Partners Real Estate Investment Trust
TSX : PAR.UN

Partners Real Estate Investment Trust

June 18, 2015 08:00 ET

Partners Announces Results of Annual General Meeting

BARRIE, ONTARIO--(Marketwired - June 18, 2015) - Partners Real Estate Investment Trust (the "REIT," or "Partners") (TSX:PAR.UN) is pleased to announce the results of voting conducted on June 17, 2015, at the REIT's Annual General Meeting of Unitholders. All matters passed, including the election of all proposed Trustees.

"We are very satisfied with the results of voting at today's Annual General Meeting," stated Jane Domenico, the REIT's acting CEO. "Partners has undergone a transformation over the past year, and there is no better evidence of the progress the REIT has made than the quality of our new Trustees and the commensurate improvement of our corporate governance. We look forward to the benefit of their counsel."

A summary of Trustee voting results is presented below:

Director Votes For % Votes For Votes Withheld % Withheld
Marc Charlebois 5,097,114 98.04 102,160 1.96
Dexter D.S. John 4,946,940 95.15 252,334 4.85
Allan Kimberley 5,161,742 99.28 37,532 0.72
Simon Nyilassy 5,013,742 96.43 185,532 3.57
C. Ian Ross 5,004,522 96.25 194,752 3.75

Additional matters subject to vote were as follows:

Votes For % Votes For Votes Withheld % Withheld
Appointment of Auditors 5,275,932 99.48 27,511 0.52
Procedures regarding the Nomination of Trustees for Election 5,000,446 96.18 198,828 3.82
Unallocated Entitlements under the REIT's Second Amended and Restated Unit Option Plan 4,569,746 87.89 629,528 12.11
Ratify and Approve the Deferred Unit Plan 4,797,134 92.27 402,140 7.73

About Partners REIT

Partners REIT is a growth-oriented real estate investment trust focused on the expansion and management of a portfolio of 36 retail and mixed-use community and neighbourhood shopping centres. These properties are located in both primary and secondary markets across British Columbia, Alberta, Manitoba, Ontario, and Quebec, and comprise a total of approximately 2.5 million square feet of leasable space.

Disclaimer

Certain statements included in this press release constitute forward-looking statements, including, but not limited to, those identified by the expressions "expect," "will" and similar expressions to the extent they relate to Partners REIT. The forward- looking statements are not historical facts but reflect Partners REIT's current expectations regarding future results or events. These forward looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including access to capital, regulatory approvals, intended acquisitions and general economic and industry conditions. Although Partners REIT believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein.

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