/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR
DISSEMINATION IN THE U.S./
QUÉBEC CITY, May 10, 2016 /CNW
Telbec/ - Cominar Real Estate Investment Trust ("Cominar" or
the "REIT") (TSX: CUF.UN) announced today that each trustee
nominee listed in the Management Proxy Circular dated March 31, 2016, other than Mr. Robert Després who announced that he would
withdraw his candidacy for health reasons, was elected as Trustee
of the REIT during the Annual and Special Meeting of the
Unitholders held today in Québec City, Québec.
The details of the election are as follows:
Trustee
nominee
|
Outcome
|
Votes
for
|
%
for
|
Votes
withheld
|
%
withheld
|
Gérard
Coulombe
|
Elected
|
85,161,498
|
97.82
|
1,901,941
|
2.18
|
Alain
Dallaire
|
Elected
|
85,476,451
|
98.17
|
1,596,682
|
1.83
|
Michel
Dallaire
|
Elected
|
86,178,426
|
98.97
|
894,707
|
1.03
|
Ghislaine
Laberge
|
Elected
|
85,901,415
|
98.67
|
1,162,024
|
1.33
|
Alban
D'Amours
|
Elected
|
86,698,614
|
99.57
|
374,519
|
0.43
|
Mary-Ann
Bell
|
Elected
|
85,975,541
|
98.74
|
1,097,591
|
1.26
|
Johanne M.
Lépine
|
Elected
|
86,781,423
|
99.68
|
282,016
|
0.32
|
Michel
Théroux
|
Elected
|
86,777,349
|
99.66
|
295,784
|
0.34
|
Luc
Bachand
|
Elected
|
86,764,927
|
99.65
|
308,206
|
0.35
|
The REIT also announced that, following the withdrawal of the
candidacy of Mr. Robert Després,
Michel Dallaire was appointed as
Chairman of the Board and Gérard Coulombe will act as Independent
Lead Director. Michel Dallaire also
remains Chief Executive Officer of the REIT.
The results of the final votes regarding all matters subject to
a vote during the annual and special meeting will be available on
the SEDAR website (www.sedar.com).
PROFILE AS AT MAY 10,
2016
Cominar is the third largest diversified real estate investment
trust in Canada and currently
remains the largest commercial property owner in the Province of
Quebec. The REIT owns a real
estate portfolio of 537 properties in three different market
segments, that is, office properties, retail properties and
industrial and mixed-use properties. Cominar's portfolio totals
44.8 million square feet spread out across Quebec, Ontario, the Atlantic Provinces and
Western Canada. Cominar's
objectives are to pay growing cash distributions to unitholders and
to maximize unitholder value through proactive management and the
expansion of its portfolio.
SOURCE Cominar Real Estate Investment Trust