TORONTO, ONTARIO–(Marketwired – May 13, 2016) – Dominion Citrus Income Fund (TSX:DOM.UN) (the “Fund”) announces that the nominees listed in the management proxy circular for the 2015 Annual Special Meeting of Unitholders were elected as Trustees of the Fund. Nominees of the Fund for election as directors of Dominion Citrus Limited (“DCL”) were approved. Detailed results of the vote held at the Annual Special Meeting on May 12, 2016 are set out below:
| General Business | Outcome of Vote |
Votes For | % Votes For |
Votes Withheld |
% Votes Withheld |
||
| 1. | Resolution to elect as trustees of the Fund to hold office until the next annual unitholders’ meeting or until their successors are elected or appointed: | ||||||
| • | R. Peter McLaughlin | Elected | 7,340,539 | 99.46% | 39,607 | 0.54% | |
| • | Michael Blair | Elected | 7,306,629 | 99.00% | 73,517 | 1.00% | |
| • | Christopher Wallace | Elected | 7,340,539 | 99.46% | 39,607 | 0.54% | |
| 2. | Resolution to approve nominees of the Fund for election as directors of Dominion Citrus Limited for the ensuing year: | ||||||
| • | John Blair | Approved | 7,339,135 | 99.44% | 41,011 | 0.56% | |
| • | Barry Cracower | Approved | 7,342,539 | 99.49% | 37,607 | 0.51% | |
| • | Paul Scarafile | Approved | 7,371,705 | 99.89% | 8,441 | 0.11% | |
Voting results on all matters voted on at the Annual Special Meeting were filed on SEDAR at www.sedar.com.
About Dominion
The Fund is a publicly traded, unincorporated, open-ended limited purpose income trust. On January 1, 2006, all of the common shares of DCL were exchanged for trust units of the Fund. The trust units are listed on the TSX under the symbol DOM.UN.
DCL is a diversified food company supplying fresh produce to a wide variety of customers in retail, foodservice and food distribution businesses. DCL provides procurement, processing, repacking, sorting, grading, warehousing and distribution services to its major domestic markets being Ontario and Québec. DCL also supplies products to customers in the United States. The Fund’s website may be accessed at www.dominioncitrus.com.
Cautionary Statement Regarding Forward-Looking Information and Statements
Certain statements contained in this press release contain “forward-looking information” pursuant to Canadian securities laws (“forward-looking statements“). Forward-looking statements relate to future events, including announcements regarding future plans and developments respecting operations of Dominion Farm. All statements other than statements of historical fact are forward-looking statements. The use of any of the words “anticipate”, “plan”, “contemplate”, “continue”, “estimate”, “expect”, “intend”, “propose”, “might”, “may”, “will”, “shall”, “project”, “should”, “could”, “would”, “believe”, “predict”, “forecast”, “pursue”, “potential” and “capable” and similar expressions are intended to identify forward-looking statements. These forward-looking statements may be affected by the risks and uncertainties in the Fund’s and DCL’s business, including those described in the Fund’s and DCL’s most recent annual information form filed on SEDAR at www.sedar.com. Any forward-looking statements speak only as of the date of this press release, and the Fund assumes no obligation to update or revise any forward-looking statement to reflect events or circumstances arising after the date of this press release except as required by applicable securities laws.
Peter McLaughlin
Chairman of the Board of Trustees
(416) 802-2367
Dominion Citrus Income Fund
Paul Scarafile
President & CEO
(416) 242-8341 x 250
