors was approved by 99.89% of the votes, and the resolution to approve the issuance of up to 3,500,000 Units of the REIT pursuant to the Unit Based Compensation Plan as potential payment of Asset Management Fees payable pursuant to the Management Agreement was approved by 58.4% of the votes.

ABOUT INOVALIS REAL ESTATE INVESTMENT TRUST

Inovalis Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT has been created for the purpose of acquiring and owning office properties primarily located in France and Germany but also opportunistically in other European countries where assets meet the REIT’s investment criteria.

SOURCE Inovalis Real Estate Investment Trust

View original content: http://www.newswire.ca/en/releases/archive/May2018/11/c6039.html