TORONTO, ONTARIO–(Marketwired – May 13, 2016) – Allied Properties REIT (TSX:AP.UN) (“Allied“) announced today the results of matters voted on at its annual and special meeting of unitholders held on May 12, 2016 (the “Meeting“). The voting results for each of the matters presented at the Meeting are outlined below.
There were 83 unitholders represented in person or by proxy at the Meeting holding 59,483,002 units, representing 75.72% of Allied’s total issued and outstanding units.
1. Election of Trustees
Each of the nominees for election as trustees listed in Allied’s management information circular dated April 11, 2016 were elected as trustees of Allied for the ensuing year or until their successors are elected or appointed. Management received proxies in respect of the election of trustees of Allied as follows:
| Votes For | Votes Withheld | |||||||
| # | % | # | % | |||||
| Gerald R. Connor | 57,089,205 | 96.27% | 2,212,710 | 3.73% | ||||
| Gordon R. Cunningham | 56,884,765 | 95.92% | 2,417,870 | 4.08% | ||||
| Michael R. Emory | 57,670,486 | 97.25% | 1,632,149 | 2.75% | ||||
| James Griffiths | 59,036,570 | 99.55% | 266,065 | 0.45% | ||||
| Margaret T. Nelligan | 57,676,100 | 97.26% | 1,626,535 | 2.74% | ||||
| Ralph T. Neville | 59,095,307 | 99.65% | 207,328 | 0.35% | ||||
| Daniel F. Sullivan | 57,042,486 | 96.19% | 2,260,149 | 3.81% | ||||
| Peter Sharpe | 58,335,915 | 98.37% | 968,720 | 1.63% | ||||
2. Appointment of Auditor
BDO Canada LLP, Chartered Accountants, was appointed auditor of Allied until the next annual meeting of unitholders at remuneration to be fixed by the trustees. Management received proxies in respect of the appointment of the auditor of Allied as follows:
| Votes For | Votes Withheld | |||||
| # | % | # | % | |||
| 58,231,136 | 98.02 | 1,174,299 | 1.98 | |||
3. Amendments to Declaration of Trust
The special resolutions authorizing amendments to Allied’s amended and restated declaration of trust were approved by at least two-thirds of the votes cast by the unitholders who voted in respect of the special resolutions present or represented by proxy at the Meeting. Management received proxies in respect of the amendments to the amended and restated declaration of trust as follows:
| Votes For | Votes Against | |||||
| # | % | # | % | |||
| 58,813,851 | 99.00 | 591,584 | 1.00 | |||
4. Amendment and Reconfirmation of Unitholder Rights Plan
The ordinary resolutions amending, reconfirming and approving Allied’s rights plan were approved by a majority of votes cast by unitholders who voted in respect of the resolutions present or represented by proxy at the Meeting. Management received proxies in respect of the amendment, reconfirmation and approval of the rights plan as follows:
| Votes For | Votes Against | |||||
| # | % | # | % | |||
| 58,044,247 | 97.88 | 1,258,388 | 2.12 | |||
Allied Properties REIT is a leading owner, manager and developer of urban office environments that enrich experience and enhance profitability for business tenants operating in Canada’s major cities. Its objectives are to provide stable and growing cash distributions to unitholders and to maximize unitholder value through effective management and accretive portfolio growth.
Michael R. Emory
President and Chief Executive Officer
(416) 977-9002
memory@alliedreit.com
Allied Properties REIT
Cecilia C. Williams
Vice President and Chief Financial Officer
(416) 977-9002
cwilliams@alliedreit.com