Killam Apartment REIT Announces Voting Results from 2024 Annual Meeting of Unitholders
Killam Apartment REIT (TSX: KMP.UN) ("Killam") today announced the voting results of matters voted on at its annual meeting of unitholders (the "Meeting"), which was held in Halifax on May 8, 2024. The voting results of each of the matters considered at the Meeting are presented below.
Election of Trustees
All candidates proposed in the Management Proxy Circular dated March 28, 2024, were elected as trustees. The voting results of the trustees were as follows:
Candidate
Votes For
% For
Votes Withheld
% Withheld
Philip D. Fraser
78,565,568
98.85%
911,684
1.15%
Aldéa M. Landry
75,813,052
95.39%
3,664,200
4.61%
James C. Lawley
68,929,968
86.73%
10,547,284
13.27%
Karine L. MacIndoe
78,507,149
98.78%
970,103
1.22%
Laurie M. MacKeigan
79,422,674
99.93%
54,578
0.07%
Doug McGregor
74,962,151
94.32%
4,515,101
5.68%
Robert G. Richardson
77,524,770
97.54%
1,952,482
2.46%
Manfred J. Walt
78,149,578
98.33%
1,327,674
1.67%
Andrée Savoie
78,587,362
98.88%
889,890
1.12%
Shant Poladian
79,415,897
99.92%
61,355
0.08%
Appointment of Auditors
Ernst & Young LLP was reappointed as the auditors of Killam, to hold office until the next annual meeting of unitholders at remuneration to be fixed by the board of trustees. The voting results for the reappointment of the auditors were as follows:
Votes For
% For
Votes Withheld
% Withheld
69,025,958
86.85%
10,451,294
13.15%
Executive Compensation Advisory Vote
The non-binding advisory say-on-pay resolution on executive compensation was approved. The voting results for the executive compensation advisory vote were as follows:
Votes For
% For
Votes Against
% Against
Spoiled
73,517,783
92.51%
5,956,019
7.49%
3,450
About Killam Apartment REIT
Killam Apartment REIT, based in Halifax, Nova Scotia, is one of Canada's largest residential real estate investment trusts, owning, operating, managing and developing a $5.2 billion portfolio of apartments and manufactured home communities. Killam's strategy to enhance value and profitability focuses on three priorities: 1) increase earnings from existing operations, 2) expand the portfolio and diversify geographically through accretive acquisitions and dispositions, with an emphasis on acquiring newer properties, and 3) develop high-quality properties in its core markets.
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Killam Apartment REIT (Trust) is a Canada-based residential real-estate investment trust. The Trust owns, operates, and develops a portfolio of apartments and manufactured home communities. The Trust specializes in the acquisition, management and development of multi-residential apartment buildings, manufactured home communities (MHCs) and commercial properties in Canada. Its segments include Apartment, MHC, and Commercial. The Apartment segment acquires, operates, manages, and develops multi-family residential properties across Canada. The MHC segment acquires and operates MHC communities in Ontario and Eastern Canada. The Commercial segment acquires and operates stand-alone commercial properties in Ontario, Nova Scotia, and Prince Edward Island. The segment includes over eight commercial properties. The Company's subsidiaries include Killam Apartment General Partner Ltd., Killam Apartment Limited Partnership, Killam Properties Inc., and Killam Properties SGP Ltd., among others.