Automotive Properties REIT Announces Results of Voting at Annual Meeting

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/

TORONTO, June 20, 2017 /CNW/ - Automotive Properties Real Estate Investment Trust (TSX: APR.UN) (the "Trust") today announced the results of voting at its annual 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 Meeting of Unitholders and Management Information Circular of the Trust dated May 15, 2017.

The total number of units and special voting units represented by holders by proxy at the Meeting was 17,956,761, representing 68.67% of the Trust's outstanding units and special voting units entitled to be voted.

Election of Trustees

All of the nominees listed in the management information circular prepared in connection with the Meeting were elected as trustees 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 without a ballot being conducted. The following represents the proxies received with regard to such matter:

Trust Units

Nominee

Votes For

% Votes For

Votes Withheld

% Votes Withheld

Kapil Dilawri

8,014,025

99.88%

9,483

0.12%

Louis Forbes

8,014,065

99.88%

9,443

0.12%

Stuart Lazier

7,550,329

94.10%

473,179

5.90%

James Matthews

8,014,325

99.89%

9,183

0.11%

John Morrison

7,550,329

94.10%

473,179

5.90%

 

Class B Limited Partnership Special Voting Units

Nominee

Votes For

% Votes For

Votes Withheld

% Votes Withheld

Kapil Dilawri

9,933,253

100%

Nil

Nil

Louis Forbes

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 auditor of the Trust and the trustees were authorized to fix the auditor's remuneration by a resolution passed by a majority of the unitholders present or represented by proxy at the Meeting without a ballot being conducted.  The following represents the proxies received with regard to such matter:

Trust Units

Votes For

% Votes For

Votes Withheld

% Votes Withheld

8,016,919

99.92%

6,589

0.08%

 

Class B Limited Partnership Special Voting Units

Votes For

% Votes For

Votes Withheld

% Votes Withheld

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 35 income producing commercial properties represents approximately 1.4 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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