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TORONTO, June 20, 2017 /CNW/ – Automotive Properties Real Estate Investment Trust (TSX: APR.UN) (the “Trust”) today announced the results of voting at its annual 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 Meeting of Unitholders and Management Information Circular of the Trust dated May 15, 2017.
The total number of units and special voting units represented by holders by proxy at the Meeting was 17,956,761, representing 68.67% of the Trust’s outstanding units and special voting units entitled to be voted.
Election of Trustees
All of the nominees listed in the management information circular prepared in connection with the Meeting were elected as trustees 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 without a ballot being conducted. The following represents the proxies received with regard to such matter:
Trust Units
|
Nominee |
Votes For |
% Votes For |
Votes Withheld |
% Votes Withheld |
|
Kapil Dilawri |
8,014,025 |
99.88% |
9,483 |
0.12% |
|
Louis Forbes |
8,014,065 |
99.88% |
9,443 |
0.12% |
|
Stuart Lazier |
7,550,329 |
94.10% |
473,179 |
5.90% |
|
James Matthews |
8,014,325 |
99.89% |
9,183 |
0.11% |
|
John Morrison |
7,550,329 |
94.10% |
473,179 |
5.90% |
Class B Limited Partnership Special Voting Units
|
Nominee |
Votes For |
% Votes For |
Votes Withheld |
% Votes Withheld |
|
Kapil Dilawri |
9,933,253 |
100% |
Nil |
Nil |
|
Louis Forbes |
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 auditor of the Trust and the trustees were authorized to fix the auditor’s remuneration by a resolution passed by a majority of the unitholders present or represented by proxy at the Meeting without a ballot being conducted. The following represents the proxies received with regard to such matter:
Trust Units
|
Votes For |
% Votes For |
Votes Withheld |
% Votes Withheld |
|
8,016,919 |
99.92% |
6,589 |
0.08% |
Class B Limited Partnership Special Voting Units
|
Votes For |
% Votes For |
Votes Withheld |
% Votes Withheld |
|
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 35 income producing commercial properties represents approximately 1.4 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
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