TORONTO, May 20, 2020 (GLOBE NEWSWIRE) — Allied Properties REIT (TSX:AP.UN) (âAlliedâ) announced today the results of matters voted on at its annual and special meeting of unitholders held on May 19, 2020 (the âMeetingâ). The voting results for each of the matters presented at the Meeting are outlined below.
There were 66 unitholders represented in person or by proxy at the Meeting holding 98,488,666 units, representing 80% of Alliedâs total issued and outstanding units.
1. Election of Trustees
Each of the nominees for election as trustees listed in Alliedâs management information circular dated April 14, 2020 were elected as trustees of Allied for the ensuing year or until their successors are elected or appointed. Management received proxies in respect of the election of trustees of Allied as follows:
| Votes For | Votes Withheld | |||
| # | % | # | % | |
| Gerald R. Connor | 83,447,682 | 85.05 | 14,664,837 | 14.95 |
| Lois Cormack | 97,150,285 | 99.02 | 962,234 | 0.98 |
| Gordon R. Cunningham | 84,572,735 | 86.20 | 13,539,784 | 13.80 |
| Michael R. Emory | 93,229,562 | 95.02 | 4,882,957 | 4.98 |
| James Griffiths | 86,399,262 | 88.06 | 11,713,257 | 11.94 |
| Margaret T. Nelligan | 87,358,258 | 89.04 | 10,754,261 | 10.96 |
| Stephen L. Sender | 98,085,643 | 99.97 | 26,876 | 0.03 |
| Peter Sharpe | 96,322,374 | 98.18 | 1,790,145 | 1.82 |
2. Appointment of Auditor
Deloitte LLP, Chartered Professional Accountants, was appointed auditor of Allied until the next annual meeting of unitholders at remuneration to be fixed by the trustees. Management received proxies in respect of the appointment of the auditor of Allied as follows:
| Votes For | Votes Withheld | ||
| # | % | # | % |
| 98,465,206 | 99.98 | 23,460 | 0.02 |
3. Say-on-Pay Advisory Vote
The non-binding advisory âSay-on-Payâ resolution on Alliedâs approach to executive compensation was approved. Management received proxies in respect of the Say-on-Pay resolution as follows:
| Votes For | Votes Against | ||
| # | % | # | % |
| 79,767,453 | 81.30 | 18,345,066 | 18.70 |
Allied is a leading owner, manager and developer of (i) distinctive urban workspace in Canadaâs major cities and (ii) network-dense urban data centres in Toronto that form Canadaâs hub for global connectivity. Alliedâs business is providing knowledge-based organizations with distinctive urban environments for creativity and connectivity.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Michael R. Emory
President and Chief Executive Officer
(416) 977-9002
memory@alliedreit.com
Cecilia C. Williams
Executive Vice President and Chief Financial Officer
(416) 977-9002
cwilliams@alliedreit.com