Chemtrade Announces Voting Results From Annual Meeting of Unitholders

Chemtrade Logistics Income Fund (TSX: CHE.UN) today announced results for matters voted on at the Fund’s Annual Meeting of Unitholders held virtually in Toronto on May 15, 2020. A total of 29,361,611 Units, or 31.71% of the Fund’s issued and outstanding Units, were voted in connection with the annual meeting.

Election of Trustees
On a vote by ballot, all nominees listed in the management information circular for the Annual Meeting, were elected as Trustees of the Fund. Detailed results of the vote for the election of Trustees are set out below:

Appointment of Auditors
On a vote by ballot, Unitholders approved the re-appointment of KPMG LLP, Chartered Professional Accountants, as auditors of the Fund and authorized the Trustees to fix the auditors’ remuneration:

Vote Regarding Approach to Executive Compensation (Say on Pay)
On a non-binding advisory vote by ballot, Unitholders approved the Fund’s approach to executive compensation disclosed in the Information Circular.

Vote Regarding Deferred Unit Plan
On a vote by ballot, Unitholders approved the Fund’s Deferred Unit Plan and ratified prior grants of deferred units under the plan disclosed in the Information Circular.

Chemtrade operates a diversified business providing industrial chemicals and services to customers in North America and around the world. Chemtrade is one of North America’s largest suppliers of sulphuric acid, spent acid processing services, inorganic coagulants for water treatment, sodium chlorate, sodium nitrite, sodium hydrosulphite and phosphorus pentasulphide. Chemtrade is a leading regional supplier of sulphur, chlor-alkali products, liquid sulphur dioxide, potassium chloride, and zinc oxide. Additionally, Chemtrade provides industrial services such as processing by-products and waste streams.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200515005563/en/

Mark Davis
President & CEO
Tel: (416) 496-4176

Rohit Bhardwaj
Vice President, Finance & CFO
Tel: (416) 496-4177