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TORONTO, May 22, 2024
/CNW/ - Automotive Properties Real Estate Investment Trust (TSX:
APR.UN) (the "Trust") today announced the results of voting at its
annual 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 Meeting of
Unitholders and Management Information Circular of the Trust dated
April 11, 2024.
The total number of trust units and special voting units
represented by holders by proxy at the Meeting was 19,653,919
representing 40.07% 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
|
10,112,305
|
97.98 %
|
208,608
|
2.02 %
|
|
Patricia Kay
|
9,996,845
|
96.86 %
|
324,068
|
3.14 %
|
|
Milton Lamb
|
10,257,651
|
99.39 %
|
63,262
|
0.61 %
|
|
Stuart
Lazier
|
10,115,296
|
98.01 %
|
205,617
|
1.99 %
|
|
James
Matthews
|
10,129,563
|
98.15 %
|
191,350
|
1.85 %
|
|
Julie Morin
|
10,212,562
|
98.96 %
|
107,551
|
1.04 %
|
|
John
Morrison
|
10,241,197
|
99.23 %
|
79,716
|
0.77 %
|
Special Voting Units
|
Nominee
|
Votes
For
|
% Votes
For
|
Votes
Withheld
|
% Votes
Withheld
|
|
Kapil
Dilawri
|
9,327,487
|
100 %
|
Nil
|
Nil
|
|
Patricia Kay
|
9,327,487
|
100 %
|
Nil
|
Nil
|
|
Milton Lamb
|
9,327,487
|
100 %
|
Nil
|
Nil
|
|
Stuart
Lazier
|
9,327,487
|
100 %
|
Nil
|
Nil
|
|
James
Matthews
|
9,327,487
|
100 %
|
Nil
|
Nil
|
|
Julie Morin
|
9,327,487
|
100 %
|
Nil
|
Nil
|
|
John
Morrison
|
9,327,487
|
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
|
|
10,261,570
|
99.37 %
|
64,862
|
0.63 %
|
Special Voting Units
|
Votes
For
|
% Votes
For
|
Votes
Withheld
|
% Votes
Withheld
|
|
9,327,487
|
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 77 income-producing commercial properties,
representing approximately 2.9 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