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Crombie REIT Announces Voting Results and Election of Trustees

CNW Group - Fri May 8, 1:53PM CDT

Crombie Real Estate Investment Trust ("Crombie") (TSX:CRR-UN.TO) is pleased to announce the election of each of the nominees proposed for election at the general meeting of unitholders held on May 7, 2020. The vote was conducted by ballot through the facilities of the webcast. In compliance with TSX rules, following are the detailed proxy tabulations for the appointment of Trustees, with over 99% of the votes at the meeting being represented by proxy.

Trustee Proxy tabulations


                                           For            Withheld

       Paul V. Beesley                   105,478,621       113,541


       Donald E. Clow                    105,493,897        98,265


       John C. Eby                       105,451,398       140,764


        J. Michael Knowlton               105,490,902       101,260


       Barbara Palk                      105,464,805       127,357


       Jason P. Shannon                  105,486,403       105,759


       Karen Weaver                       92,030,101    13,562,061


Voting results on additional resolutions were as follows:

Resolution   Proxy tabulations


                                                        For          Withheld

        Appointment of Auditors:
         PricewaterhouseCoopers LLP                    104,416,081   1,197,447

Resolution   Proxy tabulations


                                                        For           Against

        Approval for the authorization of
         the Trustees to fix remuneration
         of the Auditors                               104,422,016   1,201,366


        Approve an advisory resolution on
         executive compensation                        101,987,411   3,599,056


Karen Weaver Elected to the Board of Trustees

Crombie REIT is pleased to announce the election of Karen Weaver to its Board of Trustees. Ms. Weaver has over 30 years of experience in real estate, public financial accounting, reporting and corporate operations. Currently President and CEO of MCAN Mortgage Corporation, Ms. Weaver was the Executive Vice President and Chief Financial Officer of publicly listed corporations DH Corporation (2014-2017) and First Capital Realty Inc. (2004-2014). She held previous positions as Senior Vice President and CFO at Brookfield Properties Corporation, Canadian Operations and Gentra Inc.

Ms. Weaver is currently a Trustee of Northwest Healthcare Properties REIT, where she also serves as an audit committee member, and a member of the Board of Directors for MCAP Commercial LP. She holds a BBA from Old Dominion University and an ICD.D designation from the Institute of Corporate Directors and is a licensed public accountant (CPA) from Washington State, USA. Ms. Weaver holds a NACD CERT in Cybersecurity Oversight.

Retirement and Committee Chair Update

Elisabeth Stroback has announced her retirement from the Board of Trustees. As a member of the Board since Crombie's IPO, her valued contributions and commitment have been unwavering. Crombie thanks Elisabeth for her instrumental role in helping guide the Board and Crombie.

John Eby will replace Ms. Stroback as the Governance and Nominating Committee Chair.

About Crombie REIT

Crombie Real Estate Investment Trust ("Crombie") is an unincorporated, open-ended real estate investment trust established under, and governed by, the laws of the Province of Ontario. Crombie is one of the country's leading national retail property landlords with a strategy to own, operate and develop a portfolio of high-quality grocery and pharmacy-anchored shopping centres, freestanding stores and mixed-use developments, primarily in Canada's top urban and suburban markets. More information about Crombie can be found at


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Media Contact, Clinton Keay, CPA, CA, Chief Financial Officer and Secretary,
902-755-8100; Claire Mahaney Lyon, CFA, MFM, Manager, Investor Relations,

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