InterRent Announces Voting Results From the 2021 Annual Meeting

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Jun 17, 2021 05:00 pm
OTTAWA, Ontario -- 

InterRent Real Estate Investment Trust (TSX-IIP.UN) (the “REIT”) is pleased to announce the voting results from its 2021 Annual Meeting (the “Meeting”) of unitholders held online on June 17, 2021 via live webcast. Each of the matters voted upon at the Meeting is discussed in detail in the REIT’s management information circular dated May 7, 2021 (the “Information Circular”) and is available on the REIT’s website at www.interrentreit.com/MIC2021. A total of 110,217,582 units representing approximately 77.44% of the REIT’s issued and outstanding units were voted in person and by proxy in connection with the Meeting. The voting results for each matter presented at the Meeting are provided below:

1. Election of Trustees

The following nominees listed in the Information Circular were elected as trustees of the REIT until the next annual meeting of the unitholders or until their successors are elected or appointed, and the voting results are as follows:

Nominee

 

Votes in Favour

 

Percentage of
Votes Cast

 

Votes Withheld

 

Votes Withheld as a
Percentage of Votes Cast

Paul Amirault

 

104,626,864

 

95.08%

 

5,408,375

 

4.92%

Paul Bouzanis

 

104,585,035

 

95.05%

 

5,450,204

 

4.95%

John Jussup

 

89,046,630

 

80.94%

 

20,968,609

 

19.06%

Ronald Leslie

 

108,073,631

 

98.22%

 

1,961,608

 

1.78%

Mike McGahan

 

109,613,802

 

99.62%

 

421,437

 

0.38%

Cheryl Pangborn

 

106,112,596

 

96.43%

 

3,922,643

 

3.57%

2. Election of Trustees of InterRent Trust

The trustees of the REIT were authorized to elect the nominees listed in the Information Circular as trustees of InterRent Trust, until the next annual meeting of the unitholders or until their successors are elected or appointed. The voting results for InterRent Trust are as follows:

Votes in Favour

 

Percentage of Votes Cast

 

Votes Against

 

Percentage of Votes Cast

104,617,424

 

95.08%

 

5,417,815

 

4.92%

3. Election of Directors of InterRent Holdings General Partner Limited

The trustees of the REIT were authorized to elect the nominees listed in the Information Circular as directors of InterRent Holdings General Partner Limited (“GP”), until the next annual meeting of the unitholders or until their successors are elected or appointed. The voting results for the GP are as follows:

Votes in Favour

 

Percentage of Votes Cast

 

Votes Against

 

Percentage of Votes Cast

104,829,176

 

95.27%

 

5,206,063

 

4.73%

4. Appointment of Auditor

RSM Canada LLP, Chartered Professional Accountants, were appointed as auditors of the REIT until the next annual meeting of the unitholders at remuneration to be fixed by the trustees, and the voting results are as follows:

Votes in Favour

 

Percentage of Votes Cast

 

Votes Withheld

 

Votes Withheld as a
Percentage of Votes Cast

108,499,161

 

98.51%

 

1,644,238

 

1.49%

About InterRent

InterRent REIT is a growth-oriented real estate investment trust engaged in increasing Unitholder value and creating a growing and sustainable distribution through the acquisition and ownership of multi-residential properties.

InterRent's strategy is to expand its portfolio primarily within markets that have exhibited stable market vacancies, sufficient suites available to attain the critical mass necessary to implement an efficient portfolio management structure and, offer opportunities for accretive acquisitions.

InterRent's primary objectives are to use the proven industry experience of the Trustees, Management and Operational Team to: (i) to grow both funds from operations per Unit and net asset value per Unit through investments in a diversified portfolio of multi-residential properties; (ii) to provide Unitholders with sustainable and growing cash distributions, payable monthly; and (iii) to maintain a conservative payout ratio and balance sheet.

Website: www.interrentreit.com

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Mike McGahan
Chief Executive Officer
Tel: (613) 569-5699 Ext 244
Fax: (613) 569-5698
[email protected]

Brad Cutsey, CFA
President
Tel: (613) 569-5699 Ext 226
Fax: (613) 569-5698
[email protected]

Curt Millar, CPA, CA
Chief Financial Officer
Tel: (613) 569-5699 Ext 233
Fax: (613) 569-5698
[email protected]

Comment On!

140
Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to CanadianInsider.com (via Easy Blurb).