True North Apartment Real Estate Investment Trust Announces Election of Trustees

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

TORONTO, June 22, 2015 /CNW/ - True North Apartment Real Estate Investment Trust (the "REIT") (TSX: TN.UN; TN.DB) is pleased to announce that each of the trustee nominees listed in the management information circular dated May 11, 2015 (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

17,870,270 Units

91.26%

1,711,931 Units

8.74%

J. Michael Knowlton

17,868,261 Units

91.25%

1,713,940 Units

8.75%

Robert McKee

18,273,341 Units

93.32%

1,308,860 Units

6.68%

Alon Ossip

17,872,504 Units

91.27%

1,709,697 Units

8.73%

Graham L. Rosenberg

17,867,181 Units

91.24%

1,715,020 Units

8.76%

Denim Smith

17,867,281 Units

91.24%

1,714,920 Units

8.76%

Leslie Veiner

17,861,593 Units

91.21%

1,720,608 Units

8.79%

 

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 focuses on a long-term strategy to generate stable cash distributions on a tax-efficient basis for unitholders. The REIT intends to actively look for opportunities to expand its asset base and increase its distributable cash flow through acquisitions of additional multi-suite residential rental properties across Canada, the United States and other jurisdictions where opportunities may arise. Additional information concerning the REIT is available at www.sedar.com.

SOURCE True North Apartment Real Estate Investment Trust

For further information: Leslie Veiner, President and Chief Executive Officer, (416) 234-8444; or Martin Liddell, Chief Financial Officer, (416) 234-8444

RELATED LINKS
www.truenorthreit.com

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True North Apartment Real Estate Investment Trust

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