Artis Real Estate Investment Trust Announces Voting Results From the 2021 Annual and Special Meeting of Unitholders
WINNIPEG, MB, May 21, 2021 / CNW / – Artis Real Estate Investment Trust (“Artis” or the “REIT”) (TSX: AX.UN) today announced the results of matters voted on at its annual and special meeting of shareholders May 21, 2021 (the meeting”).
“We are delighted to have received overwhelming support from the owners of Artis for all of the matters presented at the meeting as well as the record participation of shareholders,” he said Ben Rodney, Chairman of the Board of Trustees. “With this strong support, we can now focus on execution and performance. Artis’ vision and strategy are bold, unique and unprecedented in the Canadian capital markets. We are excited to deviate from the status quo in the industry and be at the forefront.” Innovation. The Board of Trustees and executive team are committed to making Artis a premier wealth management and investment platform that focuses on real estate value investments and rewards investors with growing dividends and significant value creation. “
The total number of Shares represented by Shareholders who were present in person (virtually) or by proxy was 87,861,524, representing 66.27% of Artis Shares outstanding.
1. Number of trustees
Shareholders have decided to set the number of trustees in the REIT at seven (7). The voting results are shown below:
|
vote for |
% To the |
vote against |
% Against |
|
86,566,351 |
99.08 |
800.306 |
0.92 |
2. Choice of trustees
Shareholders have decided to publish the following in the Management Information Circular dated April 12, 2021 (the “Information Circular”) as trustees for the following year from the end of the meeting until the end of the next annual meeting of Shareholders. The voting results are shown below:
|
Name of the nominee |
vote for |
% To the |
Voices held back |
% 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 Sugar |
85,789,176 |
98.19 |
1,577,481 |
1.81 |
3. Appointment of an external auditor
The shareholders passed a resolution in which Deloitte LLP was reappointed the external auditor of the REIT for the following year and the trustees were authorized to set the remuneration of the external auditor. The voting results are shown below:
|
vote for |
% To the |
Voices held back |
% Withheld |
|
85,109,085 |
96.87 |
2,752,439 |
3.13 |
4. Consultative vote on executive remuneration
Shareholders accepted the REIT approach to executive compensation on an advisory basis. The voting results are shown below:
|
vote for |
% To the |
vote against |
% Against |
|
78,408,652 |
89.75 |
8,958,005 |
10.25 |
5. Amendment of the REIT’s declaration of trust
Shareholders have passed a special resolution approving certain changes to the REIT’s Declaration of Confidence, as detailed in the information circular. The voting results are shown below:
|
vote for |
% To the |
vote against |
% Against |
|
84.425.217 |
96.63 |
2,941,440 |
3.37 |
6. Converting a “closed” trust relationship to an “open” trust relationship
Shareholders have passed a special resolution authorizing the Trustees to convert the REIT from a “closed” trust to an “open” trust, as detailed in the information circular. The voting results are shown below:
|
vote for |
% To the |
vote against |
% Against |
|
84.466.699 |
96.68 |
2,899,958 |
3.32 |
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Artis is a diversified Canadian real estate mutual fund with a portfolio of industrial, office and retail properties in Canada and The United States. Artis’ vision is to build a world-class wealth management and investment platform designed to increase Net Asset Value per Share and distributions for investors through value investments in real estate.
Warning notices
This press release contains forward-looking statements. For that purpose, all statements contained herein that are not historical facts may be viewed as forward-looking statements. Without limiting the foregoing, the words “expected”, “anticipated”, “intends”, “estimates”, “projected”, “seeks” and similar expressions or variations of such words and phrases indicate or indicate that certain actions, events or results, “may,” “would,” or “will” occur or be reached in order to identify forward-looking statements. In particular, statements on the Business Transformation Plan, the steps required to implement the Business Transformation Plan to make Artis a premier wealth management and investment platform focused on real estate value investments, growing dividends and significant value creation, are forward looking. looking statements. Forward-looking statements are based on a number of factors and assumptions that were used to develop such statements but which may prove to be incorrect. Artis cannot assure investors that actual results will match 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
For more information: Please contact Mr. Samir Manji, President and Chief Executive Officer, at 1.204.947.1250, or Ms. Heather Nikkel, Vice President Investor Relations for the REIT
similar links
http://www.artisreit.com