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20
Jun

News Release

InterRent Announces Voting Results from the 2017 Annual Meeting

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Ottawa, Ontario(June 20, 2017) – InterRent Real Estate Investment Trust (TSX-IIP.UN) (the “REIT”) is pleased to announce the voting results from its 2017 Annual Meeting (the “Meeting”) of unitholders held in Ottawa on June 19, 2017. Each of the matters voted upon at the Meeting is discussed in detail in the REIT’s management information circular dated May 5, 2017 (the “Information Circular”) and is available on the REIT’s website at www.interrentreit.com/MIC2017. A total of 55,531,242 units representing approximately 67% of the REIT’s issued and outstanding units were voted in person and by proxy in connection with the Meeting. The voting results for each matter presented at the Meeting are provided below:

1.         Election of Trustees

The following nominees listed in the Information Circular were elected as trustees of the REIT until the next annual meeting of the unitholders or until their successors are elected or appointed, and the voting results are as follows:

Nominee

Votes in Favour

Percentage of Votes Cast

Votes Withheld

Votes Withheld as a Percentage of Votes Cast

Paul Amirault

54,946,867

99.97

16,596

0.03

Paul Bouzanis

45,119,486

82.09

9,843,977

17.91

Ronald Leslie

54,943,367

99.96

20,096

0.04

Mike McGahan

54,944,867

99.97

18,596

0.03

Cheryl Pangborn

54,941,267

99.96

22,196

0.04

Victor Stone

54,757,783

99.63

205,608

0.37

 

2.         Appointment of Auditors

Collins Barrow Toronto LLP were appointed as auditors of the REIT until the next annual meeting of the unitholders at remuneration to be fixed by the trustees, and the voting results are as follows:

Votes in Favour

Percentage of
Votes Cast

Votes Withheld

Votes Withheld as a Percentage of Votes Cast

54,994,082

99.94

31,996

0.06

 

3.         Election of Trustees of InterRent Trust

The nominees listed in the Information Circular were elected as trustees of InterRent Trust until the next annual meeting of the unitholders or until their successors are elected or appointed, and the voting results are as follows:

Votes in Favour

Percentage of Votes Cast

Votes Against

Votes Against as a Percentage of Votes Cast

53,320,656

97.01

1,642,807

2.99

4.         Election of Directors of InterRent Holdings General Partner Limited

The nominees listed in the Information Circular were elected as directors of InterRent Holdings General Partner Limited until the next annual meeting of the unitholders or until their successors are elected or appointed, and the voting results are as follows:

Votes in Favour

Percentage of Votes Cast

Votes Against

Votes Against as a Percentage of Votes Cast

53,320,656

97.01

1,642,807

2.99

 

About InterRent

InterRent REIT is a growth-oriented real estate investment trust engaged in increasing Unitholder value and creating a growing and sustainable distribution through the acquisition and ownership of multi-residential properties.  

InterRent's strategy is to expand its portfolio primarily within markets that have exhibited stable market vacancies, sufficient suites available to attain the critical mass necessary to implement an efficient portfolio management structure and, offer opportunities for accretive acquisitions.

InterRent's primary objective is to use the proven industry experience of the Trustees, Management and Operational Team to: (i) provide Unitholders with stable and growing cash distributions from investments in a diversified portfolio of multi-residential properties; (ii) enhance the value of the assets and maximize long-term Unit value through the active management of such assets; and (iii) expand the asset base and increase Distributable Income through accretive acquisitions. 

 

For further information about InterRent please contact:

 

Mike McGahan

Brad Cutsey

Curt Millar, CA

Chief Executive Officer

President

Chief Financial Officer

Tel: (613) 569-5699 Ext 244

Tel: (613) 569-5699 Ext 226

Tel: (613) 569-5699 Ext 233

Fax: (613) 569-5698

Fax: (613) 569-5698

Fax:(613) 569-5698

e-mail: mmcgahan@interrentreit.com

e-mail: bcutsey@interrentreit.com

e-mail:cmillar@interrentreit.com

 

 

Website: www.interrentreit.com

 

The TSX has not reviewed and does not accept responsibility

for the adequacy or accuracy of this release.