/NOT FOR DISTRIBUTION IN THE U.S. OR
OVER U.S. NEWSWIRES./
TORONTO, June 23,
2022 /CNW/ - True North Commercial Real Estate
Investment Trust (TSX: TNT.UN) (the "REIT") is pleased to
announce the voting results of matters voted on at its annual and
special meeting of unitholders (the "Meeting") which was
held on June 22, 2022. The voting
results of each of the matters considered at the Meeting are
presented below.
1. Election of
Trustees
All nominees in the management information circular dated
May 13, 2022, were elected as
trustees. The voting results of the trustees are as follows:
|
Name of
Nominee
|
Votes
For
|
Percent
|
Votes
Withheld
|
Percent
|
|
Lindsay
Brand
|
21,004,069
|
99.16 %
|
178,120
|
0.84 %
|
|
Daniel
Drimmer
|
20,980,071
|
99.05 %
|
202,118
|
0.95 %
|
|
Anna Murray
|
21,000,977
|
99.14 %
|
181,212
|
0.86 %
|
|
Alon Ossip
|
20,906,960
|
98.70 %
|
275,229
|
1.30 %
|
|
Sandy Poklar
|
20,572,489
|
97.12 %
|
609,700
|
2.88 %
|
|
Tracy
Sherren
|
20,939,314
|
98.85 %
|
242,875
|
1.15 %
|
"We are pleased to welcome Lindsay
Brand and Anna Murray to our
Board of Trustees," commented Daniel
Drimmer, the REIT's Chairman of the Board and Chief
Executive Officer. "A key objective of the REIT is to adopt
meaningful standards relating to environmental, social and
governance performance."
2. Re-Appointment of
Auditor
BDO Canada LLP was re-appointed as the auditor of the REIT, to
hold office until the next annual meeting of unitholders at
remuneration to be fixed by the board of trustees. The voting
results for the re-appointment of the auditor are as follows:
|
|
Votes
For
|
Percent
|
Votes
Withheld
|
Percent
|
|
Re-appointment of
auditor
|
21,173,509
|
99.75 %
|
52,618
|
0.25 %
|
3. Renewal of
Unitholder Rights Plan
The REIT's amended and restated unitholder rights plan date
June 22, 2022 between the REIT and
TSX Trust Company, as rights agent, was approved. The voting
results for the approval of the amended and restated unitholder
rights plan are as follows:
|
|
Votes
For
|
Percent
|
Votes
Withheld
|
Percent
|
|
The resolution to
reconfirm and approve the amended and restated unitholder rights
plan.
|
20,862,514
|
98.49 %
|
319,675
|
1.51 %
|
About the REIT
The REIT is an unincorporated, open-ended real estate investment
trust established under the laws of the Province of Ontario. The REIT currently owns and operates
a portfolio of 46 properties consisting of approximately 4.8
million square feet in urban and select strategic secondary markets
across Canada. The REIT is focused
on growing its portfolio principally through acquisitions across
Canada and such other
jurisdictions where opportunities exist.
For more information regarding the REIT, please visit
www.sedar.com or the REIT's website at www.truenorthreit.com.
SOURCE True North Commercial Real Estate Investment Trust