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June 11, 2020

PROREIT Announces Voting Results from 2020 Annual Meeting of Unitholders

MONTRÉAL, June 11, 2020 /CNW Telbec/ - PRO Real Estate Investment Trust ("PROREIT" or the "REIT") (TSX: PRV.UN) is pleased to announce the voting results from its annual meeting of unitholders held today in a virtual format.

A total of approximately 11.51% of the issued and outstanding voting units of the REIT were represented at the meeting, and each of the eight trustees of the REIT was re-elected as trustee of the REIT. Each trustee was re-elected by a substantial majority as follows:

Trustee

Votes
For

% Votes
For

Votes
Withheld

% Votes
Withheld


Peter Aghar

4,524,260

98.38%

74,629

1.62%


James W. Beckerleg

4,518,487

98.25%

80,402

1.75%


Vincent Chiara

4,494,158

97.72%

104,731

2.28%


Martin Coté

4,524,174

98.38%

74,715

1.62%


Shenoor Jadavji

4,522,383

98.34%

76,506

1.66%


John Levitt

4,508,830

98.04%

90,059

1.96%


Gérard A. Limoges

4,486,939

97.57%

111,950

2.43%


Ronald E. Smith

4,493,131

97.70%

105,758

2.30%

The REIT's external auditor was also reappointed at the meeting. 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 93 commercial properties across Canada representing over 4.5 million square feet of gross leasable area. Established in March 2013, PROREIT is mainly focused on strong primary and secondary markets in Québec, Atlantic Canada and Ontario, with selective exposure in Western Canada.

SOURCE PROREIT

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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