CROMBIE REIT ANNOUNCES VOTING RESULTS AND ELECTION OF TRUSTEES

NEW GLASGOW, NS, May 15, 2024 /CNW/ - Crombie Real Estate Investment Trust ("Crombie") (TSX: CRR.UN) is pleased to announce the election of each of the nominees proposed for election at the Annual General Meeting of Unitholders held on May 9, 2024. The vote was conducted by show of hands without a ballot. 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	129,674,852 (99.41%)	780,382 (0.59%)
Jane Craighead	102,300,845 (78.43%)	28,140,039 (21.57%)
Mark Holly	130,212,331 (99.81%)	242,903 (0.19%)
Jason P. Shannon	130,149,394 (99.76%)	305,840 (0.24%)
Michael Waters	129,683,188 (99.40%)	772,056 (0.60%)
Karen Weaver	129,521,889 (99.28%)	933,345 (0.72%)

Voting results on additional resolutions were as follows:

Resolution	Proxy tabulations
	For	Withheld
Appointment of Auditors: PricewaterhouseCoopers LLP	130,396,152 (99.95%)	59,082 (0.05%)

 

Resolution	Proxy tabulations
	For	Against
Approval for the authorization of the Trustees to fix remuneration of the Auditors	130,402,371 (99.68%)	52,863 (0.32%)
Approve an advisory resolution on executive compensation	128,713,941 (96.66%)	1,741,293 (3.34%)

About Crombie REIT

Crombie invests in real estate with a vision of enriching communities together by building spaces and value today that leave a positive impact on tomorrow. As one of the country's leading owners, operators, and developers of quality real estate assets, Crombie's portfolio primarily includes grocery-anchored retail, retail-related industrial, and mixed-use residential properties. As at March 31, 2024, our portfolio contains 304 properties comprising approximately 19.2 million square feet, inclusive of joint ventures at Crombie's share, and a significant pipeline of future development projects. Learn more at www.crombie.ca.

SOURCE Crombie REIT

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