TORONTO, June 19, 2017 /CNW/ - H&R Real Estate
Investment Trust ("H&R REIT") and H&R Finance Trust
(together, "H&R") (TSX: HR.UN; HR.DB.D and HR.DB.H) are pleased
to announce that unitholders of H&R have elected Alex Avery and Juli
Morrow to the board of trustees together with each of the
incumbent trustees of H&R REIT at the annual general meeting
held today. Each of the trustees was elected with votes in favour
ranging from 90.10% to 99.78% of the votes cast at the meeting.
Voting results for the individual trustees of H&R REIT are as
follows:
Name of
Nominee
|
Votes
For
|
Votes
Withheld
|
Thomas
Hofstedter
|
161,159,156
|
403,343
|
Alex Avery
|
161,201,437
|
361,062
|
Robert
Dickson
|
148,460,086
|
13,102,413
|
Edward
Gilbert
|
145,941,080
|
15,621,419
|
Laurence
Lebovic
|
145,573,507
|
15,988,992
|
Juli
Morrow
|
160,594,652
|
967,847
|
Ronald
Rutman
|
146,300,780
|
15,261,719
|
Stephen
Sender
|
152,070,857
|
9,491,642
|
Unitholders also re-elected each of the incumbent trustees of
H&R Finance Trust. Each of the trustees was elected with votes
in favour ranging from 98.80% to 99.12% of the votes cast. Voting
results for the individual trustees of H&R Finance Trust are as
follows:
Name of
Nominee
|
Votes
For
|
Votes
Withheld
|
Marvin
Rubner
|
150,244,467
|
1,818,032
|
Stephen
Gross
|
150,725,935
|
1,336,564
|
Neil
Sigler
|
150,250,799
|
1,811,700
|
In addition, H&R REIT is pleased to announce that a
non-binding advisory resolution on H&R REIT's approach to
executive compensation, as set out in the Circular, was passed as
an ordinary resolution of the unitholders by an overwhelming
majority on a vote conducted by way of ballot. The results of the
ballot were 155,019,125 votes (95.95%) voting in favour of the 'say
on pay' resolution.
All other matters set out in the Circular were approved by the
requisite majority of the unitholders at the meetings. Final
results on all matters voted at the meetings 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 total assets
of approximately $14.1 billion as at
March 31, 2017. H&R REIT is a
fully internalized real estate investment trust and has ownership
interests in a North American portfolio of high quality office,
retail, industrial and residential properties comprising over 45
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. $221.7 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.
Additional information regarding H&R REIT and H&R
Finance Trust is available at www.hr-reit.com and on
www.sedar.com.
SOURCE H&R Real Estate Investment Trust