Artis Real Estate Investment Trust Announces Voting Results from the 2016 Annual and Special Meeting of Unitholders

WINNIPEG, June 17, 2016 /CNW/ - Artis Real Estate Investment Trust ("Artis" or the "REIT") (TSX: AX.UN) announced today the results of matters voted on at its annual and special meeting of unitholders held on June 16, 2016 (the "Meeting").

The total number of units represented by unitholders present in person or by proxy at the Meeting was 62,249,388, representing 44.55% of Artis' outstanding units.

Each of the nominees for election as trustee listed in the Management Information Circular dated April 29, 2016, was elected as trustee of Artis for the ensuing year to hold office from the close of the Meeting until the close of the next annual meeting of unitholders. Proxies were tabulated as follows:

Name of Nominee

Votes For

% For

Votes Withheld

% Withheld

Delmore Crewson

59,391,887

97.78

1,346,652

2.22

Armin Martens

59,540,761

98.03

1,197,778

1.97

Cornelius Martens

59,683,230

98.26

1,055,309

1.74

Ronald Rimer

59,821,677

98.49

916,862

1.51

Patrick Ryan

59,434,187

97.85

1,304,352

2.15

Victor Thielmann

59,201,304

97.47

1,537,235

2.53

Wayne Townsend

59,203,327

97.47

1,535,212

2.53

Edward Warkentin

52,940,803

87.16

7,797,736

12.84

 

All other matters set out in the Management Information Circular dated April 29, 2016, were approved by a majority of unitholders, including fixing the number of trustees at eight, the reappointment of Deloitte LLP as external auditor of the REIT and an amendment to the Declaration of Trust to implement an advance notice policy.

Final results on all matters voted on at the Meeting are available on Artis' SEDAR profile at www.sedar.com

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Artis is a diversified Canadian real estate investment trust investing in office, industrial and retail properties. Since 2004, Artis has executed an aggressive but disciplined growth strategy, building a portfolio of commercial properties in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and select markets in the United States.  As of March 31, 2016, Artis' commercial property comprises approximately 26.2 million square feet of leasable area.

During the three months ended March 31, 2016, Property Net Operating Income ("Property NOI") by asset class, including Artis' proportionate share of properties held in joint venture arrangements, was approximately 24.6% retail, 50.0% office and 25.4% industrial.  Property NOI by geographical region, including Artis' proportionate share of properties held in joint venture arrangements, was approximately 6.5% in British Columbia, 33.2% in Alberta, 6.2% in Saskatchewan, 13.0% in Manitoba, 10.6% in Ontario and 30.5% in the U.S.

Property NOI is a non-GAAP measure. Artis calculates Property NOI as revenues, measured in accordance with International Financial Reporting Standards, less property operating expenses such as utilities, repairs and maintenance, and realty taxes, and does not include charges for interest and amortization.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

Suite 300 – 360 Main Street
Winnipeg, MB R3C 3Z3
T 204.947.1250   F 204.947.0453

www.artisreit.com
AX.UN on the TSX

SOURCE Artis Real Estate Investment Trust

For further information: Please contact Mr. Armin Martens, President and Chief Executive Officer, Mr. Jim Green, Chief Financial Officer or Ms. Heather Nikkel, Director - Investor Relations of the REIT at 1.204.947.1250


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