CALGARY, May 21, 2019 /PRNewswire/ - Boardwalk Real Estate
Investment Trust (TSX:BEI.UN) (the "Trust") announced today
the results of matters voted on at its annual and special meeting
of unitholders held on May 15, 2019
(the "Meeting"), which included the election of all the
trustee nominees listed in the Trust's management information
circular dated March 31, 2019.
The voting results for each of the matters considered at the
Meeting are presented below.
The total number of trust units (or Class B Units of Boardwalk
REIT Limited Partnership exchangeable into trust units) represented
by unitholders present in person or by proxy at the meeting was
41,556,990, representing 81.67% of the Trust's outstanding trust
units, on a diluted basis.
1. Election of
Trustees – the following seven nominees were elected as
trustees by resolution passed by a majority of the unitholders by
way of a "show of hands": Scott
Morrison, Gary Goodman,
Arthur L. Havener, Jr., Sam Kolias, Samantha
Kolias-Gunn, Brian G.
Robinson and Andrea
Goertz. Management received proxies to vote for the
trustees as follows:
Trustee
|
Proxy Votes
For
|
Percent
%
|
Proxy Votes
Withheld
|
Percent
%
|
Outcome
|
Scott
Morrison
|
40,125,197
|
99.80%
|
81,125
|
0.20%
|
Carried
|
Gary
Goodman
|
41,003,768
|
99.27%
|
299,548
|
0.73%
|
Carried
|
Arthur L. Havener,
Jr.
|
41,144,520
|
99.62%
|
158,796
|
0.38%
|
Carried
|
Sam Kolias
|
40,993,117
|
99.25%
|
310,199
|
0.75%
|
Carried
|
Samantha
Kolias-Gunn
|
41,216,035
|
99.79%
|
87,281
|
0.21%
|
Carried
|
Brian G.
Robinson
|
41,141,142
|
99.61%
|
162,174
|
0.39%
|
Carried
|
Andrea
Goertz
|
41,225,083
|
99.81%
|
78,233
|
0.19%
|
Carried
|
2. Appointment of
Auditors – Deloitte LLP was reappointed as the auditor of the
Trust (and the trustees were authorized to fix their remuneration)
by resolution passed by a majority of the unitholders by way of a
show of hands. Management received proxies to vote for the
appointment of the auditor (and to authorize the trustees to fix
their remuneration) as follows:
Proxy Votes
For
|
Proxy %
For
|
Proxy Votes
Withheld
|
Percent %
Withheld
|
Outcome
|
41,101,371
|
98.90%
|
455,417
|
1.10%
|
Carried
|
3. Re-Adoption of the
Deferred Unit Plan – The special resolution to re-adopt
the deferred unit plan of the trust, to permit the Trust to
continue issuing deferred units was passed as follows:
Votes
For
|
Proxy %
For
|
Votes
Against
|
Percent %
Against
|
Outcome
|
40,869,338
|
98.95%
|
433,978
|
1.05%
|
Carried
|
4. Executive Compensation
Advisory Note – The resolution, on an advisory,
non-binding basis, to accept the approach to executive compensation
disclosed in the "Compensation Discussion and Analysis" section of
the management information circular of the Trust dated March 31, 2019 was passed as follows:
Votes
For
|
Proxy %
For
|
Votes
Against
|
Percent %
Against
|
Outcome
|
40,747,989
|
98.66%
|
555,327
|
1.34%
|
Carried
|
Corporate Profile
Boardwalk REIT strives to be Canada's friendliest communities and currently
owns and operates more than 200 communities with over 33,000
residential units totaling over 29 million net rentable square
feet. Boardwalk's principal objectives are to provide its Residents
with the best quality communities and superior customer service,
while providing Unitholders with sustainable monthly cash
distributions, and increase the value of its trust units through
selective acquisitions, dispositions, development, and effective
management of its residential multifamily communities. Boardwalk
REIT is vertically integrated and is Canada's leading owner/operator of multifamily
communities with 1,600 Associates bringing Residents home to
properties located in Alberta,
Saskatchewan, Ontario, and Quebec.
Boardwalk REIT's Trust units are listed on the Toronto Stock
Exchange, trading under the symbol BEI.UN. Additional information
about Boardwalk REIT can be found on the Trust's website at
www.BoardwalkREIT.com.
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SOURCE Boardwalk Real Estate Investment Trust