True North Commercial Real Estate Investment Trust Announces Election of Trustees

/NOT FOR DISTRIBUTION IN THE U.S. OR OVER U.S. NEWSWIRES/

TORONTO, May 22, 2014 /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 April 21, 2014 (the "Circular") for the annual and special meeting of unitholders (the "Meeting") held today, 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
Daniel Drimmer 5,520,633 99.95% 2,600 0.05%
Jeff Baryshnik 5,515,320 99.86% 7,913 0.14%
William Biggar 5,523,133 100% 100 0%
Roland Cardy 5,523,133 100% 100 0%
Alon Ossip 5,516,333 99.88% 6,900 0.12%
Sandy Poklar 5,517,301 100% 100 0%

All other matters set out in the Circular were approved by a majority of the unitholders at the Meeting.

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 is focused on acquiring and operating commercial rental properties across Canada and such other jurisdictions where opportunities exist.  Additional information concerning the REIT is available at www.sedar.com

SOURCE True North Commercial Real Estate Investment Trust

For further information:

Daniel Drimmer
President and Chief Executive Officer
(416) 234-8444

or

Tracy Sherren
Chief Financial Officer
(416) 234-8444