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SmartCentres Real Estate Investment Trust Announces Voting Results from Annual Meeting of Holders of Units and Special Voting Units

May 16, 2024 | blog

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TORONTO, May 15, 2024 (GLOBE NEWSWIRE) — SmartCentres Real Estate Investment Trust (“SmartCentres” or the “Trust”) (TSX:SRU.UN) introduced right now the voting outcomes from its Annual General Meeting of the holders of Units and Special Voting Units (the “Meeting”) held right now.

The complete variety of Units and Special Voting Units of SmartCentres (“Units” and “SVUs”, respectively) represented by holders of Units and SVUs (collectively, “Unitholders”) that voted in reference to the Meeting was 65,852,149 Units and 42,640,238 SVUs, representing in complete 57.74% of SmartCentres’ issued and excellent Units and SVUs. At the Meeting, Unitholders voted in favour of all objects of enterprise, together with fixing the variety of trustees to be elected or appointed on the Meeting and the election of every of the six trustee nominees proposed by administration. The voting outcomes for the election of trustees based mostly on the Units and SVUs represented on the Meeting have been as follows:

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  # Votes For % Votes For # Votes Withheld % Votes Withheld
Janet Bannister 104,939,360 96.99% 3,257,960 3.01%
Neil Cunningham 107,680,206 99.52% 517,384 0.48%
Garry Foster 107,498,540 99.35% 699,050 0.65%
Sylvie Lachance 107,583,731 99.43% 613,859 0.57%
Sharm Powell 103,648,321 95.80% 4,548,999 4.20%
Michael Young 102,354,803 94.77% 5,650,379 5.23%
 

At the Meeting, PricewaterhouseCoopers LLP was appointed because the auditor of SmartCentres. Also, 93.35% of Unitholders voted in favour of accepting SmartCentres’ method to govt compensation (i.e. say-on-pay), as extra significantly set forth in SmartCentres’ Management Information Circular dated April 5, 2024 (the “Circular”).

Detailed voting outcomes for the Meeting can be found beneath SmartCentres’ profile on SEDAR+ at www.sedarplus.ca.

About SmartCentres

SmartCentres is one among Canada’s largest absolutely built-in REITs, with a best-in-class and rising mixed-use portfolio that includes 193 strategically situated properties in communities throughout the nation. SmartCentres has roughly $11.9 billion in belongings and owns 35.1 million sq. toes of revenue producing value-oriented retail and first-class workplace properties with 97.7% in place and dedicated occupancy, on 3,500 acres of owned land throughout Canada.

For extra info, please go to www.smartcentres.com or contact:


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