Chemtrade Announces Voting Results From Annual Meeting of Unitholders

TORONTO--()--Chemtrade Logistics Income Fund (TSX: CHE.UN) today announced results for matters voted on at the Fund’s Annual Meeting of Unitholders held virtually in Toronto on May 15, 2020. A total of 29,361,611 Units, or 31.71% of the Fund’s issued and outstanding Units, were voted in connection with the annual meeting.

Election of Trustees
On a vote by ballot, all nominees listed in the management information circular for the Annual Meeting, were elected as Trustees of the Fund. Detailed results of the vote for the election of Trustees are set out below:

Nominees

Votes For

% For

Votes Withheld

% Withheld

Mark Davis

28,106,172

98.17

523,716

1.83

Lucio Di Clemente

28,093,590

98.13

536,298

1.87

Daniella Dimitrov

28,214,625

98.55

415,263

1.45

Emily Moore

28,169,377

98.39

460,511

1.61

Katherine Rethy

28,141,697

98.29

489,091

1.71

Lorie Waisberg

28,115,126

98.20

514,762

1.80

Appointment of Auditors
On a vote by ballot, Unitholders approved the re-appointment of KPMG LLP, Chartered Professional Accountants, as auditors of the Fund and authorized the Trustees to fix the auditors’ remuneration:

Votes For

% For

Votes Withheld

% Withheld

28,781,719

98.03

578,844

1.97

Vote Regarding Approach to Executive Compensation (Say on Pay)
On a non-binding advisory vote by ballot, Unitholders approved the Fund’s approach to executive compensation disclosed in the Information Circular.

Votes For

% For

Votes Against

% Against

23,400,131

81.73

5,229,756

18.27

Vote Regarding Deferred Unit Plan
On a vote by ballot, Unitholders approved the Fund’s Deferred Unit Plan and ratified prior grants of deferred units under the plan disclosed in the Information Circular.

Votes For

% For

Votes Against

% Against

27,688,321

96.71

941,567

3.29

Chemtrade operates a diversified business providing industrial chemicals and services to customers in North America and around the world. Chemtrade is one of North America’s largest suppliers of sulphuric acid, spent acid processing services, inorganic coagulants for water treatment, sodium chlorate, sodium nitrite, sodium hydrosulphite and phosphorus pentasulphide. Chemtrade is a leading regional supplier of sulphur, chlor-alkali products, liquid sulphur dioxide, potassium chloride, and zinc oxide. Additionally, Chemtrade provides industrial services such as processing by-products and waste streams.

Contacts

Mark Davis
President & CEO
Tel: (416) 496-4176

Rohit Bhardwaj
Vice President, Finance & CFO
Tel: (416) 496-4177

 

Release Summary

CHEMTRADE ANNOUNCES VOTING RESULTS FROM ANNUAL MEETING OF UNITHOLDERS

Contacts

Mark Davis
President & CEO
Tel: (416) 496-4176

Rohit Bhardwaj
Vice President, Finance & CFO
Tel: (416) 496-4177