PROREIT announces voting results from 2019 annual and special meeting of unitholders.

4 June 2019

PRO Real Estate Investment Trust (“PROREIT” or the “REIT”) (TSX: PRV.UN) is pleased to announce the voting results from its annual and special meeting of unitholders held today in Montréal, Québec.

A total of approximately 16.5% of the issued and outstanding voting units of the REIT were represented either in person or by proxy at the meeting, and each of the eight trustees of the REIT was re-elected as trustee of the REIT. Based on proxies received prior to the meeting, each trustee was re-elected by a substantial majority as follows: 

Trustee

Votes
For

% Votes
For

Votes
Withheld

%Votes Withheld

Peter Aghar

15,106,353

99.248%

114,523

0.752%

James W. Beckerleg

15,103,203

99.227%

117,673

0.773%

Vincent Chiara

15,043,903

98.837%

176,973

1.163%

Martin Coté

15,030,255

98.748%

190,621

1.252%

Shenoor Jadavji

15,061,968

98.956%

158,908

1.044%

John Levitt

15,028,340

98.735%

192,536

1.265%

Gérard A. Limoges

15,000,465

98.552%

220,411

1.448%

Ronald E. Smith

15,017,888

98.666%

202,988

1.334%

The REIT’s external auditor was also reappointed at the meeting, and the reconfirmation and amendment of the REIT’s unitholder rights agreement was also approved at the meeting by the REIT’s unitholders. Final voting results on all matters voted on at the meeting will be filed under PROREIT’s profile on SEDAR at www.sedar.com.

About PROREIT

PROREIT (www.proreit.com) is an unincorporated open-ended real estate investment trust owning a diversified portfolio of 84 commercial properties across Canada representing over 3.7 million square feet of gross leasable area. Established in March 2013, PROREIT is mainly focused on strong secondary markets in Québec, Atlantic Canada and Ontario, with selective exposure in Western Canada.

NOT FOR DISSEMINATION IN THE UNITED STATES OR DISTRIBUTION THROUGH UNITED STATES NEWS OR WIRE SERVICES.

For further information:

PRO Real Estate Investment Trust
James W. Beckerleg
President and Chief Executive Officer
514-933-9552

PRO Real Estate Investment Trust
Gordon G. Lawlor, CPA, CA
Executive Vice President, Chief Financial Officer and Secretary
514-933-9552

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