Subject: ANNUAL MEETINGS
Allied Announces Voting Results from the 2023 Annual and Special Meeting of Unitholders
TORONTO, May 02, 2023 (GLOBE NEWSWIRE) -- Allied Properties Real Estate Investment Trust ("Allied") (TSX:AP.UN) announced today the results of matters voted on at its annual and special meeting of the holders (the "Unitholders") of units and special voting units of Allied (collectively, "Units") held on May 2, 2023 (the "Meeting"). The voting results for each of the matters presented at the Meeting are outlined below.
There were 85 Unitholders represented in person or by proxy at the Meeting holding 121,119,807 Units, representing 86.66% of Allied's total issued and outstanding Units as at the record date of March 15, 2023.
1. Election of Trustees
Each of the nominees for election as trustees listed in Allied's management information circular dated March 21, 2023, were elected as trustees of Allied for the ensuing year or until their successors are elected or appointed. Management received proxies in respect of the election of trustees of Allied as follows:
| Votes For | Votes Withheld | |||
| # | % | # | % | |
| Matthew Andrade | 107,900,126 | 99.04% | 1,048,819 | 0.96% |
| Kay Brekken | 106,637,748 | 97.88% | 2,311,197 | 2.12% |
| Thomas G. Burns | 99,159,123 | 91.01% | 9,789,822 | 8.99% |
| Hazel Claxton | 106,618,814 | 97.86% | 2,330,131 | 2.14% |
| Lois Cormack | 106,615,885 | 97.86% | 2,333,060 | 2.14% |
| Michael R. Emory | 103,840,323 | 95.31% | 5,108,622 | 4.69% |
| Antonia Rossi | 106,628,553 | 97.87% | 2,320,392 | 2.13% |
| Stephen L. Sender | 107,887,087 | 99.03% | 1,061,858 | 0.97% |
| Jennifer A. Tory | 105,597,756 | 96.92% | 3,351,189 | 3.08% |
| Cecilia C. Williams | 107,887,443 | 99.02% | 1,065,302 | 0.98% |
2. Appointment of Auditor
Deloitte LLP, Chartered Professional Accountants, was appointed auditor of Allied until the next annual meeting of Unitholders at remuneration to be fixed by the trustees. Management received proxies in respect of the appointment of the auditor of Allied as follows:
| Votes For | Votes Withheld | ||
| # | % | # | % |
| 108,040,589 | 99.07% | 1,013,294 | 0.93% |
3. Conversion to an Open-end Trust
The special resolution approving the conversion of Allied from a "closed-end" to an "open-end" trust was approved by at least two-thirds of the votes cast by Unitholders who voted in respect of the special resolution present or represented by proxy at the Meeting. Management received proxies in respect of the conversion of Allied to an open-end trust as follows:
| Votes For | Votes Against | ||
| # | % | # | % |
| 106,598,422 | 97.84% | 2,350,523 | 2.16% |
4. Amendments to the Declaration of Trust
The special resolution authorizing amendments to Allied's amended and restated declaration of trust was approved by at least two-thirds of the votes cast by Unitholders who voted in respect of the special resolution present or represented by proxy at the Meeting. Management received proxies in respect of the amendments to the amended and restated declaration of trust as follows:
| Votes For | Votes Against | ||
| # | % | # | % |
| 108,121,774 | 99.24% | 829,441 | 0.76% |
5. Say-on-Pay Advisory Vote
The non-binding advisory "Say-on-Pay" resolution on Allied's approach to executive compensation was approved. Management received proxies in respect of the Say-on-Pay resolution as follows:
| Votes For | Votes Against | ||
| # | % | # | % |
| 88,775,791 | 81.48% | 20,173,154 | 18.52% |
ABOUT ALLIED
Allied is a leading operator of distinctive urban workspace in Canada's major cities and network-dense UDC space in Toronto. Allied's mission is to provide knowledge-based organizations with workspace and UDC space that is sustainable and conducive to human wellness, creativity, connectivity and diversity. Allied's vision is to make a continuous contribution to cities and culture that elevates and inspires the humanity in all people.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Cecilia Williams
President & Chief Executive Officer
(416) 977-9002
[email protected]
Nanthini Mahalingam
Senior Vice President & Chief Financial Officer
(416) 977-9002
[email protected]
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