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

TORONTO, May 17, 2023 (GLOBE NEWSWIRE) -- SmartCentres Real Estate Investment Trust (“SmartCentres” or the “Trust”) (TSX:SRU.UN) announced today the voting results from its Annual General 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 71,560,766 Units and 42,741,080 SVUs, representing in total 60.83% of SmartCentres’ issued and outstanding Units and SVUs. At the Meeting, Unitholders voted in favour of all items of business, including fixing the number of trustees to be elected or appointed at the Meeting and 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
Janet Bannister	111,712,547	98.21%	2,035,677	1.79%
Garry Foster	111,669,487	98.17%	2,078,736	1.83%
Sylvie Lachance	112,063,080	98.52%	1,685,144	1.48%
Jamie McVicar	110,394,038	97.05%	3,354,185	2.95%
Sharm Powell	105,726,041	92.95%	8,022,183	7.05%
Michael Young	108,148,585	95.08%	5,599,368	4.92%

At the Meeting, PricewaterhouseCoopers LLP was appointed as the auditor of SmartCentres. Also, 91.63% 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 April 3, 2023 (the “Circular”).

Detailed voting results for the Meeting are available under SmartCentres’ profile on SEDAR at www.sedar.com.

About SmartCentres

SmartCentres Real Estate Investment Trust is one of Canada’s largest fully integrated REITs, with a best-in-class portfolio featuring 188 strategically located properties in communities across the country. SmartCentres has approximately $11.7 billion in assets and owns 34.8 million square feet of income producing value-oriented retail and first-class office space with 98.0% in-place and committed occupancy, on 3,500 acres of owned land across Canada.