Lanesborough REIT announces results of voting at Annual and Special Meeting of Unitholders

WINNIPEG, June 27, 2013 /CNW/ - Lanesborough Real Estate Investment Trust ("LREIT") (TSX: LRT.UN) announced the results of the votes held at its June 27, 2013 Annual and Special Meeting of Unitholders (the "Meeting"). Issuers listed on the Toronto Stock Exchange are now required to issue a press release providing this information.

The total number of trust units represented by unitholders present in person or by proxy at the Meeting was 6,388,084, representing 35.31% of LREIT's outstanding trust units.

Each of the nominee Trustees listed in the Information Circular dated May 7, 2013 was elected as a Trustee, as per the table below:

Name of Nominee  Votes For    % For    Votes Withheld   % Withheld 
Charles Loewen 5,286,999 96.49 192,339 3.51
Earl Coleman 5,277,999 96.33 201,339 3.67
Cheryl Barker 5,287,499 96.50 191,839 3.50
Douglas Wells 5,278,999 96.34 200,339 3.66

MNP LLP was re-appointed as external auditor of LREIT until the next annual meeting of unitholders by resolution passed by a majority of the unitholders. Proxies were received to vote for the appointment of the auditor, and to authorize the trustees to fix the remuneration of the auditors, as follows:

     Votes For           % For            Votes Withheld           % Withheld     
6,245,345 97.77 142,739 2.23

The Amended and Restated Unit Option Plan of LREIT dated June 18, 2010, as described in the Information Circular dated May 7, 2013, was re-approved by a resolution passed by a majority of the unitholders, as follows:

     Votes For           % For           Votes Withheld           % Withheld     
5,258,031 95.96 221,307 4.04

ABOUT LREIT
LREIT is a real estate investment trust, which is listed on the Toronto Stock Exchange under the symbols LRT.UN (Trust Units), LRT.DB.G (Series G Debentures), LRT.NT.A (Second Mortgage Bonds due December 24, 2015), LRT.WT (Warrants expiring March 9, 2015) and LRT.WT.A (Warrants expiring December 23, 2015).  The objective of LREIT is to provide Unitholders with stable cash distributions from investment in a diversified portfolio of quality real estate properties.  For further information on LREIT, please visit our website at www.lreit.com.

The TSX has not reviewed or approved the contents of this press release and neither accepts responsibility for the adequacy or accuracy of this press release

SOURCE: Lanesborough Real Estate Investment Trust

For further information:

Arni Thorsteinson, Chief Executive Officer, or Gino Romagnoli, Investor Relations
Tel: (204) 475-9090, Fax: (204) 452-5505, Email: info@lreit.com

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Lanesborough Real Estate Investment Trust

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