Lanesborough REIT Announces Results of Voting at Annual and Special Meeting of Unitholders - KWES NewsWest 9 / Midland, Odessa, Big Spring, TX: newswest9.com |

Lanesborough REIT Announces Results of Voting at Annual and Special Meeting of Unitholders

Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact pressreleases@worldnow.com.

SOURCE Lanesborough Real Estate Investment Trust

WINNIPEG, June 26, 2014 /CNW/ - Lanesborough Real Estate Investment Trust ("LREIT") (TSX: LRT.UN) announced the results of the votes held at its June 26, 2014 Annual and Special Meeting of Unitholders (the "Meeting").

The total number of trust units represented by unitholders present in person or by proxy at the Meeting was 6,024,121, representing 29.99% of LREIT's outstanding trust units.

Each of the nominee Trustees listed in the Information Circular dated May 1, 2014 was elected as a Trustee, as per the table below:

Name of Nominee Votes For % For Votes Withheld % Withheld
Charles Loewen 4,714,025 92.79 365,900 7.21
Earl Coleman 4,730,025 93.11 349,900 6.89
Cheryl Barker 4,729,525 93.10 350,400 6.90

MNP LLP was re-appointed as external auditor of LREIT until the next annual meeting of unitholders by resolution passed by a majority of the unitholders. Proxies were received to vote for the appointment of the auditor, and to authorize the trustees to fix the remuneration of the auditors, as follows:

Votes For % For Votes Withheld % Withheld
5,960,121 98.94 64,000 1.06

The Amended and Restated Deferred Unit Plan of LREIT dated January 31, 2013, as described in the Information Circular dated May 1, 2014, was re-approved by a resolution passed by a majority of the unitholders, as follows:

Votes For % For Votes Withheld % Withheld
4,657,025 91.67 422,900 8.33

ABOUT LREIT
LREIT is a real estate investment trust, which is listed on the Toronto Stock Exchange under the symbols LRT.UN (Trust Units), LRT.DB.G (Series G Debentures), LRT.NT.A (Second Mortgage Bonds due December 24, 2015), LRT.WT (Warrants expiring March 9, 2015) and LRT.WT.A (Warrants expiring December 23, 2015).  The objective of LREIT is to provide Unitholders with stable cash distributions from investment in a diversified portfolio of quality real estate properties.  For further information on LREIT, please visit our website at www.lreit.com.

The TSX has not reviewed or approved the contents of this press release and neither accepts responsibility for the adequacy or accuracy of this press release

©2012 PR Newswire. All Rights Reserved.