Retrocom Real Estate Investment Trust
TSX : RMM.UN

Retrocom Real Estate Investment Trust

June 25, 2014 16:46 ET

Retrocom REIT Announces Results from 2014 Annual and Special Meeting of Unitholders

TORONTO, ONTARIO--(Marketwired - June 25, 2014) -

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(TSX:RMM.UN) - Retrocom Real Estate Investment Trust ("Retrocom") announced today the voting results from its Annual and Special Meeting of Holders of units and special voting units (the "Meeting") held on Wednesday, June 25, 2014 in Toronto, Ontario.

The total number of units and special voting units of Retrocom ("Units" and "SVUs", respectively) represented by holders of Units and SVUs ("Unitholders") present in person or by proxy at the Meeting was 20,258,096 Units and 18,559,054 SVUs, representing in total 47.89% of Retrocom's issued and outstanding Units and SVUs. On a vote by a show of hands, Unitholders voted in favour of all items of business, including the election of each of the six trustee nominees proposed by management.

The voting results for the election of trustees based on the Units and SVUs represented at the Meeting by Unitholders present in person or by proxy, including proxies held by management or the trustees, were as follows:

# Votes For % Votes For # Votes Withheld % Votes Withheld
Christopher Cann 37,922,014 98.28 663,375 1.72
Patrick Lavelle 37,808,114 97.99 777,275 2.01
Richard Michaeloff 38,218,628 99.05 366,761 0.95
Andrew Shapack 38,210,631 99.03 374,758 0.97
Robert Wolf 38,210,031 99.03 375,358 0.97
Hani Zayadi 38,204,538 99.01 380,851 0.99

The other items of business approved by Unitholders included:

  • increasing the number of trustees comprising Retrocom's Board of Trustees ("Board") from 8 to 9,

  • re-appointing KPMG LLP as Retrocom's auditor at a remuneration to be fixed by the Board, and

  • approval of certain amendments to Retrocom's declaration of trust to provide for an interim extension of the minimum voting entitlement provided to Mitchell Goldhar and certain entities controlled by Mr. Goldhar pursuant to that declaration of trust. As a result of that approval, the minimum voting entitlement will be extended to October 6, 2014 and, upon the satisfaction of certain conditions, to January 4, 2015.

Detailed voting results for the meeting are available under Retrocom's profile on SEDAR at www.sedar.com.

About Retrocom REIT

Retrocom is an unincorporated, open-end real estate investment trust which focuses on owning and acquiring retail properties across Canada with the goal of enhancing long-term unitholder value.

Contact Information

  • Retrocom Real Estate Investment Trust
    Richard Michaeloff
    Chief Executive Officer
    (416) 741-7999
    (416) 741-7993 (FAX)
    rmichaeloff@rmmreit.com