Cominar Real Estate Investment Trust announces election of trustees

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Cominar Real Estate Investment Trust announces election of trustees

Canada NewsWire

/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/

QUÉBEC CITY, May 15, 2019 /CNW Telbec/ - Cominar Real Estate Investment Trust ("Cominar" or the "REIT") (TSX: CUF.UN) announced today the result of the annual meeting vote. Every trustee nominee listed in the Management Proxy Circular dated March 31st, 2019 was elected as Trustee of the REIT during the Annual General Meeting of the Unitholders held on May 15, 2019. The details of the election are as follows:

 

Trustee nominee

Outcome

Votes for

% for

Votes withheld

% withheld

Luc Bachand

Elected

103,140,477

95.30

5,084,920

4.70

Christine Beaubien

Elected

103,471,140

95.61

4,754,257

4.39

Paul D. Campbell

Elected

103,396,078

95.54

4,823,569

4.46

Mitchell Cohen

Elected

103,481,954

95.62

4,743,443

4.38

Sylvain Cossette

Elected

102,400,601

94.62

5,824,796

5.38

Zachary R. George

Elected

106,750,087

98.60

1,520,310

1.40

Johanne M. Lépine

Elected

101,934,617

94.19

6,290,780

5.81

Michel Théroux

Elected

98,856,464

91.34

9,368,933

8.66

René Tremblay

Elected

100,317,576

92.69

7,907,821

7.31

 

The resolution to re-appoint PricewaterhouseCoopers LLP as the auditors of the REIT for the ensuing year and authorizing the trustees to fix the remuneration to be paid to the auditors was approved by 96.57% of the votes.

The resolution to consider and, if thought advisable, to pass the non-binding advisory "say on pay" resolution on executive compensation, as more particularly set forth in the management proxy circular was approved by 94.71% of the votes.

Cominar would like to thank Mr. Alban D'Amours and Mr. Claude Dussault for their contribution to the REIT during their time on the board. Cominar would also like to congratulate the trustees elected today on the board of trustees:  René Tremblay who will act as chairman of the board, Luc Bachand, Christine Beaubien, Paul D. Campbell, Mitchell Cohen, Sylvain Cossette, Zachary R. George, Johanne M. Lépine and Michel Théroux.

The results of the final votes regarding all matters subject to a vote during the Annual Meeting will be available under the REIT's profile on SEDAR at (www.sedar.com).

Profile as at May 15th, 2019

Cominar is one of the largest diversified real estate investment trusts in Canada and is the largest commercial property owner in the Province of Québec. Our portfolio consists of 346 high-quality office, retail and industrial properties, totalling 37.3 million square feet located in the Montreal, Québec City and Ottawa areas. Cominar's primary objective is to maximize total return to unitholders through a combination tax-effective distributions and maximazing the unit value through the proactive management of our portfolio.

 

SOURCE COMINAR REAL ESTATE INVESTMENT TRUST

View original content: http://www.newswire.ca/en/releases/archive/May2019/15/c6294.html

Copyright CNW Group 2019

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