MISSISSAUGA, ON, May 10, 2024
/CNW/ - Morguard North American Residential Real Estate Investment
Trust (the "REIT") (TSX: MRG.UN) today announced the results of
matters voted on at its annual unitholders' meeting held on
May 8, 2024 (the "Meeting"), which
included the election of trustees of the REIT, all of the nominees
listed in its management information circular dated March 14, 2024. The voting results for each
of the matters presented at the Meeting are presented below.
The total number of units and special voting units represented
by holders present in person or by proxy at the meeting was
35,591,366 representing 64.74% of the REIT's total outstanding
units and special voting units.
1.
Election of Trustees
The seven (7) nominees proposed by management were elected as
trustees of the REIT to hold office until the termination of the
next annual meeting of unitholders or until their successors are
duly elected or appointed, subject to the provisions of the REIT's
Declaration of Trust. Proxies were received on this matter
for units and special voting units of the REIT as follows:
|
Name
|
Votes
For
|
%
|
Votes
Withheld
|
%
|
|
Avtar T.
Bains
|
33,740,694
|
95.79
|
1,483,604
|
4.21
|
|
Dino Chiesa
|
34,739,783
|
98.48
|
534,468
|
1.52
|
|
Mel
Leiderman
|
34,621,140
|
98.15
|
653,111
|
1.85
|
|
Frank
Munsters
|
29,819,547
|
84.67
|
5,399,543
|
15.33
|
|
Bruce K.
Robertson
|
34,648,740
|
98.23
|
625,511
|
1.77
|
|
K. Rai Sahi
|
34,916,047
|
99.00
|
352,996
|
1.00
|
|
William O.
Wallace
|
33,556,790
|
95.28
|
1,662,300
|
4.72
|
2.
Appointment of Auditors
The firm of Ernst & Young LLP, chartered accountants, was
appointed as auditor of the REIT to hold office until the close of
the next annual meeting of the unitholders or until their
successors are duly appointed, and to authorize the trustees to fix
the remuneration of the auditor. Proxies were received on
this matter for units and special voting units of the REIT as
follows:
|
Votes
For
|
%
|
Votes
Withheld
|
%
|
|
35,378,850
|
99.40
|
212,516
|
0.60
|
About Morguard North American
Residential REIT
The REIT is an unincorporated, open-ended real estate investment
trust which owns, through a limited partnership, interests in
Canadian residential apartment communities, located in Alberta and Ontario, and U.S. residential apartment
communities located in Colorado,
Texas, Louisiana, Illinois, Georgia, Florida, North
Carolina, Virginia and
Maryland.
SOURCE Morguard North American Residential Real Estate
Investment Trust