CALGARY, May 15, 2020 /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 14,
2020 (the "Meeting"), which included the election of
all the trustee nominees listed in the Trust's management
information circular dated March 31,
2020. The voting results for each of the matters considered
at the Meeting are presented below. All resolutions were
conducted by ballot.
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
39,967,638, representing 78.38% of the Trust's outstanding trust
units, on a diluted basis.
1. Number of Trustees – The resolution to fix the
number of Trustees to be elected at the meeting at no more than
seven was passed as follows:
Votes
For
|
Proxy %
For
|
Votes
Against
|
Percent %
Against
|
Outcome
|
39,616,443
|
99.42%
|
232,753
|
0.58%
|
Carried
|
2. Election of Trustees – The following seven
nominees were elected as trustees by resolution passed by a
majority of the unitholders: Scott
Morrison, Gary Goodman,
Arthur L. Havener, Jr., Sam Kolias, Samantha
Kolias-Gunn, Brian G.
Robinson and Andrea
Goertz. Each of the trustees received the following
votes for their election:
Trustee
|
Proxy Votes
For
|
Percent
%
|
Proxy Votes
Withheld
|
Percent
%
|
Outcome
|
Scott
Morrison
|
39,747,315
|
99.74%
|
101,881
|
0.26%
|
Carried
|
Gary
Goodman
|
39,522,219
|
99.18%
|
326,977
|
0.82%
|
Carried
|
Arthur L. Havener,
Jr.
|
37,979,524
|
95.31%
|
1,869,672
|
4.69%
|
Carried
|
Sam Kolias
|
39,047,326
|
97.99%
|
801,870
|
2.01%
|
Carried
|
Samantha
Kolias-Gunn
|
39,393,354
|
98.86%
|
455,842
|
1.14%
|
Carried
|
Brian G.
Robinson
|
39,292,920
|
98.60%
|
556,276
|
1.40%
|
Carried
|
Andrea
Goertz
|
39,292,944
|
98.60%
|
556,252
|
1.40%
|
Carried
|
3. 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 as follows:
Proxy Votes
For
|
Proxy %
For
|
Proxy Votes
Withheld
|
Percent %
Withheld
|
Outcome
|
39,589,520
|
99.05%
|
378,116
|
0.95%
|
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,
2020 was passed as follows:
Votes
For
|
Proxy %
For
|
Votes
Against
|
Percent %
Against
|
Outcome
|
39,343,738
|
98.73%
|
505,456
|
1.27%
|
Carried
|
5. Amendments to, and Re-Adoption of, the Deferred Unit
Plan – The resolution ratifying amendments to and
approving additional amendments to, and re‑adoption of, 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
|
38,947,208
|
97.74%
|
901,986
|
2.26%
|
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.bwalk.com/investors
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SOURCE Boardwalk Real Estate Investment Trust