INTERRENT Announces Voting Results from the 2024 Annual Meeting
/NOT FOR DISTRIBUTION TO
1. Election of Trustees
The following nominees listed in the Information Circular were elected as trustees of the REIT until the next annual meeting of the unitholders or until their successors are elected or appointed, and the voting results are as follows:
Nominee |
Votes |
Percentage of |
Votes |
Votes Withheld as a |
|
109,529,790 |
97.40 % |
2,924,111 |
2.60 % |
|
111,229,567 |
98.91 % |
1,224,334 |
1.08 % |
|
106,919,754 |
95.07 % |
5,534,147 |
4.92 % |
|
111,570,492 |
99.21 % |
883,409 |
0.78 % |
|
89,343,515 |
79.44 % |
23,110,386 |
20.55 % |
|
110,905,091 |
98.62 % |
1,548,810 |
1.37 % |
|
96,044,372 |
85.42 % |
16,390,068 |
14.57 % |
|
111,817,582 |
99.43 % |
636,319 |
0.56 % |
|
112,246,216 |
99.81 % |
207,685 |
0.18 % |
2.
Election of Trustees of
Nominee |
Votes |
Percentage of |
Votes |
Votes Withheld as a |
|
101,802,049 |
90.52 % |
10,651,852 |
9.47 % |
|
111,227,967 |
98.91 % |
1,225,934 |
1.09 % |
|
106,919,754 |
95.07 % |
5,534,147 |
4.92 % |
|
108,806,563 |
96.75 % |
3,647,338 |
3.24 % |
|
89,345,877 |
79.45 % |
23,108,024 |
20.54 % |
|
110,906,191 |
98.62 % |
1,547,710 |
1.37 % |
|
109,737,490 |
97.60 % |
2,696,950 |
2.39 % |
|
111,965,360 |
99.56 % |
488,541 |
0.43 % |
|
112,107,896 |
99.69 % |
346,005 |
0.30 % |
The trustees of the REIT were authorized to elect the nominees listed in the Information Circular as trustees of
3.
Election of Directors of
The trustees of the REIT were authorized to elect the nominees listed in the Information Circular as directors of
Nominee |
Votes |
Percentage of Votes |
Votes |
Votes Withheld as a |
|
105,595,400 |
93.90 % |
6,858,501 |
6.09 % |
|
101,092,353 |
89.89 % |
11,361,548 |
10.10 % |
|
111,992,327 |
99.59 % |
461,574 |
0.41 % |
4. Appointment of Auditors
Votes in |
Percentage of Votes |
Votes |
Votes Withheld as a |
95,953,913 |
85.14 % |
16,735,432 |
14.85 % |
InterRent REIT is a growth-oriented real estate investment trust engaged in increasing Unitholder value and creating a growing and sustainable distribution through the acquisition and ownership of multi-residential properties.
InterRent's strategy is to expand its portfolio primarily within markets that have exhibited stable market vacancies, sufficient suites available to attain the critical mass necessary to implement an efficient portfolio management structure, and offer opportunities for accretive acquisitions.
InterRent's primary objectives are to use the proven industry experience of the Trustees, Management and Operational Team to: (i) to grow both funds from operations per Unit and net asset value per Unit through investments in a diversified portfolio of multi-residential properties; (ii) to provide Unitholders with sustainable and growing cash distributions, payable monthly; and (iii) to maintain a conservative payout ratio and balance sheet.
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