Boulevard Industrial REIT
TSX VENTURE : BVD.UN

June 30, 2015 08:00 ET

Boulevard Industrial REIT Announces Results From Annual and Special Unitholders' Meeting

TORONTO, ONTARIO--(Marketwired - June 30, 2015) -

NOT FOR RELEASE OR DISSEMINATION INTO THE UNITED STATES

Boulevard Industrial REIT ("Boulevard" or "the REIT") (TSX VENTURE:BVD.UN) is pleased to announce that the unitholders of the REIT have approved all matters voted on at Boulevard's annual and special meeting of unitholders held on June 29, 2015 (the "Meeting").

The five trustee nominees proposed by the REIT were elected to the REIT's board of trustees. The trustees are Scott Hayes, Rob Doman, Andrew Lepper, Chris Murray and Ali Mahdavi. Each of Messrs. Hayes, Doman, Lepper and Murray were elected to the board at the previous meeting of unitholders held on March 31, 2014, while Mr. Mahdavi joins the board effective upon his election at the Meeting.

Mr. Mahdavi is a co-founder and Managing Director of Spinnaker Capital Markets Inc., a Toronto based capital markets advisory firm focused on assisting privately held, as well as small and mid-cap publicly traded companies with an array of advisory services tailored to accelerate growth, improve access to capital, increase shareholder value and chart a long-term course for success. Prior to co-founding Spinnaker Capital Markets Inc., Mr. Mahdavi was a partner at Genoa Capital Markets Counsel where he also provided advisory services to publicly traded companies. Mr. Mahdavi attended York University where he studied Business and Economics.

The unitholders also approved a resolution re-appointing Collins Barrow Toronto LLP as auditors of the REIT for the ensuing year, and re-approved the 10% rolling unit option plan of the REIT in accordance with the policies of the TSX Venture Exchange.

More specific details of the matters approved at the Meeting are set forth in the management information circular of the REIT dated May 29, 2015 and posted under on the System for Electronic Data Analysis and Retrieval (SEDAR) at www.sedar.com.

About Boulevard Industrial REIT

Boulevard Industrial REIT is an unincorporated, open-ended real estate investment trust established under the laws of the Province of Ontario. The REIT was established to grow and manage a portfolio of light industrial properties in primary and secondary markets in Canada. Its objectives are to generate stable cash distributions, expand the asset base of the REIT and increase distributable cash flow and enhance the value of the REIT's assets to maximize long-term unit value.

The TSXV has in no way approved or disapproved the contents of this news release. Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

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