TORONTO, May 16, 2018 (GLOBE NEWSWIRE) -- SmartCentres Real Estate Investment Trust (“SmartCentres” or the “REIT”) (TSX:SRU.UN) announced today the voting results from its Annual General Meeting of the Holders of Units and Special Voting Units (the “Meeting”) held today in Toronto, Ontario.
The total number of Units and Special Voting Units of SmartCentres (“Units” and “SVUs”, respectively) represented by holders of Units and SVUs (collectively, “Unitholders”) that voted in connection with the Meeting was 93,785,832 Units and 33,392,996 SVUs, representing in total 76.31% of SmartCentres’ issued and outstanding Units and SVUs. At the Meeting, Unitholders voted in favour of all items of business, including the election of each of the five trustee nominees proposed by management. The voting results for the election of trustees based on the Units and SVUs represented at the Meeting by proxies held by management were as follows:
| # Votes For | % Votes For | # Votes Withheld | % Votes Withheld | |
| Huw Thomas | 118,512,426 | 93.53% | 8,196,876 | 6.47% |
| Jamie McVicar | 82,303,746 | 64.95% | 44,405,555 | 35.05% |
| Kevin Pshebniski | 115,208,266 | 90.92% | 11,501,036 | 9.08% |
| Michael Young | 114,075,238 | 90.03% | 12,634,064 | 9.97% |
| Garry Foster | 121,897,273 | 96.20% | 4,812,029 | 3.80% |
Also notably, 95% of Unitholders represented at the Meeting by proxy voted in favour of accepting SmartCentres’ approach to executive compensation (i.e. say-on-pay), as more particularly set forth in SmartCentres’ Management Information Circular dated April 19, 2018.
Detailed voting results for the Meeting are available under SmartCentres’ profile on SEDAR at www.sedar.com.
About SmartCentres
SmartCentres is one of Canada’s largest real estate investment trusts with total assets of approximately $9.4 billion. It owns and manages 34 million square feet of retail space in value-oriented, principally Walmart-anchored retail centres, having the strongest national and regional retailers as well as strong neighbourhood merchants. The retail centres continue to experience industry-leading occupancy levels of 98.0%. In addition, SmartCentres is a joint-venture partner in the Premium Outlets locations in Toronto and Montreal with Simon Property Group.
SmartCentres is expanding the breadth of its portfolio to include residential (single-family, condominium and rental), retirement homes, office, and self-storage, either on its large urban properties such as the Vaughan Metropolitan Centre or as an adjunct to its well-located existing shopping centres. For more information on SmartCentres, visit www.smartcentres.com.
For more information, please contact:
| Huw Thomas Chief Executive Officer SmartCentres Real Estate Investment Trust (905) 326-6400 ext. 7649 hthomas@smartcentres.com | Peter Sweeney Chief Financial Officer SmartCentres Real Estate Investment Trust (905) 326-6400 ext. 7865 psweeney@smartcentres.com |