CALGARY, March 12, 2020 /CNW/ - Mainstreet Equity Corp.
("Mainstreet" or the "Corporation") (TSX:MEQ) is pleased to
announce the results of the annual meeting of shareholders held on
March 12, 2020 (the "Meeting"). The
meeting had a very strong shareholder turnout with holders of
approximately 90% of the issued and outstanding common shares
represented in person or by proxy.
Navjeet (Bob) Dhillon,
Joseph Amantea, Richard Grimaldi, Karanveer Dhillon,
John Irwin and Ron Anderson were re-elected to the board of
directors of the Corporation for the upcoming year as follows:
|
Outcome of the
Vote
|
Votes
For
|
%
|
Withheld
|
%
|
|
Navjeet (Bob)
Dhillon
|
Elected
|
7,206,479
|
85.49
|
1,223,610
|
14.51
|
|
Joseph
Amantea
|
Elected
|
6,991,228
|
82.93
|
1,438,861
|
17.07
|
|
Richard
Grimaldi
|
Elected
|
7,902,978
|
93.75
|
527,111
|
6.25
|
|
Karanveer
Dhillon
|
Elected
|
7,518,320
|
89.18
|
911,769
|
10.82
|
|
John Irwin
|
Elected
|
8,429,089
|
99.99
|
1,000
|
0.01
|
|
Ron
Anderson
|
Elected
|
8,314,461
|
98.63
|
115,628
|
1.37
|
PricewaterhouseCoopers LLP was re-appointed as the Corporation's
auditor.
Details in respect of all of the resolutions approved at the
annual meeting of shareholders may be found in the management
information circular prepared in connection with the meeting dated
February 7, 2020 which is available on SEDAR at
www.sedar.com.
About Mainstreet
Mainstreet is a Calgary-based,
growth-oriented real estate corporation focused on the acquisition,
redevelopment, repositioning, and asset and property management of
mid-market apartment buildings. The Corporation currently owns and
operates residential rental units, including apartments and
townhouses, in the B.C. Lower Mainland, Airdrie, Calgary, Edmonton, Lethbridge, Saskatoon and Regina.
Mainstreet's common shares are listed on the Toronto Stock
Exchange under the symbol "MEQ". There are currently 9,381,730
common shares outstanding.
SOURCE Mainstreet Equity Corporation