True North Commercial Real Estate Investment Trust Announces Voting Results from 2017 Annual Unitholders Meeting

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

TORONTO, June 14, 2017 /CNW/ - True North Commercial Real Estate Investment Trust (TSX: TNT.UN) (the "REIT") is pleased to announce the voting results of matters voted on at its annual meeting of unitholders (the "Meeting"), which was held on June 13, 2017. The voting results of each of the matters considered at the Meeting are presented below.

1. Election of Trustees

All nominees in the management information circular dated May 2, 2017, were elected as trustees. The voting results of the trustees are as follows:

Name of Nominee

Votes For

Percent

Votes Withheld

Percent

Jeff Baryshnik

11,269,258

99.61%

43,992

0.39%

William Biggar

11,270,358

99.62%

42,892

0.38%

Roland Cardy

11,265,308

99.58%

47,942

0.42%

Daniel Drimmer

11,270,358

99.62%

42,892

0.38%

Alon Ossip

11,261,308

99.54%

51,942

0.46%

Sandy Poklar

11,263,489

99.56%

49,761

0.44%

2. Re-Appointment of Auditor

BDO Canada LLP was re-appointed as the auditor of the REIT, 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 re-appointment of the auditor are as follows:


Votes For

Percent

Votes Withheld

Percent

Re-appointment of auditor

11,260,709

99.62%

43,368

0.38%

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 currently owns and operates a portfolio of 30 properties consisting of approximately 1.94 million square feet in urban cities and secondary markets across Canada focusing on long term leases with government and credit-rated tenants.

The REIT is focused on growing its portfolio principally through acquisitions across Canada and such other jurisdictions where opportunities exist.  Additional information concerning the REIT is available at www.sedar.com or the REIT's website at www.truenorthreit.com.

SOURCE True North Commercial Real Estate Investment Trust

For further information: Daniel Drimmer, President and Chief Executive Officer, (416) 234-8444 or Tracy Sherren, Chief Financial Officer, (416) 234-8444


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