/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE
SERVICES OR DISSEMINATION IN THE UNITED
STATES/
TORONTO, June 7, 2022
/CNW/ - Automotive Properties Real Estate Investment Trust (TSX:
APR.UN) (the "Trust") today announced the results of voting at its
annual and special meeting of unitholders held earlier today (the
"Meeting"). Each of the matters voted upon at the Meeting as set
out below is described in greater detail in the Notice of Annual
and Special Meeting of Unitholders and Management Information
Circular of the Trust dated April 27,
2022.
The total number of trust units and special voting units
represented by holders by proxy at the Meeting was 16,020,625,
representing 32.67% of the Trust's outstanding trust units and
special voting units entitled to be voted.
Election of Trustees
All of the nominees listed in the management information
circular prepared in connection with the Meeting were elected as
trustees to hold office until the next annual meeting following
their election or until their successors are elected or appointed.
The results of the vote are set out below:
Trust Units
Nominee
|
Votes
For
|
% Votes
For
|
Votes
Withheld
|
% Votes
Withheld
|
Kapil
Dilawri
|
6,024,852
|
99.12%
|
53,632
|
0.88%
|
Patricia Kay
|
5,140,595
|
84.57%
|
937,889
|
15.43%
|
Milton Lamb
|
6,025,713
|
99.13%
|
52,771
|
0.87%
|
Stuart
Lazier
|
5,610,835
|
92.31%
|
467,649
|
7.69%
|
James
Matthews
|
6,023,150
|
99.09%
|
55,334
|
0.91%
|
Julie Morin
|
6,029,157
|
99.19%
|
49,327
|
0.81%
|
John
Morrison
|
5,615,360
|
92.38%
|
463,124
|
7.62%
|
Special Voting Units
Nominee
|
Votes
For
|
% Votes
For
|
Votes
Withheld
|
% Votes
Withheld
|
Kapil
Dilawri
|
9,933,253
|
100%
|
Nil
|
Nil
|
Patricia Kay
|
9,933,253
|
100%
|
Nil
|
Nil
|
Milton Lamb
|
9,933,253
|
100%
|
Nil
|
Nil
|
Stuart
Lazier
|
9,933,253
|
100%
|
Nil
|
Nil
|
James
Matthews
|
9,933,253
|
100%
|
Nil
|
Nil
|
Julie Morin
|
9,933,253
|
100%
|
Nil
|
Nil
|
John
Morrison
|
9,933,253
|
100%
|
Nil
|
Nil
|
Appointment of Auditors
BDO Canada LLP was reappointed as auditor of the Trust and the
trustees were authorized to fix the auditor's remuneration.
The results of the vote are set out below:
Trust Units
Votes
For
|
% Votes
For
|
Votes
Withheld
|
% Votes
Withheld
|
6,035,811
|
99.15%
|
51,561
|
0.85%
|
Special Voting Units
Votes
For
|
% Votes
For
|
Votes
Withheld
|
% Votes
Withheld
|
9,933,253
|
100%
|
Nil
|
Nil
|
Amendment to the Equity Incentive Plan
The adoption of the amendment to the Trust's equity incentive
plan was approved. As a result, the total number of trust units
available for issuance under the Equity Incentive Plan has
increased by 750,000 trust units to 1,750,000 trust units. The
results of the vote are detailed below:
Trust Units
Votes
For
|
% Votes
For
|
Votes
Against
|
% Votes
Against
|
5,577,218
|
91.76%
|
500,641
|
8.24%
|
Special Voting Units
Votes
For
|
% Votes
For
|
Votes
Against
|
% Votes
Against
|
9,933,253
|
100%
|
Nil
|
Nil
|
About Automotive Properties REIT
Automotive Properties REIT is an unincorporated, open-ended real
estate investment trust focused on owning and acquiring primarily
income-producing automotive dealership properties located in
Canada. The REIT's portfolio
currently consists of 72 income-producing commercial properties,
representing approximately 2.7 million square feet of gross
leasable area, in metropolitan markets across British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Québec. Automotive Properties REIT
is the only public vehicle in Canada focused on consolidating automotive
dealership real estate properties. For more information, please
visit: www.automotivepropertiesreit.ca
SOURCE Automotive Properties Real Estate Investment Trust