Morguard North American Residential Real Estate Investment Trust Announces Voting Results from the 2024 Annual Meeting of Unitholders

MISSISSAUGA, ON, May 10, 2024 /CNW/ - Morguard North American Residential Real Estate Investment Trust (the "REIT") (TSX: MRG.UN) today announced the results of matters voted on at its annual unitholders' meeting held on May 8, 2024 (the "Meeting"), which included the election of trustees of the REIT, all of the nominees listed in its management information circular dated March 14, 2024.  The voting results for each of the matters presented at the Meeting are presented below.

The total number of units and special voting units represented by holders present in person or by proxy at the meeting was 35,591,366 representing 64.74% of the REIT's total outstanding units and special voting units.

1.             Election of Trustees

The seven (7) nominees proposed by management were elected as trustees of the REIT to hold office until the termination of the next annual meeting of unitholders or until their successors are duly elected or appointed, subject to the provisions of the REIT's Declaration of Trust.  Proxies were received on this matter for units and special voting units of the REIT as follows:

Name	Votes For	%	Votes Withheld	%
Avtar T. Bains	33,740,694	95.79	1,483,604	4.21
Dino Chiesa	34,739,783	98.48	534,468	1.52
Mel Leiderman	34,621,140	98.15	653,111	1.85
Frank Munsters	29,819,547	84.67	5,399,543	15.33
Bruce K. Robertson	34,648,740	98.23	625,511	1.77
K. Rai Sahi	34,916,047	99.00	352,996	1.00
William O. Wallace	33,556,790	95.28	1,662,300	4.72

2.             Appointment of Auditors

The firm of Ernst & Young LLP, chartered accountants, was appointed as auditor of the REIT to hold office until the close of the next annual meeting of the unitholders or until their successors are duly appointed, and to authorize the trustees to fix the remuneration of the auditor.  Proxies were received on this matter for units and special voting units of the REIT as follows:

Votes For	%	Votes Withheld	%
35,378,850	99.40	212,516	0.60

About Morguard North American Residential REIT

The REIT is an unincorporated, open-ended real estate investment trust which owns, through a limited partnership, interests in Canadian residential apartment communities, located in Alberta and Ontario, and U.S. residential apartment communities located in Colorado, Texas, Louisiana, Illinois, Georgia, Florida, North Carolina, Virginia and Maryland.

SOURCE Morguard North American Residential Real Estate Investment Trust

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