Automotive Properties REIT Announces Results of Voting at Annual and Special Meeting

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TORONTO, June 8, 2016 /CNW/ - Automotive Properties Real Estate Investment Trust (TSX: APR.UN) (the "Trust") today announced the results of voting at its annual and special meeting of unitholders held earlier today (the "Meeting"). Each of the matters voted upon at the Meeting as set out below is described in greater detail in the Notice of Annual and Special Meeting of Unitholders and Management Information Circular of the Trust dated May 5, 2016.

Election of Trustees

The Trust's existing five trustees were re-elected at the Meeting by a resolution passed by a majority of the unitholders present or represented by proxy at the Meeting, to hold office until the next annual meeting following their election or until their successors are elected or appointed. The results of the vote are detailed below:

Trust Units

Nominee

Votes For

% Votes For

Votes Withheld

% Votes Withheld

Kapil Dilawri

5,106,189

99.97%

1,400

0.03%

Janet Graham

5,106,589

99.98%

1,000

0.02%

Stuart Lazier

5,107,589

100%

Nil

Nil

James Matthews

5,107,589

100%

Nil

Nil

John Morrison

5,107,589

100%

Nil

Nil

 

Class B Limited Partnership Special Voting Units

Nominee

Votes For

% Votes For

Votes Withheld

% Votes Withheld

Kapil Dilawri

9,933,253

100%

Nil

Nil

Janet Graham

9,933,253

100%

Nil

Nil

Stuart Lazier

9,933,253

100%

Nil

Nil

James Matthews

9,933,253

100%

Nil

Nil

John Morrison

9,933,253

100%

Nil

Nil

 

Appointment of Auditors

BDO Canada LLP was reappointed as auditors of the Trust and the trustees were authorized to fix their remuneration by a resolution passed by a majority of the unitholders present or represented by proxy at the Meeting. The results of the vote are detailed below:

Trust Units

Votes For

% Votes For

Votes Withheld

% Votes Withheld

5,106,989

99.99%

600

0.01%

 

Class B Limited Partnership Special Voting Units

Votes For

% Votes For

Votes Withheld

% Votes Withheld

9,933,253

100%

Nil

Nil

 

Equity Incentive Plan

The adoption of the Trust's equity incentive plan was approved by a resolution passed by a majority of the unitholders present or represented by proxy at the Meeting. The results of the vote are detailed below:

Trust Units

Votes For

% Votes For

Votes Against

% Votes Against

4,549,849

89.08%

557,740

10.92%

 

Class B Limited Partnership Special Voting Units

Votes For

% Votes For

Votes Against

% Votes Against

9,933,253

100%

Nil

Nil

 

About Automotive Properties REIT
Automotive Properties REIT is an unincorporated, open-ended real estate investment trust focused on owning and acquiring primarily income-producing automotive dealership properties located in Canada. The REIT's portfolio of 29 income producing commercial properties represents approximately 1.1 million square feet of gross leasable area in Ontario, Saskatchewan, Alberta, British Columbia and Québec. Automotive Properties REIT is the only public vehicle in Canada focused on consolidating automotive dealership real estate properties. For more information, please visit: www.automotivepropertiesreit.ca

SOURCE Automotive Properties Real Estate Investment Trust

For further information: Bruce Wigle, Investor Relations, Bay Street Communications, Tel: 647-496-7856; Milton Lamb, President & CEO, Automotive Properties REIT, Tel: (647) 789-2445; Andrew Kalra, CFO & Corporate Secretary, Automotive Properties REIT, Tel: (647) 789-2446

RELATED LINKS
www.automotivepropertiesreit.ca

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