Allied Announces Voting Results from the 2025 Annual and Special Meeting of Unitholders

/EIN News/ -- TORONTO, May 06, 2025 (GLOBE NEWSWIRE) -- Allied Properties Real Estate Investment Trust (“Allied”) (TSX:AP.UN) announced today the results of matters voted on at its annual and special meeting of the holders (the “Unitholders”) of units and special voting units of Allied (collectively, “Units”) held on May 6, 2025 (the “Meeting”). The voting results for each of the matters presented at the Meeting are outlined below.

There were 65 Unitholders represented in person or by proxy at the Meeting holding 84,712,093 Units, representing 60.61% of Allied’s total issued and outstanding Units as at the record date of March 18, 2025.

1. Election of Trustees

Each of the nominees for election as trustees listed in Allied’s management information circular dated March 25, 2025, were elected as trustees of Allied for the ensuing year or until their successors are elected or appointed. Management received proxies in respect of the election of trustees of Allied as follows:

	Votes For		Votes Withheld
	#	%	#	%
Matthew Andrade	83,066,624	98.30%	1,434,399	1.70%
Kay Brekken	83,048,307	98.28%	1,452,716	1.72%
Hazel Claxton	82,757,152	97.94%	1,743,871	2.06%
Lois Cormack	83,079,025	98.32%	1,421,998	1.68%
Michael R. Emory	80,183,005	94.89%	4,318,018	5.11%
Antonia Rossi	82,719,996	97.89%	1,781,027	2.11%
Stephen L. Sender	83,541,240	98.86%	959,784	1.14%
Jennifer A. Tory	75,206,386	89.00%	9,294,637	11.00%
Cecilia C. Williams	82,829,182	98.02%	1,671,842	1.98%

2. Appointment of Auditor

Deloitte LLP, Chartered Professional Accountants, was appointed auditor of Allied until the next annual meeting of Unitholders at remuneration to be fixed by the trustees. Management received proxies in respect of the appointment of the auditor of Allied as follows:

Votes For			Votes Withheld
#	%		#	%
83,693,308	98.84%		981,720	1.16%

3. Reconfirmation of Unitholder Rights Plan

The resolution reconfirming and approving the unitholder rights plan of Allied was approved. Management received proxies in respect of the reconfirmation and approval of the unitholder rights plan as follows:

Votes For			Votes Against
#	%		#	%
82,529,096	97.67%		1,971,928	2.33%

4. Say-on-Pay Advisory Vote

The non-binding advisory “Say-on-Pay” resolution on Allied’s approach to executive compensation was approved. Management received proxies in respect of the Say-on-Pay resolution as follows:

Votes For			Votes Against
#	%		#	%
66,932,864	79.21%		17,568,160	20.79%

ABOUT ALLIED

Allied is a leading owner-operator of distinctive urban workspace in Canada’s major cities. Allied’s mission is to provide knowledge-based organizations with workspace that is sustainable and conducive to human wellness, creativity, connectivity and diversity. Allied’s vision is to make a continuous contribution to cities and culture that elevates and inspires the humanity in all people.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Cecilia Williams
President & Chief Executive Officer
(416) 977-9002
cwilliams@alliedreit.com

Nanthini Mahalingam
Senior Vice President & Chief Financial Officer
(416) 977-9002
nmahalingam@alliedreit.com