/NOT FOR DISTRIBUTION IN THE U.S. OR OVER U.S. NEWSWIRES/
TORONTO, May 28, 2013 /CNW/ - True North Apartment Real Estate Investment Trust (the "REIT") (TSX: TN.UN) is pleased to announce that each of the trustee nominees listed in the management information circular dated April 30, 2013 for the annual and special meeting of unitholders (the "Circular") held today (the "Annual and Special Meeting") were elected as trustees of the REIT. Voting results for the individual trustees are set out below:
|Name of Nominee||Votes For||Percent||Votes Withheld||Percent|
|Daniel Drimmer||16,122,682 Units||99.8%||32,532 Units||0.2%|
|J. Michael Knowlton||16,102,001 Units||99.6%||53,213 Units||0.4%|
|Robert McKee||16,101,201 Units||99.6%||54,013 Units||0.4%|
|Alon Ossip||16,104,201 Units||99.6%||51,013 Units||0.4%|
|Graham L. Rosenberg||16,101,701 Units||99.6%||53,513 Units||0.4%|
|Denim Smith||16,102,183 Units||99.6%||53,031 Units||0.4%|
|Leslie Veiner||16,107,201 Units||99.6%||48,013 Units||0.4%|
All other matters set out in the Circular were approved by a majority of the unitholders at the Annual and Special Meeting. Final results on all matters voted at the Annual and Special Meeting will be filed shortly with the Canadian securities regulators.
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:
Chief Executive Officer
Chief Financial Officer