SmartCentres Real Estate Investment Trust Announces Voting Results From Annual Meeting of Holders of Units and Special Voting Units

TORONTO, Dec. 09, 2020 (GLOBE NEWSWIRE) -- SmartCentres Real Estate Investment Trust (“SmartCentres” or the “Trust”) (TSX:SRU.UN) announced today the voting results from its Annual General and Special Meeting of the Holders of Units and Special Voting Units (the “Meeting”) held today.

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 91,622,409 Units and 35,804,536 SVUs, representing in total 70.61% 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 six trustee nominees proposed by management. The voting results for the election of trustees based on the Units and SVUs represented at the Meeting were as follows:

	# Votes For	% Votes For	# Votes Withheld	% Votes Withheld
Peter Forde	123,041,299	97.74%	2,851,019	2.26%
Garry Foster	119,784,490	95.15%	6,107,828	4.85%
Jamie McVicar	94,942,252	75.42%	30,950,066	24.58%
Sharm Powell	124,618,384	98.99%	1,273,934	1.01%
Kevin Pshebniski	115,669,180	91.88%	10,223,138	8.12%
Michael Young	101,413,025	80.56%	24,479,293	19.44%

At the Meeting, Pricewaterhouse Coopers LLP was appointed as the auditor of SmartCentres. Also notably, 99.22% of Unitholders 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 November 6, 2020 (the “Circular”).