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Boardwalk Real Estate Investment Trust TSX: BEI-UN-T

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Boardwalk Reit Announces Voting Results From 2021 Annual General Meeting of Unitholders

PR Newswire - PRF - Thu May 13, 9:30PM CDT
  

CALGARY, AB , May 13, 2021 /PRNewswire/ - Boardwalk Real Estate Investment Trust (TSX:BEI-UN.TO) (the " Trust ") announced today the results of matters voted on at its annual general meeting of unitholders held via live audio webcast on May 13, 2021 (the " Meeting "), which included the election of all the trustee nominees listed in the Trust's management information circular dated March 23 , 2021.  The voting results for each of the matters considered at the Meeting are presented below.  All resolutions were conducted by ballot.

The total number of units (or Class B Units (" LP B Units ") of Boardwalk REIT Limited Partnership exchangeable into units) represented by unitholders present in person or by proxy at the meeting was 36,284,433, representing 71.11% of the Trust's outstanding units (including the LP B Units).

1.  Number of Trustees – The resolution to fix the number of Trustees to be elected at the meeting at no more than seven was passed as follows:

Votes For

Proxy % For

Votes Against

Percent % Against

Outcome

35,854,255

99.66%

123,916

0.34%

Carried

2.  Election of Trustees – The following seven nominees were elected as trustees by resolution passed by a majority of the unitholders:  Scott Morrison , Gary Goodman , Arthur L. Havener, Jr. , Sam Kolias , Samantha Kolias-Gunn , Brian G. Robinson and Andrea Goertz .  Each of the trustees received the following votes for their election:

Trustee

Proxy Votes
For

Percent
%

Proxy Votes
Withheld

Percent
%

Outcome

Andrea Goertz

34,750,205

96.59%

1,227,966

3.41%

Carried

Gary Goodman

35,254,548

97.99%

723,623

2.01%

Carried

Arthur L. Havener, Jr.

32,459,031

90.22%

3,519,140

9.78%

Carried

Sam Kolias

34,577,100

96.11%

1,401,071

3.89%

Carried

Samantha Kolias-Gunn

35,622,573

99.01%

355,598

0.99%

Carried

Scott Morrison

35,863,759

99.68%

114,412

0.32%

Carried

Brian G. Robinson

33,490,718

93.09%

2,487,453

6.91%

Carried

3.  Appointment of Auditors – Deloitte LLP was reappointed as the auditor of the Trust (and the trustees were authorized to fix their remuneration) by resolution passed as follows:

Proxy Votes For

Proxy % For

Proxy Votes
Withheld

Percent %
Withheld

Outcome

35,609,863

98.14%

674,570

1.86%

Carried

4.  Executive Compensation Advisory Note – The resolution, on an advisory, non-binding basis, to accept the approach to executive compensation disclosed in the "Compensation Discussion and Analysis" section of the management information circular of the Trust dated March 23, 2021 was passed as follows:

Votes For

Proxy % For

Votes Against

Percent % Against

Outcome

35,230,542

97.92%

747,629

2.08%

Carried

CORPORATE PROFILE

Boardwalk REIT strives to be Canada's friendliest landlord and is a leading owner/operator of multi-family rental communities. Providing homes in more than 200 communities, with over 33,000 residential units totaling over 28 million net rentable square feet, Boardwalk has a proven long-term track record of building better communities, where love always lives™. Our three-tiered and distinct brands: Boardwalk Living, Boardwalk Communities and Boardwalk Lifestyle, cater to a large and diverse demographic and has evolved to capture the life cycle of all Resident Members. Boardwalk's disciplined approach to capital allocation, acquisition, development, purposeful re-positioning and management of apartment communities allows the Trust to provide its brand of community across Canada creating exceptional Resident Member experiences. Differentiated by its peak performance culture, Boardwalk is committed to delivering exceptional service, product quality and experience to our Resident Members who reward us with high retention and market leading operating results, which in turn, lead to higher free cashflow and investment returns, stable monthly distributions and value creation for all our stakeholders.

Boardwalk REIT's units are listed on the Toronto Stock Exchange, trading under the symbol BEI.UN.  Additional information about Boardwalk REIT can be found on the Trust's website at www.bwalk.com/investors .

Cision View original content: http://www.prnewswire.com/news-releases/boardwalk-reit-announces-voting-results-from-2021-annual-general-meeting-of-unitholders-301291435.html

SOURCE Boardwalk Real Estate Investment Trust

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COMTEX_386549644/2454/2021-05-13T22:30:08

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