Freehold Royalty Trust

Freehold Royalty Trust

May 08, 2008 18:15 ET

Freehold Royalty Trust Reports Outcome of 2008 Annual Meeting of Unitholders

CALGARY, ALBERTA--(Marketwire - May 8, 2008) - Freehold Royalty Trust (TSX:FRU.UN) reports that Unitholders approved all of the motions described in the Information Circular - Management Proxy Statement dated March 24, 2008, at the Annual Meeting held on May 7, 2008.

National Instrument 51-102 - Continuous Disclosure Obligations
(Section 11.3)

The Scrutineers reported that there were 16 registered Unitholders and proxyholders voting in person, holding 41,175 Trust Units and that there were 88 Unitholders represented by management proxies holding 30,657,024 Trust Units. The total number of Trust Units represented in person and by proxy at the meeting was 30,698,199. This number represents 62.25% of the total number of Trust Units outstanding.

Business of the Meeting Outcome of Vote
------------------------ -----------------

The following matters were put to a vote by a show
of hands:

1. Fix the number of directors of Freehold The resolution was
Resources Ltd. to be elected at the meeting at approved.
eight (8) members.

2. The election of the following nominees as All nominees proposed by
directors of Freehold Resources Ltd. for the management were elected.
ensuing year or until their successors are
elected or appointed:
D. Nolan Blades
Harry S. Campbell
Tullio Cedraschi
Peter T. Harrison
Russell J. Hiscock
P. Michael Maher
David J. Sandmeyer
William W. Siebens

3. The appointment of KPMG LLP, Chartered KPMG LLP was appointed as
Accountants, as auditors of the Trust auditors.
and Freehold Resources Ltd. to hold office
until the next annual meeting or until their
successors are appointed.

Contact Information

  • Freehold Royalty Trust
    Karen Taylor
    Manager, Investor Relations & Corporate Secretary
    (403) 221-0891 or Toll Free: 1-888-257-1873
    (403) 221-0888 (FAX)