InnVest Real Estate Investment Trust

TSX : INN.UN


InnVest Real Estate Investment Trust

May 28, 2014 10:30 ET

InnVest Real Estate Investment Trust Announces Annual General Meeting Voting Results

TORONTO, ONTARIO--(Marketwired - May 28, 2014) - InnVest Real Estate Investment Trust ("InnVest") (TSX:INN.UN) is pleased to announce that at its annual meeting of unitholders held on May 27, 2014, all the proposed resolutions, including the appointment of Trustees, were passed by a show of hands.

There were 58,687,745 units represented in person or by proxy at the meeting, representing an aggregate of 62.45% of all eligible votes.

1. Election of Trustees

The following seven nominees listed in InnVest's management information circular dated April 25, 2014, were elected to serve as a Trustee of InnVest until the close of the next annual meeting of unitholders or until their successors are elected or appointed. Proxies were received by management on this matter as follows:

For Withheld
Edward W. Boomer 57,656,815 98.75% 729,326 1.25%
Heather-Anne Irwin 57,668,221 98.77% 717,920 1.23%
Daniel Lewis 58,255,636 99.78% 130,505 0.22%
Jon E. Love 58,260,397 99.78% 125,744 0.22%
Robert McFarlane 58,260,397 99.78% 125,744 0.22%
Edward Pitoniak 58,223,062 99.72% 163,079 0.28%
Robert Wolf 57,951,947 99.26% 434,194 0.74%

2. Appointment of Auditors

Deloitte LLP, Chartered Professional Accountants, was appointed as auditors of InnVest until the close of the next annual meeting of unitholders, and the Trustees were authorized to fix the remuneration of the auditors. Proxies were received by management on this matter as follows:

For Withheld
58,500,335 99.78% 129,110 0.22%

TRUST PROFILE

InnVest is an unincorporated open-ended real estate investment trust which owns a portfolio of 124 hotels across Canada representing approximately 15,500 guest rooms operated under internationally recognized brands. InnVest also holds a 50% interest in Choice Hotels Canada Inc., one of the largest franchisors of hotels in Canada.

InnVest's units and convertible debentures trade on the Toronto Stock Exchange (the "TSX") under the symbols INN.UN, INN.DB.C, INN.DB.D, INN.DB.E, INN.DB.F and INN.DB.G.

Contact Information

  • InnVest Real Estate Investment Trust
    Chantal Nappert
    Vice President, Finance and Investor Relations
    (905) 624-7806
    (905) 206-7114 (FAX)
    www.innvestreit.com