CAPREIT Announces Results of 2023 Annual General Meeting

CAPREIT Announces Results of 2023 Annual General Meeting

TORONTO, June 01, 2023 (GLOBE NEWSWIRE) -- Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN) (“CAPREIT”) announced today that, at its Annual General Meeting of Unitholders held today (the “Meeting”), each of the items of business referred to in its management information circular dated April 12, 2023 (the “Circular”) were passed by a vote held by ballot.

A total of 114,028,175 units and special voting units of CAPREIT (collectively, “Units”), in the aggregate, representing 68.06% of CAPREIT’s issued and outstanding Units were voted in connection with the Meeting. The voting results for each item of business are as follows:

Election of Trustees:

All nominees proposed in the Circular were elected as trustees.

NomineeVotes
For
% Votes
For
Votes
Withheld
% Votes
Withheld
Lori-Ann Beausoleil111,687,71998.41%1,802,7411.59%
Harold Burke107,931,46095.10%5,559,0004.90%
Gina Parvaneh Cody108,070,88995.22%5,419,5714.78%
Mark Kenney112,515,82899.14%974,6320.86%
Gervais Levasseur113,238,33599.78%252,1250.22%
Ken Silver113,299,19499.83%191,2660.17%
Jennifer Stoddart112,943,85099.52%546,6100.48%
Elaine Todres109,523,55496.50%3,966,9063.50%
René Tremblay110,250,18397.14%3,240,2772.86%
     

Appointment of Auditors

 Votes
For
% Votes
For
Votes
Withheld
% Votes
Withheld
Ernst & Young LLP, Chartered Professional Accountants110,547,37596.95%3,480,8003.05%
     

Advisory Vote on Executive Compensation

A non-binding advisory vote to accept CAPREIT’s approach to executive compensation was approved.

Votes
For
% Votes
For
Votes
Against
% Votes
Against
103,866,04691.52%9,624,4148.48%
    

About CAPREIT

CAPREIT is Canada’s largest publicly traded provider of quality rental housing. As at March 31, 2023, CAPREIT owns approximately 66,000 residential apartment suites, townhomes and manufactured home community sites well-located across Canada and the Netherlands, with approximately $17 billion of investment properties in Canada and Europe. For more information about CAPREIT, its business and its investment highlights, please visit our website at www.capreit.ca and our public disclosure which can be found under our profile at www.sedar.com.

For more information, please contact:

CAPREIT
Mr. Mark Kenney
President & Chief Executive Officer
(416) 861-9404
CAPREIT
Mr. Stephen Co
Chief Financial Officer
(416) 306-3009
CAPREIT
Mr. Julian Schonfeldt
Chief Investment Officer
(647) 535-2544