Capstone Infrastructure Corporation
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TSX : CSE.DB.A
TSX : CSE.PR.A
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Capstone Infrastructure Corporation

June 18, 2015 13:05 ET

Capstone Infrastructure Corporation Announces Election of Directors

TORONTO, ONTARIO--(Marketwired - June 18, 2015) - On June 17, 2015, Capstone Infrastructure Corporation ("Capstone") (TSX:CSE)(TSX:CSE.DB.A)(TSX:CSE.PR.A)(TSX:CPW.DB) held its annual general meeting of shareholders (the "Meeting").

At the Meeting, the following seven individuals nominated to serve as directors of Capstone were elected by show of hands. Proxies were received as follows:

DIRECTOR FOR WITHHELD
Michael Bernstein 68.7% 31.3%
Richard Knowles 80.7% 19.3%
Goran Mornhed 80.2% 19.8%
Jerry Patava 68.6% 31.4%
François R. Roy 68.2% 31.8%
V. James Sardo 68.5% 31.5%
Janet Woodruff 68.7% 31.3%

All other matters considered at the Meeting were approved.

"On behalf of the Board of Directors, I would like to thank the many shareholders who voted in person or by proxy at our annual meeting," said Mr. V. James Sardo, Chairman of the Board of Directors. "We appreciate the vote of confidence in the Board and management that they have shown by re-electing all directors."

"We believe a number of withhold votes are attributable to a non-discretionary voting policy implemented by an institutional shareholder, as was the case in 2014," continued Mr. Sardo. "This policy relates to diversity metrics that are outside of industry standards. The Board of Directors is committed to diversity and seeks candidates from diverse backgrounds with the objective of achieving and maintaining the best mix of skills and experience, including gender and other traits, to provide for overall stewardship of the company in accordance with Canadian regulatory requirements and best practices."

For more information, please refer to the Report of Voting Results filed under Capstone's profile on SEDAR (www.sedar.com).

About Capstone Infrastructure Corporation

Capstone's mission is to provide investors with an attractive total return from responsibly managed long-term investments in core infrastructure in Canada and internationally. The company's strategy is to develop, acquire and manage a portfolio of high quality utilities, power and transportation businesses, and public-private partnerships that operate in a regulated or contractually-defined environment and generate stable cash flow. Capstone currently has investments in utilities businesses in Europe and owns, operates and develops thermal and renewable power generation facilities in Canada with a total installed capacity of net 466 megawatts. Please visit www.capstoneinfrastructure.com for more information.

Contact Information

  • Capstone Infrastructure Corporation
    Aaron Boles
    Senior Vice President, Communications and Investor Relations
    416-649-1325
    aboles@capstoneinfra.com