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TORONTO, June 15, 2016 /CNW/ – True North Commercial Real Estate Investment Trust (TSX: TNT.UN) (the “REIT“) is pleased to announce that each of the trustee nominees listed in the management information circular dated May 2, 2016 for the annual and special meeting of unitholders (the “Meeting“) held yesterday, have been elected as trustees of the REIT. Voting results for each of the individual trustees are presented below:

Name of Nominee

Votes For

Percent

Votes Withheld

Percent

Jeff Baryshnik

9,368,162

99.14%

81,559

0.86%

William Biggar

9,362,840

99.08%

86,881

0.92%

Roland Cardy

9,366,937

99.12%

82,784

0.88%

Daniel Drimmer

9,400,362

99.48%

49,359

0.52%

Alon Ossip

9,404,937

99.53%

44,784

0.47%

Sandy Poklar

9,362,840

99.08%

86,881

0.92%

 

Also at the Meeting, unitholders approved: (i) the re-appointment of BDO Canada LLP, the REIT’s auditor, and the authorization of the board of trustees to fix the auditor’s remuneration; (ii) the approval of the unallocated options granted under the REIT’s amended and restated 2013 unit option plan; and (iii) the renewal of the amended and restated unitholder rights plan agreement. The voting results on each resolution are set out below:

Votes For

Percent

Votes Withheld

Percent

Appointment of auditor            

9,421,212

99.70%

28,509

0.30%

Votes For 

Percent 

Votes Against 

Percent

Approval of the unallocated

options under the amended

and restated 2013 unit option

plan

8,223,406

87.02%

1,226,315

12.98%

Renewal of the amended and

restated unitholder rights plan

agreement

9,416,871

99.65%

32,850

0.35%

 

About the REIT

The REIT is an unincorporated, open-ended real estate investment trust established under the laws of the Province of Ontario. The REIT currently owns and operates a portfolio of 25 commercial properties consisting of approximately 1.4 million square feet in secondary markets across Canada.

The REIT is focused on growing its portfolio principally through acquisitions across Canada and such other jurisdictions where opportunities exist.  Additional information concerning the REIT is available at www.sedar.com or the REIT’s website at www.truenorthreit.com.

SOURCE True North Commercial Real Estate Investment Trust