TORONTO, June 20,
2024 /CNW/ - H&R Real Estate Investment Trust
("H&R REIT" or the "REIT") (TSX: HR.UN) is pleased to announce
that each of the trustee nominees listed in the management
information circular dated May 6,
2024 for the annual meeting of unitholders of the REIT (the
"Circular") held earlier today was elected as a trustee of the
REIT.
Each of the REIT trustees was re-elected with votes in favour
ranging from approximately 92.97% to 99.67% of
the votes cast at the meeting. Voting results for the individual
trustees of the REIT are as follows:
|
Name of
Nominee
|
Votes
For
|
% Votes
For
|
Votes
Withheld
|
% Votes
Withheld
|
|
Leonard
Abramsky
|
145,357,646
|
99.66 %
|
502,806
|
0.34 %
|
|
Lindsay
Brand
|
144,332,868
|
98.95 %
|
1,528,059
|
1.05 %
|
|
Jennifer A.
Chasson
|
143,334,122
|
98.27 %
|
2,526,805
|
1.73 %
|
|
Donald E.
Clow
|
143,622,220
|
98.47 %
|
2,238,707
|
1.53 %
|
|
Mark M.
Cowie
|
145,385,505
|
99.67 %
|
475,422
|
0.33 %
|
|
S. Stephen
Gross
|
144,194,720
|
98.86 %
|
1,666,207
|
1.14 %
|
|
Brenna
Haysom
|
135,610,524
|
92.97 %
|
10,250,403
|
7.03 %
|
|
Thomas J.
Hofstedter
|
148,361,029
|
94.81 %
|
8,125,173
|
5.19 %
|
|
Juli Morrow
|
145,205,138
|
99.55 %
|
655,788
|
0.45 %
|
|
Marvin
Rubner
|
144,424,564
|
99.02 %
|
1,435,538
|
0.98 %
|
In addition, the REIT is pleased to announce that a non-binding
advisory resolution on the REIT's approach to executive
compensation, as set out in the Circular, was passed as an ordinary
resolution of the unitholders by a majority on a vote conducted by
way of ballot. The results of the ballot were 137,294,227 votes
(94.13%) 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 meeting. Final results
on all matters voted at the meeting will be filed shortly with the
Canadian securities regulators.
About H&R REIT
H&R REIT is one of Canada's
largest real estate investment trusts with total assets of
approximately $10.9 billion as at
March 31, 2024. H&R REIT has
ownership interests in a North American portfolio comprised of
high-quality residential, industrial, office and retail properties
comprising over 26.9 million square feet. H&R's strategy is to
create a simplified, growth-oriented business focused on
residential and industrial properties in order to create
sustainable long term value for unitholders. H&R plans to sell
its office and retail properties as market conditions permit.
H&R's target is to be a leading owner, operator and developer
of residential and industrial properties, creating value through
redevelopment and greenfield development in prime locations within
Toronto, Montreal, Vancouver, and high growth U.S. sunbelt and
gateway cities.
Additional information regarding H&R REIT is available at
www.hr-reit.com and on www.sedarplus.com.
SOURCE H&R Real Estate Investment Trust