NOT FOR DISSEMINATION IN THE UNITED STATES OR DISTRIBUTION THROUGH UNITED STATES NEWS OR WIRE SERVICES.
MONTRÉAL, June 05, 2018 (GLOBE NEWSWIRE) -- PRO Real Estate Investment Trust (“PROREIT” or the “REIT”) (TSXV:PRV.UN) is pleased to announce the voting results from its annual meeting of unitholders held today in Montreal, Quebec.
A total of approximately 19.4% of the issued and outstanding voting units of the REIT were represented either in person or by proxy at the meeting, and each of the eight trustees of the REIT was re-elected as trustee of the REIT. Based on proxies received prior to the meeting, each trustee was re-elected by a substantial majority as follows:
| Trustee | Results | % Votes For | %Votes Withheld |
| Peter Aghar | Elected | 99.57 | 0.43 |
| James W. Beckerleg | Elected | 99.57 | 0.43 |
| Vincent Chiara | Elected | 99.22 | 0.78 |
| Martin Coté | Elected | 99.15 | 0.85 |
| Shenoor Jadavji | Elected | 99.07 | 0.93 |
| John Levitt | Elected | 99.24 | 0.76 |
| Gérard A. Limoges | Elected | 99.08 | 0.92 |
| Ronald E. Smith | Elected | 99.19 | 0.81 |
The REIT’s external auditor was also reappointed at the meeting, and the amendment to the REIT’s long term incentive plan to increase the number of units of the REIT that may be issued thereunder, as described in the proxy circular of the REIT dated May 4, 2018 prepared in connection with the meeting, was also approved at the meeting by disinterested unitholders. A copy of the proxy circular is available under PROREIT’s profile on SEDAR at www.sedar.com.
About PROREIT
PROREIT (www.proreit.com) is an unincorporated open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. PROREIT was established in March 2013 to own a portfolio of diversified commercial real estate properties in Canada, with a focus on primary and secondary markets in Québec, Atlantic Canada and Ontario with selective expansion into Western Canada. PROREIT’s portfolio is diversified by property type and geography and is comprised of 66 properties with approximately 2.7 million square feet of commercial gross leasable area.
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For further information:
PRO Real Estate Investment Trust
James W. Beckerleg
President and Chief Executive Officer
514-933-9552
PRO Real Estate Investment Trust
Gordon G. Lawlor, CPA, CA
Chief Financial Officer
514-933-9552