Killam Apartment REIT Announces Voting Results from 2023 Annual Meeting of Unitholders

HALIFAX, NS, May 5, 2023 /CNW/ - Killam Apartment REIT (TSX: KMP.UN) ("Killam") today announced the voting results of matters voted on at its annual meeting of unitholders (the "Meeting"), which was held in Halifax on May 5, 2023. The voting results of each of the matters considered at the Meeting are presented below.

1)  Election of Trustees
All candidates proposed in the Management Proxy Circular dated March 28, 2023, were elected as trustees. The voting results of the trustees were as follows:

Candidate	Votes For	% For	Votes Withheld	% Withheld	Votes Spoiled
Philip D. Fraser	78,183,103	98.81 %	937,720	1.19 %	27,672
Robert G. Kay	75,648,416	95.58 %	3,500,079	4.42 %	-
Aldéa M. Landry	75,454,133	95.33 %	3,694,362	4.67 %	-
James C. Lawley	73,550,882	92.96 %	5,569,941	7.04 %	27,672
Karine L. MacIndoe	77,479,764	97.89 %	1,668,731	2.11 %	-
Laurie M. MacKeigan	79,012,952	99.83 %	135,543	0.17 %	-
Doug McGregor	75,436,715	95.34 %	3,684,108	4.66 %	27,672
Robert G. Richardson	77,315,582	97.68 %	1,832,913	2.32 %	-
Manfred J. Walt	69,000,710	87.18 %	10,147,785	12.82 %	-

2)  Appointment of Auditors
Ernst & Young LLP was reappointed as the auditors of Killam, to hold office until the next annual meeting of unitholders at remuneration to be fixed by the board of trustees. The voting results for the reappointment of the auditors were as follows:

Votes For	% For	Votes Withheld	% Withheld
73,036,951	92.28 %	6,111,544	7.72 %

3)  Executive Compensation Advisory Vote
The non-binding advisory say-on-pay resolution on executive compensation was approved. The voting results for the executive compensation advisory vote were as follows:

Votes For	% For	Votes Against	% Against
72,645,470	91.78 %	6,503,025	8.22 %

About Killam Apartment REIT

Killam Apartment REIT, based in Halifax, Nova Scotia, is one of Canada's largest residential real estate investment trusts, owning, operating, managing and developing a $4.9 billion portfolio of apartments and manufactured home communities. Killam's strategy to enhance value and profitability focuses on three priorities: 1) increasing earnings from existing operations, 2) expanding the portfolio and diversifying geographically through accretive acquisitions, with an emphasis on newer properties, and 3) developing high-quality properties in its core markets.

Note: The Toronto Stock Exchange has neither approved nor disapproved of the information contained herein.

SOURCE Killam Apartment Real Estate Investment Trust

Claire Hawksworth, CPA, Manager, Investor Relations and Sustainability, [email protected], [phone]