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Primaris Real Estate Investment Trust

Primaris REIT Announces 2025 Annual General Meeting Voting Results

TORONTO--(BUSINESS WIRE)--May 1, 2025-- Primaris Real Estate Investment Trust(“Primaris” or the “Trust”) (TSX: PMZ.UN) announced today that each of the trustee nominees listed in the management information circular of Primaris dated April 1, 2025 (the “Circular”) were elected as trustees of the Trust at the annual general meeting of unitholders held May 1, 2025 (the “Meeting”). Voting results for the individual trustees of the Trust are as follows:

 

Number of Units Voted For

Percentage of Units Voted For

Number of Units Withheld for Voting

Percentage of Units Withheld from Voting

Avtar Bains

71,858,852

98.95 %

765,950

1.05 %

Anne Fitzgerald

71,297,018

98.17 %

1,327,782

1.83 %

Louis Forbes

71,134,625

97.95 %

1,490,175

2.05 %

Timothy Pire

71,847,350

98.93 %

777,452

1.07 %

Patrick Sullivan

71,853,152

98.94 %

771,650

1.06 %

Deborah Weinswig

71,806,085

98.87 %

818,715

1.13 %

In addition, Primaris is pleased to announce that the non-binding advisory resolution on the Trust’s approach to executive compensation, as set out in the Circular, was approved by 98.46% of the votes, the resolution to re-appoint KPMG LLP as the auditors of the Trust for the ensuing year and authorizing the trustees to fix the remuneration to be paid to the auditors was approved by 99.85% of the votes and the resolution to make certain amendments to the REIT’s Incentive Unit Plan, as set out in the Circular, were approved by 98.81% of the votes.

About Primaris Real Estate Investment Trust

Primaris is Canada’s only enclosed shopping centre focused REIT, with ownership interests in leading enclosed shopping centres located in growing Canadian markets. The portfolio totals 14.2 million square feet, valued at approximately $4.5 billion at Primaris’ share. Economies of scale are achieved through its fully internal, vertically integrated, full-service national management platform. Primaris is very well-capitalized and is exceptionally well positioned to take advantage of market opportunities at an extraordinary moment in the evolution of the Canadian retail property landscape.

For more information:    TSX: PMZ.UN    www.primarisreit.com     www.sedarplus.ca

Alex Avery
Chief Executive Officer
416-642-7837
aavery@primarisreit.com

Rags Davloor
Chief Financial Officer
416-645-3716
rdavloor@primarisreit.com

Claire Mahaney
VP, Investor Relations & ESG
647-949-3093
cmahaney@primarisreit.com

Timothy Pire
Chair of the Board
chair@primarisreit.com

Source: Primaris Real Estate Investment Trust