TORONTO, June 18, 2018 /CNW/ - H&R Real Estate
Investment Trust ("H&R REIT") and H&R Finance Trust (TSX:
HR.UN) are pleased to announce that each of the trustee nominees
listed in the management information circular dated May 4, 2018 for the joint annual meetings of
unitholders of H&R REIT and H&R Finance Trust (the
"Circular") held earlier today were elected as trustees of H&R
REIT and H&R Finance Trust, respectively.
Each of the H&R REIT trustees was re-elected with votes in
favour ranging from approximately 91.6% to 99.9% 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
For
|
Votes
Withheld
|
% Votes
Withheld
|
Alex Avery
|
170,495,597
|
99.91%
|
154,959
|
0.09%
|
Robert
Dickson
|
156,368,571
|
91.63%
|
14,281,985
|
8.37%
|
Edward
Gilbert
|
161,297,639
|
94.52%
|
9,352,917
|
5.48%
|
Thomas
Hofstedter
|
168,880,022
|
98.96%
|
1,770,534
|
1.04%
|
Laurence
Lebovic
|
166,194,901
|
97.39%
|
4,455,655
|
2.61%
|
Juli
Morrow
|
168,147,578
|
98.53%
|
2,502,978
|
1.47%
|
Ronald
Rutman
|
164,774,714
|
96.56%
|
5,875,842
|
3.44%
|
Stephen
Sender
|
168,456,385
|
98.71%
|
2,194,171
|
1.29%
|
Each of the H&R Finance Trust trustees was re-elected with
votes in favour of approximately 98.6% of the votes cast. Voting
results for the individual trustees of H&R Finance Trust are as
follows:
Name of
Nominee
|
Votes
For
|
% Votes
For
|
Votes
Withheld
|
% Votes
Withheld
|
Stephen
Gross
|
158,842,163
|
98.57%
|
2,308,393
|
1.43%
|
Marvin
Rubner
|
158,918,990
|
98.62%
|
2,231,566
|
1.38%
|
Neil
Sigler
|
158,879,103
|
98.59%
|
2,271,453
|
1.41%
|
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 on a show of hands. The results of the
proxies tabulated were 161,147,926 votes (97.30%) 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 one of Canada's
largest fully internalized real estate investment trusts with total
assets of approximately $14.5 billion
at March 31, 2018. H&R REIT 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. $223.9 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