MONTRÉAL, June 18, 2015 /CNW
Telbec/ - (TSXV: NEL.UN) Nobel Real Estate Investment Trust
("Nobel REIT" or the "REIT") is pleased to announce
the results of the REIT's annual general and special meeting of
unitholders held on June 18, 2015
(the "Meeting").
A combined total of 34,859,847 trust units and special voting
units (collectively, the "Units") were represented at the
Meeting, or 92.67% of the issued and outstanding voting securities
of the REIT. Unitholders voted in favour of all items of business
before the Meeting by an overwhelming majority, including the
election of all trustee nominees proposed by management.
Each of the following nine trustee nominees proposed by
management were elected to the REIT's board of trustees, each with
the support of over 99.93% of the votes cast in respect of the
individual motions for their election: Jean Teasdale, Bernard
Grandmont, Jean-Guy Parent,
Yves Maurais, Jacques Girard, Serge
Riopel, Alfred Corriveau,
Denis Perreault and Ben Rodney.
At the Meeting, unitholders also approved and authorized:
- Reappointment of Deloitte as auditor of the REIT;
- Resolution of Advance Notice Policy which established a policy
that requires a nominating unitholder to provide notice to the REIT
of proposed nominations for trustees;
- Resolution clarifying the REIT's Operating Policies which will
best enable Nobel REIT to maintain and enhance its competitive
position in the marketplace;
- Resolution authorizing the renewal of the Unit Option
Plan.
June distribution
The REIT is also pleased to announce today a cash distribution
of $0.001716 per trust unit of the
REIT for the month of June 2015. The
distribution will be payable on July 15,
2015 to unitholders of record as at June 30, 2015.
About Nobel REIT
Nobel REIT is an unincorporated open-ended real estate
investment trust governed by the laws of the Province of Québec.
Nobel REIT has been created for the purpose of acquiring and owning
income producing properties. The REIT will focus on acquiring
commercial retail, mixed-used retail, and industrial and office
properties in the primary and secondary markets in the Province of
Québec. Nobel REIT currently owns fourteen properties located in
Québec, comprising 656,345 square feet of gross leasable area.
Disclaimer – Safe Harbour Forward–Looking Statements
Forward-looking statements contained in this press release
involve known and unknown risks, uncertainties and other factors
that may cause actual results, performance and achievements of
Nobel REIT to be materially different from any future results,
performance or achievements expressed or implied by the said
forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE Nobel Real Estate Investment Trust