Primaris REIT Announces 2025 Annual General Meeting Voting Results

TORONTO--(BUSINESS WIRE)--Primaris Real Estate Investment Trust (“Primaris” or the “Trust”) (TSX: PMZ.UN) announced today that each of the trustee nominees listed in the management information circular of Primaris dated April 1, 2025 (the “Circular”) were elected as trustees of the Trust at the annual general meeting of unitholders held May 1, 2025 (the “Meeting”). Voting results for the individual trustees of the Trust are as follows:

	Number of Units Voted For	Percentage of Units Voted For	Number of Units Withheld for Voting	Percentage of Units Withheld from Voting
Avtar Bains	71,858,852	98.95 %	765,950	1.05 %
Anne Fitzgerald	71,297,018	98.17 %	1,327,782	1.83 %
Louis Forbes	71,134,625	97.95 %	1,490,175	2.05 %
Timothy Pire	71,847,350	98.93 %	777,452	1.07 %
Patrick Sullivan	71,853,152	98.94 %	771,650	1.06 %
Deborah Weinswig	71,806,085	98.87 %	818,715	1.13 %

In addition, Primaris is pleased to announce that the non-binding advisory resolution on the Trust’s approach to executive compensation, as set out in the Circular, was approved by 98.46% of the votes, the resolution to re-appoint KPMG LLP as the auditors of the Trust for the ensuing year and authorizing the trustees to fix the remuneration to be paid to the auditors was approved by 99.85% of the votes and the resolution to make certain amendments to the REIT’s Incentive Unit Plan, as set out in the Circular, were approved by 98.81% of the votes.

About Primaris Real Estate Investment Trust

Primaris is Canada’s only enclosed shopping centre focused REIT, with ownership interests in leading enclosed shopping centres located in growing Canadian markets. The portfolio totals 14.2 million square feet, valued at approximately $4.5 billion at Primaris’ share. Economies of scale are achieved through its fully internal, vertically integrated, full-service national management platform. Primaris is very well-capitalized and is exceptionally well positioned to take advantage of market opportunities at an extraordinary moment in the evolution of the Canadian retail property landscape.

For more information:   TSX: PMZ.UN   www.primarisreit.com   www.sedarplus.ca