WINNIPEG, MB, May 21, 2021 /CNW/ - Artis Real Estate
Investment Trust ("Artis" or the "REIT") (TSX: AX.UN) announced
today the results of matters voted on at its annual and special
meeting of unitholders held on May 21,
2021 (the "Meeting").
"We are very pleased to have received overwhelming support from
the owners of Artis for all matters presented at the Meeting, along
with record unitholder turnout," said Ben
Rodney, Chair of the Board of Trustees. "With this strong
endorsement, we can now focus on execution and performance. Artis'
vision and strategy are bold, unique and unprecedented in the
Canadian capital markets, and we are excited to deviate from the
industry status-quo and be at the forefront of innovation. The
board of trustees and leadership team are committed to building
Artis into a best-in-class asset management and investment platform
focused on value investing in real estate which will reward
investors with growing distributions and significant value
creation."
The total number of units represented by unitholders present in
person (virtually) or by proxy at the Meeting was 87,861,524,
representing 66.27% of Artis' outstanding units.
1. Number of Trustees
The unitholders passed a resolution to fix the number of
Trustees of the REIT at seven (7). The results of the vote are set
out below:
Votes
For
|
%
For
|
Votes
Against
|
%
Against
|
86,566,351
|
99.08
|
800,306
|
0.92
|
2. Election of Trustees
The unitholders passed a resolution to elect the following
nominees named in the Management Information Circular dated
April 12, 2021 (the "Information
Circular"), as Trustees for the ensuing year to hold office from
the close of the Meeting until the close of the next annual meeting
of unitholders. The results of the vote are set out below:
Name of
Nominee
|
Votes
For
|
%
For
|
Votes
Withheld
|
%
Withheld
|
Heather-Anne
Irwin
|
86,254,614
|
98.73
|
1,112,043
|
1.27
|
Samir
Manji
|
84,945,477
|
97.23
|
2,421,180
|
2.77
|
Ben Rodney
|
84,990,652
|
97.28
|
2,376,005
|
2.72
|
Mike
Shaikh
|
83,572,756
|
95.66
|
3,793,901
|
4.34
|
Aida
Tammer
|
85,746,707
|
98.15
|
1,619,950
|
1.85
|
Lis
Wigmore
|
86,134,370
|
98.59
|
1,232,287
|
1.41
|
Lauren
Zucker
|
85,789,176
|
98.19
|
1,577,481
|
1.81
|
3. Appointment of External
Auditor
The unitholders passed a resolution reappointing Deloitte LLP as
external auditor of the REIT for the ensuing year and authorizing
the Trustees to fix the remuneration of the external auditor. The
results of the vote are set out below:
Votes
For
|
%
For
|
Votes
Withheld
|
%
Withheld
|
85,109,085
|
96.87
|
2,752,439
|
3.13
|
4. Advisory Vote on Executive
Compensation
The unitholders accepted, on an advisory basis, the REITs
approach to executive compensation. The results of the vote are set
out below:
Votes
For
|
%
For
|
Votes
Against
|
%
Against
|
78,408,652
|
89.75
|
8,958,005
|
10.25
|
5. Amendment to the
REIT's Declaration of Trust
The unitholders passed a special resolution approving certain
amendments to the REIT's declaration of trust, as more particularly
described in the Information Circular. The results of the vote are
set out below:
Votes
For
|
%
For
|
Votes
Against
|
%
Against
|
84,425,217
|
96.63
|
2,941,440
|
3.37
|
6. Conversion from a
"Closed-End" Trust to an "Open-End" Trust
The unitholders passed a special resolution granting the
Trustees the authority, if and when they consider desirable, to
convert the REIT from a "closed-end" trust to an "open-end" trust,
as more particularly described in the Information Circular. The
results of the vote are set out below:
Votes
For
|
%
For
|
Votes
Against
|
%
Against
|
84,466,699
|
96.68
|
2,899,958
|
3.32
|
*********
Artis is a diversified Canadian real estate investment trust
with a portfolio of industrial, office and retail properties in
Canada and the United States. Artis' vision is to build a
best-in-class asset management and investment platform focused on
growing net asset value per unit and distributions for investors
through value investing in real estate.
Cautionary Statements
This press release contains forward-looking statements. For this
purpose, any statements contained herein that are not statements of
historical fact may be deemed to be forward-looking statements.
Without limiting the foregoing, the words "expects", "anticipates",
"intends", "estimates", "projects", "seeks", and similar
expressions or variations of such words and phrases or state that
certain actions, events or results ''may'', ''would'' or ''will''
occur or be achieved are intended to identify forward-looking
statements. Particularly, statements regarding the Business
Transformation Plan, the steps required to implement the Business
Transformation Plan, building Artis into a best-in-class asset
management and investment platform focused on value investing in
real estate, growing distributions and significant value creation
are forward-looking statements. Forward-looking statements are
based on a number of factors and assumptions which have been used
to develop such statements, but which may prove to be incorrect.
Artis cannot assure investors that actual results will be
consistent with any forward-looking statements and Artis assumes no
obligation to update or revise such forward-looking statements to
reflect actual events or new circumstances. All forward-looking
statements contained in this press release are qualified by this
cautionary statement.
SOURCE Artis Real Estate Investment Trust