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Inovalis Real Estate Investment Trust Announces Voting Results from the 2020 Annual And Special Meeting

CNW Group - CND - Wed May 13, 5:00PM CDT

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/

Inovalis Real Estate Investment Trust (the "REIT") (TSX:INO-UN.TO)

The REIT announced today that each of the trustee nominees listed in the management information circular of the REIT dated March 24, 2020 were elected as trustees of the REIT at the annual and special meeting of unitholders held on May 13, 2020. Voting results for the individual trustees of the REIT are as follows:

Number of Units
        Percentage of
         Number of Units
        Percentage of
                         Voted For                  Units Voted              Withheld from                    Units
                                                        For                      Voting                     Withheld
                                                                                                           from Voting



     St�phane Amine                     8,891,654                    92.2%                       747,757                     7.8%


     Daniel Argiros                     9,598,521                    99.6%                        40,890                     0.4%


     Jean-Daniel
      Cohen                             7,857,847                    81.5%                     1,781,564                    18.5%


     Jo-Ann Lempert                     7,920,361                    82.2%                     1,719,050                    17.8%


     Michael
      Lagopoulos                        7,897,592                    81.9%                     1,741,819                    18.1%


     Marc Manasterski                   9,597,371                    99.6%                        42,040                     0.4%


     Michael Missaghie                  9,606,471                    99.7%                        32,940                     0.3%


     Robert J. Picard                   9,593,770                    99.5%                        45,641                     0.5%

The resolution to re-appoint EY, LLP as the auditors of the REIT for the ensuing year and authorizing the trustees to fix the remuneration to be paid to the auditors was approved by 99.8% of the votes, and the resolution to approve the Rights Plan was approved by 99.5% of the votes.

ABOUT INOVALIS REAL ESTATE INVESTMENT TRUST

Inovalis Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT has been created for the purpose of acquiring and owning office properties primarily located in France and Germany but also opportunistically in other European countries where assets meet the REIT's investment criteria.

SOURCE Inovalis Real Estate Investment Trust

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2020/13/c3072.html

SOURCE: Inovalis Real Estate Investment Trust

David Giraud, Chief Executive Officer, Inovalis Real Estate Investment Trust, Tel:
+33 1 5643 3323, david.giraud@inovalis.com; Khalil Hankach, Chief Financial Officer,
Inovalis Real Estate Investment Trust, Tel:+33 1 5643 3313,
khalil.hankach@inovalis.com

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