/NOT FOR DISTRIBUTION TO UNITED
STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES/
OTTAWA,
ON, April 24, 2024 /CNW/ - InterRent Real
Estate Investment Trust (TSX: IP.UN) (the "REIT") is pleased to
announce the voting results from its 2024 Annual Meeting (the
"Meeting") of unitholders held on April 24,
2024. Each of the matters voted upon at the Meeting is
discussed in detail in the REIT's management information circular
dated March 13, 2024 (the
"Information Circular") and is available on the REIT's website at
www.irent.com/MIC2024. A total of 112,882,376 units representing
approximately 76.59% 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 in Favour
|
Votes
Withheld
|
Votes Withheld as
a
Percentage of Votes Cast
|
Paul
Amirault
|
109,529,790
|
97.40 %
|
2,924,111
|
2.60 %
|
Jean-Louis
Bellemare
|
111,229,567
|
98.91 %
|
1,224,334
|
1.08 %
|
Brad Cutsey
|
106,919,754
|
95.07 %
|
5,534,147
|
4.92 %
|
Judy
Hendriks
|
111,570,492
|
99.21 %
|
883,409
|
0.78 %
|
John Jussup
|
89,343,515
|
79.44 %
|
23,110,386
|
20.55 %
|
Ronald
Leslie
|
110,905,091
|
98.62 %
|
1,548,810
|
1.37 %
|
Mike McGahan
|
96,044,372
|
85.42 %
|
16,390,068
|
14.57 %
|
Meghann
O'Hara-Fraser
|
111,817,582
|
99.43 %
|
636,319
|
0.56 %
|
Cheryl
Pangborn
|
112,246,216
|
99.81 %
|
207,685
|
0.18 %
|
2. Election of
Trustees of InterRent Trust
Nominee
|
Votes
in Favour
|
Percentage of
Votes Cast in Favour
|
Votes
Withheld
|
Votes Withheld as
a
Percentage of Votes Cast
|
Paul
Amirault
|
101,802,049
|
90.52 %
|
10,651,852
|
9.47 %
|
Jean-Louis
Bellemare
|
111,227,967
|
98.91 %
|
1,225,934
|
1.09 %
|
Brad Cutsey
|
106,919,754
|
95.07 %
|
5,534,147
|
4.92 %
|
Judy
Hendriks
|
108,806,563
|
96.75 %
|
3,647,338
|
3.24 %
|
John Jussup
|
89,345,877
|
79.45 %
|
23,108,024
|
20.54 %
|
Ronald
Leslie
|
110,906,191
|
98.62 %
|
1,547,710
|
1.37 %
|
Mike McGahan
|
109,737,490
|
97.60 %
|
2,696,950
|
2.39 %
|
Meghann
O'Hara-Fraser
|
111,965,360
|
99.56 %
|
488,541
|
0.43 %
|
Cheryl
Pangborn
|
112,107,896
|
99.69 %
|
346,005
|
0.30 %
|
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 the
InterRent Trust are as follows:
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:
Nominee
|
Votes
in Favour
|
Percentage of
Votes
Cast in Favour
|
Votes
Withheld
|
Votes Withheld as
a
Percentage of Votes Cast
|
Brad Cutsey
|
105,595,400
|
93.90 %
|
6,858,501
|
6.09 %
|
Mike McGahan
|
101,092,353
|
89.89 %
|
11,361,548
|
10.10 %
|
Curt Millar
|
111,992,327
|
99.59 %
|
461,574
|
0.41 %
|
4. Appointment of
Auditors
RSM Canada LLP, Chartered Professional Accountants, were
re-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 in Favour
|
Votes
Withheld
|
Votes Withheld as
a
Percentage of Votes Cast
|
95,953,913
|
85.14 %
|
16,735,432
|
14.85 %
|
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.
The Toronto Stock Exchange has not reviewed and does
not accept responsibility for the adequacy or accuracy of this
release.
SOURCE InterRent Real Estate Investment Trust