Canadian Apartment Properties Real Estate Investment Trust
TSX : CAR.UN

Canadian Apartment Properties Real Estate Investment Trust

May 21, 2013 17:15 ET

CAPREIT Announces Election of Trustees

TORONTO, ONTARIO--(Marketwired - May 21, 2013) - Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN) ("CAPREIT") announced today that, at its Annual and Special Meeting of Unitholders held today, all of the nominees for election as trustees of CAPREIT referred to in its management information circular dated April 1, 2013 were elected as trustees by a vote by show of hands. Had a ballot vote been undertaken, based solely upon the proxies received by CAPREIT, the voting results for the election of the trustees would have been as follows:

Votes % Votes Votes % Votes
Nominee For For Withheld Withheld
Harold Burke 50,358,857 99.55 229,283 0.45
David Ehrlich 49,459,593 97.77 1,128,547 2.23
Paul Harris 50,394,683 99.62 193,457 0.38
Edwin F. Hawken 50,486,933 99.80 101,207 0.20
Thomas Schwartz 50,466,749 99.76 121,391 0.24
Michael Stein 50,356,486 99.54 231,654 0.46
Stanley Swartzman 50,336,827 99.50 251,313 0.50
Elaine Todres 50,483,369 99.79 104,771 0.21

As one of Canada's largest residential landlords, CAPREIT is a growth-oriented investment trust owning interests in 37,884 residential units, comprised of 34,514 residential suites and 14 manufactured home communities comprising 3,370 land lease sites located in and near major urban centres across Canada. Since its Initial Public Offering in May 1997, CAPREIT has grown monthly cash distributions per Unit by 61%. For more information about CAPREIT, its business and its investment highlights, please refer to our website at www.capreit.net and our public disclosure, which can be found under our profile at www.sedar.com.

Contact Information

  • CAPREIT
    Mr. Michael Stein
    Chairman
    (416) 861-5788

    CAPREIT
    Mr. Thomas Schwartz
    President & CEO
    (416) 861-9404

    CAPREIT
    Mr. Scott Cryer
    Chief Financial Officer
    (416) 861-5771