Chemtrade Announces Voting Results from 2017 Annual Meeting

TORONTO, May 10, 2017 /CNW/ - Chemtrade Logistics Income Fund (TSX: CHE.UN) today announced results for matters voted on at the Fund's Annual Meeting of Unitholders held in Toronto on May 10, 2017. A total of 50,766,190 Units, or 55.76% of the Fund's issued and outstanding Units, were voted in connection with the annual meeting.

Election of Trustees
On a vote by show of hands, all nominees listed in the management information circular for the 2017 Annual Meeting, were elected as Trustees of the Fund. Detailed results of the vote for the election of Trustees are set out below:

Nominees

Votes For

% For

Votes Withheld

% Withheld

Mark Davis

49,496,685

99.74

129,189

0.26

Lucio Di Clemente

49,489,108

99.72

136,766

0.28

David Gee

49,470,139

99.69

155,735

0.31

Susan McArthur

49,481,320

99.71

144,554

0.29

Katherine Rethy

49,484,120

99.71

141,754

0.29

Lorie Waisberg

48,779,811

98.30

846,063

1.70

 

Appointment of Auditors
On a vote by show of hands, Unitholders approved the re-appointment of KPMG LLP, Chartered Professional Accountants, as auditors of the Fund and authorized the Trustees to fix the auditors' remuneration:

Votes For

% For

Votes Withheld

% Withheld

50,564,979

99.66

170,809

0.34

 

Vote Regarding Annual Advisory Vote on Compensation (Say on Pay)
On a vote by ballot, Unitholders approved the Fund holding an annual advisory vote on compensation, beginning with the 2018 annual meeting of Unitholders.

Votes For

% For

Votes Against

% Against

26,619,837

53.61

23,036,438

46.39


 

Chemtrade operates a diversified business providing industrial chemicals and services to customers in North America and around the world.  Chemtrade is one of North America's largest suppliers of sulphuric acid, spent acid processing services, inorganic coagulants for water treatment, sodium chlorate, sodium nitrite, sodium hydrosulphite and phosphorus pentasulphide.  Chemtrade is a leading regional supplier of sulphur, chlor-alkali products, liquid sulphur dioxide, potassium chloride, and zinc oxide.  Additionally, Chemtrade provides industrial services such as processing by-products and waste streams.

SOURCE Chemtrade Logistics Income Fund

For further information: Mark Davis, President & CEO, Tel: (416) 496-4176; Rohit Bhardwaj, Vice President, Finance & CFO, Tel: (416) 496-4177

RELATED LINKS
http://www.chemtradelogistics.com

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