TORONTO,
June 23, 2014 /CNW/ - H&R Real
Estate Investment Trust ("H&R REIT") and H&R Finance Trust
(together, "H&R") (TSX: HR.UN; HR.DB.D, HR.DB.E and HR.DB.H)
are pleased to announce that each of the trustee nominees listed in
the management information circular dated May 5, 2014 for the joint annual and special
meetings of unitholders of H&R (the "Circular") held
June 19, 2014 (the "Annual and
Special Meetings") were elected as trustees of H&R. Voting
results for the individual trustees of H&R REIT are as
follows:
| Name of Nominee |
Votes For |
Votes Withheld |
| Thomas Hofstedter |
134,973,037 |
890,037 |
| Robert Dickson |
134,660,132 |
1,202,942 |
| Edward Gilbert |
134,194,372 |
1,536,017 |
| Laurence Lebovic |
133,083,546 |
2,779,528 |
| Ronald Rutman |
134,303,688 |
1,559,386 |
Voting results for the individual trustees of
H&R Finance Trust are as follows:
| Name of Nominee |
Votes For |
Votes Withheld |
| Marvin Rubner |
134,452,727 |
1,410,347 |
| Stephen Gross |
135,071,833 |
791,241 |
| Neil Sigler |
134,448,775 |
1,414,299 |
Pursuant to H&R Finance Trust's Declaration
of Trust, Thomas Hofstedter was also
appointed by H&R REIT as a trustee of H&R Finance
Trust.
All other matters set out in the Circular were
approved by the requisite majority of the unitholders at the Annual
and Special Meetings. Final results on all matters voted at the
Annual and Special Meeting will be filed shortly with the Canadian
securities regulators.
About H&R REIT and H&R Finance
Trust
H&R REIT is Canada's largest diversified real estate
investment trust with a total capitalization of approximately
$12.8 billion as at March 31, 2014. H&R REIT is a fully
internalized REIT and has ownership interests in a North American
portfolio of high quality office, retail and industrial properties
comprising over 53 million square feet.
H&R Finance Trust is an unincorporated
investment trust, which primarily invests in notes issued by a U.S.
corporation which is a subsidiary of H&R REIT. The current note
receivable balance is U.S.$219.8
million. In 2008, H&R REIT completed an internal
reorganization which resulted in each issued and outstanding
H&R REIT unit trading together with a unit of H&R Finance
Trust as a "Stapled Unit" on the Toronto Stock Exchange.
SOURCE H&R Real Estate Investment Trust