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Name | Symbol | Market | Type |
---|---|---|---|
Morguard North American Residential Real Estate Investment Trust | TSX:MRG.UN | Toronto | Trust |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.14 | 0.91% | 15.57 | 15.55 | 15.59 | 15.60 | 15.41 | 15.41 | 12,680 | 16:25:00 |
MISSISSAUGA, ON, May 5, 2023 /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 3, 2023 (the "Meeting"), which included the election of trustees of the REIT, all of the nominees listed in its management information circular dated March 14, 2023. 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 37,951,198 representing 67.42% 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 | 34,470.757 | 91.70 | 3,120,773 | 8.30 |
Dino Chiesa | 37,279,698 | 99.17 | 311,832 | 0.83 |
Mel Leiderman | 37,436,805 | 99.59 | 154,725 | 0.41 |
Frank Munsters | 29,030,725 | 77.23 | 8,560,805 | 22.77 |
Bruce K. Robertson | 36,871,588 | 98.08 | 719,942 | 1.92 |
K. Rai Sahi | 36,985,679 | 98.39 | 605,851 | 1.61 |
William O. Wallace | 34,474,950 | 91.71 | 3,116,580 | 8.29 |
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 | % |
37,734,591 | 99.43 | 216,407 | 0.57 |
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
Copyright 2023 Canada NewsWire
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