CALGARY,
AB, May 10, 2022 /CNW/ - Boardwalk Real Estate
Investment Trust (TSX: BEI.UN) (the "Trust") announced today
the results of matters voted on at its annual general meeting of
unitholders held via live audio webcast on May 9, 2022 (the "Meeting"), which
included the election of all the trustee nominees listed in the
Trust's management information circular dated March 18, 2022. The voting results for each
of the matters considered at the Meeting are presented below.
All resolutions were conducted by ballot.
The total number of units (or Class B Units ("LP B
Units") of Boardwalk REIT Limited Partnership exchangeable
into units) represented by unitholders present in person or by
proxy at the meeting was 41,679,586, representing 82.58% of the
Trust's outstanding units (including the LP B Units).
1. Number of Trustees – The
resolution to fix the number of Trustees to be elected at the
meeting at no more than seven was passed as follows:
Votes
For
|
Proxy %
For
|
Votes
Against
|
Percent %
Against
|
Outcome
|
41,228,736
|
99.70%
|
123,800
|
0.30%
|
Carried
|
2. Election of Trustees –
The following seven nominees were elected as trustees by resolution
passed by a majority of the unitholders: Mandy Abramsohn, Andrea
Goertz, Gary Goodman,
Sam Kolias, Samantha Kolias-Gunn, Scott Morrison and Brian
G. Robinson. Each of the trustees received the
following votes for their election:
Trustee
|
Proxy Votes
For
|
Percent
%
|
Proxy Votes
Withheld
|
Percent
%
|
Outcome
|
Mandy
Abramsohn
|
41,101,576
|
99.39%
|
250,960
|
0.61%
|
Carried
|
Andrea
Goertz
|
38,641,162
|
93.44%
|
2,711,374
|
6.56%
|
Carried
|
Gary Goodman
|
40,197,407
|
97.21%
|
1,155,129
|
2.79%
|
Carried
|
Sam Kolias
|
40,138,392
|
97.06%
|
1,214,144
|
2.94%
|
Carried
|
Samantha
Kolias-Gunn
|
40,951,769
|
99.03%
|
400,767
|
0.97%
|
Carried
|
Scott
Morrison
|
41,081,292
|
99.34%
|
271,244
|
0.66%
|
Carried
|
Brian G.
Robinson
|
37,501,983
|
90.69%
|
3,850,553
|
9.31%
|
Carried
|
3. Appointment of Auditors –
Deloitte LLP was reappointed as the auditor of the Trust (and the
trustees were authorized to fix their remuneration) by resolution
passed as follows:
Proxy Votes
For
|
Proxy %
For
|
Proxy Votes
Withheld
|
Percent %
Withheld
|
Outcome
|
39,867,778
|
95.65%
|
1,811,808
|
4.35%
|
Carried
|
4. Executive Compensation
Advisory Note – The resolution, on an advisory, non-binding
basis, to accept the approach to executive compensation disclosed
in the "Compensation Discussion and Analysis" section of the
management information circular of the Trust dated March 23, 2021 was passed as follows:
Votes
For
|
Proxy %
For
|
Votes
Against
|
Percent %
Against
|
Outcome
|
40,139,306
|
97.07%
|
1,213,230
|
2.93%
|
Carried
|
CORPORATE PROFILE
Boardwalk REIT strives to be Canada's friendliest community provider and is
a leading owner/operator of multi-family rental communities.
Providing homes in more than 200 communities, with over 33,000
residential units totaling over 28 million net rentable square
feet, Boardwalk has a proven long-term track record of building
better communities, where love always livestm. Our
three-tiered and distinct brands: Boardwalk Living, Boardwalk
Communities, and Boardwalk Lifestyle, cater to a large diverse
demographic and has evolved to capture the life cycle of all
Resident Members. Boardwalk's disciplined approach to capital
allocation, acquisition, development, purposeful re-positioning,
and management of apartment communities allows the Trust to provide
its brand of community across Canada creating exceptional Resident Member
experiences. Differentiated by its peak performance culture,
Boardwalk is committed to delivering exceptional service, product
quality and experience to our Resident Members who reward us with
high retention and market leading operating results, which in turn,
lead to higher free cash flow and investment returns, stable
monthly distributions, and value creation for all our
stakeholders.
Boardwalk REIT's Trust units are listed on the Toronto Stock
Exchange, trading under the symbol BEI.UN. Additional
information about Boardwalk REIT can be found on the Trust's
website at www.bwalk.com/investors.
For more information, please contact Boardwalk Investor
Relations at 403-531-9255 and/or investor@bwalk.com.
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SOURCE Boardwalk Real Estate Investment Trust