Cominar Real Estate Investment Trust Announces Election of Trustees

Cominar Real Estate Investment Trust Announces Election of Trustees

Canada NewsWire

QUÉBEC CITY, May 10, 2016

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QUÉBEC CITY, May 10, 2016 /CNW Telbec/ - Cominar Real Estate Investment Trust ("Cominar" or the "REIT") (TSX: CUF.UN) announced today that each trustee nominee listed in the Management Proxy Circular dated March 31, 2016, other than Mr. Robert Després who announced that he would withdraw his candidacy for health reasons, was elected as Trustee of the REIT during the Annual and Special Meeting of the Unitholders held today in Québec City, Québec.

The details of the election are as follows:

Trustee nominee	Outcome	Votes for	% for	Votes withheld	% withheld
Gérard Coulombe	Elected	85,161,498	97.82	1,901,941	2.18
Alain Dallaire	Elected	85,476,451	98.17	1,596,682	1.83
Michel Dallaire	Elected	86,178,426	98.97	894,707	1.03
Ghislaine Laberge	Elected	85,901,415	98.67	1,162,024	1.33
Alban D'Amours	Elected	86,698,614	99.57	374,519	0.43
Mary-Ann Bell	Elected	85,975,541	98.74	1,097,591	1.26
Johanne M. Lépine	Elected	86,781,423	99.68	282,016	0.32
Michel Théroux	Elected	86,777,349	99.66	295,784	0.34
Luc Bachand	Elected	86,764,927	99.65	308,206	0.35

The REIT also announced that, following the withdrawal of the candidacy of Mr. Robert Després, Michel Dallaire was appointed as Chairman of the Board and Gérard Coulombe will act as Independent Lead Director. Michel Dallaire also remains Chief Executive Officer of the REIT.

The results of the final votes regarding all matters subject to a vote during the annual and special meeting will be available on the SEDAR website (www.sedar.com).

PROFILE AS AT MAY 10, 2016

Cominar is the third largest diversified real estate investment trust in Canada and currently remains the largest commercial property owner in the Province of Quebec. The REIT owns a real estate portfolio of 537 properties in three different market segments, that is, office properties, retail properties and industrial and mixed-use properties. Cominar's portfolio totals 44.8 million square feet spread out across Quebec, Ontario, the Atlantic Provinces and Western Canada. Cominar's objectives are to pay growing cash distributions to unitholders and to maximize unitholder value through proactive management and the expansion of its portfolio.

SOURCE Cominar Real Estate Investment Trust

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