TORONTO--(BUSINESS WIRE)--DREAM IMPACT TRUST (TSX: MPCT.UN) announced that, at its annual and special meeting held today, all of the nominees for election as trustees of Dream Impact Trust (the “Trust”) referred to in its management information circular for the meeting (the “Circular”) were elected. Votes cast on this matter were as follows:
Nominee |
Votes For |
|
% Votes
|
|
Votes
|
|
% Votes
|
|
Pauline Alimchandani |
21,397,332 |
86.52 |
3,334,223 |
13.48 |
||||
Amar Bhalla |
23,933,156 |
96.77 |
798,399 |
3.23 |
||||
Karine MacIndoe |
23,975,349 |
96.94 |
756,206 |
3.06 |
||||
Michael Tsourounis |
23,982,225 |
96.97 |
749,330 |
3.03 |
At the meeting, PricewaterhouseCoopers LLP was appointed as the auditor of the Trust, Dream Impact Master LP and the Trust’s subsidiaries, and the trustees of the Trust were authorized to fix the remuneration of the auditor.
At the meeting, a special resolution approving certain amendments to the Declaration of Trust, as more particularly set forth in the Circular, which resolution was approved by a requisite 662/3% vote of the unitholders of the Trust.
At the meeting, a resolution authorizing the issuance and delivery of up to 5,000,000 units of the Trust to Dream Asset Management Corporation (“DAM”), the asset manager of the Trust, in satisfaction of the management fees payable under the management agreement of the Trust for the period from January 1, 2021 to December 31, 2023, as contemplated by a letter agreement dated April 15, 2021 was approved by the unitholders of the Trust, excluding the votes held by DAM and its associates and affiliates.
Dream Impact is an open-ended trust dedicated to impact investing. Impact investing is the intention of creating measurable positive, social and environmental change in our communities and for our stakeholders, while generating attractive market returns. Dream Impact’s underlying portfolio is comprised of exceptional real estate assets reported under two operating segments: development and recurring income, that would not be otherwise available in a public and fully transparent vehicle, managed by an experienced team with a successful track record in these areas. The objectives of the Trust are to create positive and lasting impacts for our stakeholders through our three impact verticals: environmental sustainability and resilience, attainable and affordable housing, and inclusive communities; balance growth and stability of the portfolio, increasing cash flow, unitholders’ equity and NAV over time; leverage access to an experienced management team and strong partnerships in order to generate attractive returns for investors; provide investors with a portfolio of high-quality real estate development opportunities, concentrated in core geographic markets; and to provide predictable cash distributions to unitholders on a tax-efficient basis. For more information, please visit: www.dreamimpacttrust.ca.
