SmartCentres Real Estate Investment Trust Announces Voting Results of Annual Meeting of Shareholders and Special Voting Units - Latest Global News

SmartCentres Real Estate Investment Trust Announces Voting Results of Annual Meeting of Shareholders and Special Voting Units

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TORONTO, May 15, 2024 (GLOBE NEWSWIRE) — SmartCentres Real Estate Investment Trust (“SmartCentres” or the “Trust”) (TSX: SRU.UN) today announced the voting results of its annual general meeting of unitholders and special voting units (the “Meeting “) took place today.

The total number of units and special voting units of SmartCentres (“Units” or “SVUs”), represented by holders of units and SVUs (collectively, “Shareholders”) that voted in connection with the Meeting, was 65,852,149 Units and 42,640 .238 SVUs. This represents a total of 57.74% of SmartCentres’ issued and outstanding units and SVUs. At the meeting, shareholders voted on all items on the agenda, including determining the number of trustees to be elected or appointed at the meeting and electing each of the six trustee candidates proposed by management. The voting results for the election of Trustees based on the entities and CSRs represented at the meeting were as follows:

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# Vote for % Vote for # Votes withheld % votes withheld
Janet Bannister 104,939,360 96.99% 3,257,960 3.01%
Neil Cunningham 107,680,206 99.52% 517,384 0.48%
Garry Foster 107,498,540 99.35% 699,050 0.65%
Sylvie Lachance 107,583,731 99.43% 613,859 0.57%
Sharm Powell 103,648,321 95.80% 4,548,999 4.20%
Michael Young 102,354,803 94.77% 5,650,379 5.23%

At the meeting, PricewaterhouseCoopers LLP was appointed as SmartCentres’ auditor. Additionally, 93.35% of Shareholders voted to accept SmartCentres’ approach to executive compensation (i.e., “say-on-pay”), as further set forth in SmartCentres’ Management Information Circular dated April 5, 2024 (the “Circular”).

Detailed voting results for the meeting can be found on SmartCentres’ profile on SEDAR+ at www.sedarplus.ca.

About SmartCentres

SmartCentres is one of Canada’s largest fully integrated REITs with a premier and growing mixed-use portfolio of 193 strategically located properties in communities across the country. SmartCentres has approximately $11.9 billion in assets and owns 35.1 million square feet of income-producing, value-driven retail and Class A office properties with 97.7% existing and fixed occupancy on 3,500 acres of owned properties across Canada.

For more information please visit www.smartcentres.com or contact:

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