Agellan Commercial REIT Announces Election of Trustees and Reconfirmation and Amendment of its Unitholder Rights Plan

Not for distribution to U.S. Newswire Services or for dissemination in the United States

TORONTO--()--Agellan Commercial Real Estate Investment Trust (“Agellan” or the “REIT”) (TSX:ACR.UN) announced today that all of the trustee nominees listed in its management information circular dated April 27, 2016 (the “Circular”) were elected as trustees of Agellan at the annual and special meeting of unitholders held on June 13, 2016 (the “Meeting”). The results of the vote for each nominee trustee are set out below:

Nominee  

Proxy Votes
For

 

% of Proxy
Votes For

 

Proxy Votes
Withheld

 

% of Proxy
Votes
Withheld

 

Total # of
Proxy
Votes

Richard Dansereau 9,232,779 86.72% 1,414,413 13.28% 10,647,192
Frank Camenzuli 10,637,493 99.91% 9,699 0.09% 10,647,192
Robert Perry 10,634,331 99.88% 12,861 0.12% 10,647,192
Anthony Messina 9,216,787 86.57% 1,430,405 13.43% 10,647,192
Glen Ladouceur 9,212,321 86.52% 1,434,871 13.48% 10,647,192

In addition, the unitholder rights plan agreement between Agellan and Computershare Trust Company of Canada was reconfirmed by unitholders together with the proposed amendments thereto (the “Amended Rights Plan”).

The Amended Rights Plan and final voting results of all matters voted on at the Meeting will be made available on SEDAR at www.sedar.com.

About Agellan Commercial Real Estate Investment Trust

The REIT is an unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT has been created for the purpose of acquiring and owning industrial, office and retail properties in select target markets in the United States and Canada.

The REIT's current portfolio aggregates approximately 4.7 million square feet of gross leasable area in 31 properties. The properties are primarily located in major urban markets in the United States and Canada.

Contacts

Agellan Commercial Real Estate Investment Trust
Frank Camenzuli, 416-593-6800 x226
CEO
Fax: 416-593-6700

Contacts

Agellan Commercial Real Estate Investment Trust
Frank Camenzuli, 416-593-6800 x226
CEO
Fax: 416-593-6700