Killam Apartment REIT Announces Voting Results from 2017 Annual Meeting

HALIFAX, NOVA SCOTIA--(Marketwired - May 9, 2017) - Killam Apartment REIT (TSX:KMP.UN) ("Killam") today announced the voting results of matters voted on at its annual meeting of unitholders (the "Meeting"), which was held in Halifax on May 5, 2017. The voting results of each of the matters considered at the Meeting are presented below.

1. Election of Trustees

All candidates in the Management Proxy Circular dated March 28, 2017, were elected as trustees. The voting results of the trustees are as follows:

Candidate		Votes For		% For		Votes Withheld		% Withheld
Timothy R. Banks		43,280,789		97.82%		965,307		2.18%
Philip D. Fraser		43,877,526		99.17%		368,570		0.83%
Robert G. Kay		43,812,279		99.02%		433,817		0.98%
James C. Lawley		30,684,521		69.35%		13,561,575		30.65%
Arthur G. Lloyd		43,481,615		98.27%		764,481		1.73%
Karine L. MacIndoe		43,885,814		99.19%		360,282		0.81%
Robert G. Richardson		43,534,510		98.39%		711,586		1.61%
Manfred J. Walt		43,840,217		99.08%		405,879		0.92%
G. Wayne Watson		43,477,315		98.26%		768,781		1.74%

2. Appointment of Auditors

Ernst & Young LLP was reappointed as the auditors of Killam, to hold office until the next annual meeting of unitholders at remuneration to be fixed by the board of trustees. The voting results for the reappointment of the auditors are as follows:

Votes For		% For		Votes Withheld		% Withheld
43,766,659		98.92%		479,437		1.08%

About Killam Apartment REIT

Killam Apartment REIT, based in Halifax, Nova Scotia, is one of Canada's largest residential landlords, owning, operating and developing multi-family apartments and manufactured home communities. Killam's current portfolio includes $2.0 billion in real estate assets. Killam's strategy to maximize its value and long-term profitability includes concentrating on three key areas of growth: 1) increasing the earnings from its existing portfolio, 2) expanding its portfolio and diversifying geographically through accretive acquisitions, with an emphasis on newer properties, and 3) developing high-quality properties in its core markets.

Note: The Toronto Stock Exchange has neither approved nor disapproved of the information contained herein.