Le Lézard
Classified in: Business

Canadian Net REIT Announces Voting Results From the 2022 Annual Meeting of Unitholders and the Grant of Performance Units

MONTREAL, May 27, 2022 (GLOBE NEWSWIRE) -- (TSX-V: NET.UN) Canadian Net Real Estate Investment Trust ("Canadian Net" or the "Trust") announces the voting results from its annual meeting of unitholders held on May 25 in a virtual format and the grant of performance units to members of management as per the equity incentive plan of the Trust (the "Equity Incentive Plan").

A total of 37.65% of the issued and outstanding voting units of the Trust were represented at the meeting.

Unitholders of the Trust voted for the re-election of Canadian Net's seven trustees, for the appointment of MNP LLP as auditors of the Trust, and for the Equity Incentive Plan of the Trust. The votes were as follows:

Voting itemVotes for% Votes forVotes against% Votes againstVotes Withheld% Votes Withheld
Michael Zakuta7,357,32295.37%--357,3954.63%
Guy Laframboise7,670,49299.43%--44,2250.57%
François-Olivier Laplante7,697,69299.78%--17,0250.22%
Guy Dancosse6,344,55482.24%--1,370,16317.76%
Katia Marquier7,709,69299.93%--5,0250.07%
Michel Trudeau7,364,44095.46%--350,2774.54%
Jason Parravano7,685,49299.62%--29,2250.38%
MNP LLP7,374,94795.60%--339,7704.40%
Equity Incentive Plan7,086,48491.86%628,2338.14%--

Canadian Net also announces the grant of 120,965 performance units ("Performance Units") to certain members of management under the Equity Incentive Plan approved by unitholders on May 25, 2022. These units will vest in accordance with the criteria set forth in the Equity Incentive Plan and the achievement of performance targets, set by the board of trustees.

About Canadian Net ? Canadian Net Real Estate Investment Trust is an open-ended trust that acquires and owns high-quality triple net and management-free commercial real estate properties.

Forward-Looking Statements - This press release contains forward-looking statements and information as defined by applicable securities laws. Canadian Net warns the reader that actual events may differ materially from current expectations due to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from the results anticipated in such statements. Among these include the risks related to economic conditions, the risks associated with the local real estate market, the dependence to the financial condition of tenants, the uncertainties related to real estate activities, the changes in interest rates, the availability of financing in the form of debt or equity, the effects related to the adoption of new IFRS standards, as well as other risks and factors described from time to time in the documents filed by Canadian Net with securities regulators, including the management report. Canadian Net does not update or modify its forward-looking statements even if future events occur or for any other reason, unless required by law or any regulatory authority.

Neither the TSX Venture Exchange Inc., nor its Regulatory Services Provider (as that term is defined in the Policy of the TSX Venture Exchange and its Regulatory Services Provider) accepts any responsibility for the adequacy or accuracy of this release.

For further information please contact Jason Parravano at (450) 536-5328.

These press releases may also interest you

at 19:01
The EY organization today announces an alliance between Logility, Inc. (Logility), a supply chain and...

at 19:01
Consumers globally are preparing to hunker down for a long financial squeeze, as the increasing cost of living and geopolitical uncertainties push them to seek financial...

at 19:01
IPO momentum continued to slow from Q1 into Q2, resulting in a considerable decline in both deal numbers and proceeds. Heightened volatility caused by geopolitical tensions and macroeconomic factors, declining...

at 19:00
Manitex Capital Inc. ("Manitex") reported today its financial results for the second quarter ended April 30, 2022. Net loss for the quarter was $2,262,459 compared to a net loss of $2,482,495 for the corresponding quarter in 2021. For the six month...

at 19:00
PLACE, the industry's only all-in-one technology and business services platform powering the top 20% of real estate agents regardless of brokerage, announced today the hiring of a Chief Technology Officer (CTO), Emiliano Delucia, and Chief Marketing...

at 18:51
Cliffside Capital Ltd. ("Cliffside" or the "Corporation") is pleased to announce that the nominees listed in the management proxy circular (the "Circular") for the 2022 Annual and Special Meeting of shareholders of Cliffside (the "Meeting") held on...

News published on 27 may 2022 at 12:10 and distributed by: