TORONTO, June 01, 2023 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN) (“CAPREIT”) announced today that, at its Annual General Meeting of Unitholders held today (the “Meeting”), each of the items of business referred to in its management information circular dated April 12, 2023 (the “Circular”) were passed by a vote held by ballot.
A total of 114,028,175 units and special voting units of CAPREIT (collectively, “Units”), in the aggregate, representing 68.06% of CAPREIT’s issued and outstanding Units were voted in connection with the Meeting. The voting results for each item of business are as follows:
Election of Trustees:
All nominees proposed in the Circular were elected as trustees.
| Nominee | Votes For |
% Votes For |
Votes Withheld |
% Votes Withheld |
| Lori-Ann Beausoleil | 111,687,719 | 98.41% | 1,802,741 | 1.59% |
| Harold Burke | 107,931,460 | 95.10% | 5,559,000 | 4.90% |
| Gina Parvaneh Cody | 108,070,889 | 95.22% | 5,419,571 | 4.78% |
| Mark Kenney | 112,515,828 | 99.14% | 974,632 | 0.86% |
| Gervais Levasseur | 113,238,335 | 99.78% | 252,125 | 0.22% |
| Ken Silver | 113,299,194 | 99.83% | 191,266 | 0.17% |
| Jennifer Stoddart | 112,943,850 | 99.52% | 546,610 | 0.48% |
| Elaine Todres | 109,523,554 | 96.50% | 3,966,906 | 3.50% |
| René Tremblay | 110,250,183 | 97.14% | 3,240,277 | 2.86% |
Appointment of Auditors
| Votes For |
% Votes For |
Votes Withheld |
% Votes Withheld |
|
| Ernst & Young LLP, Chartered Professional Accountants | 110,547,375 | 96.95% | 3,480,800 | 3.05% |
Advisory Vote on Executive Compensation
A non-binding advisory vote to accept CAPREIT’s approach to executive compensation was approved.
| Votes For |
% Votes For |
Votes Against |
% Votes Against |
| 103,866,046 | 91.52% | 9,624,414 | 8.48% |
About CAPREIT
CAPREIT is Canada’s largest publicly traded provider of quality rental housing. As at March 31, 2023, CAPREIT owns approximately 66,000 residential apartment suites, townhomes and manufactured home community sites well-located across Canada and the Netherlands, with approximately $17 billion of investment properties in Canada and Europe. For more information about CAPREIT, its business and its investment highlights, please visit our website at www.capreit.ca and our public disclosure which can be found under our profile at www.sedar.com.
For more information, please contact:
| CAPREIT Mr. Mark Kenney President & Chief Executive Officer (416) 861-9404 |
CAPREIT Mr. Stephen Co Chief Financial Officer (416) 306-3009 |
CAPREIT Mr. Julian Schonfeldt Chief Investment Officer (647) 535-2544 |
