Granite Issues Proxy Circular

About this update from Granite Real Estate Investment Trust

[{"type":"text","content":"\n\n\n\nGranite Issues Proxy Circular\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, May 16, 2017\n\n\n\n\nFurther refreshes Board with two new highly qualified and experienced nominees for election to Granite's Board, Remco Daal and Kelly Marshall\nIssues letter to unitholders highlighting its successful track record, enhanced growth prospects and risks posed by dissident unitholders\n\n\nTORONTO, May 16, 2017 /CNW/ - Granite Real Estate Investment Trust and Granite REIT Inc. (TSX: GRT.UN; NYSE: GRP.U) (\"Granite REIT\" and \"Granite GP\", and, collectively \"Granite\") announced today that it has filed a proxy circular in respect of its annual general meeting of unitholders scheduled for Thursday, June 15, 2017. Unitholders are urged to carefully consider the contents of Granite's proxy circular and then only vote the WHITE proxy FOR Granite's nominees, well in advance of the proxy voting deadline of 10:00 a.m. (Toronto time) on Tuesday, June 13, 2017.\n\nGranite also announced today that it has nominated two new independent nominees for election to Granite's Board, Remco Daal and Kelly Marshall:\n\nRemco Daal: Mr. Daal has been President of Canadian Real Estate for QuadReal Property Group since its establishment in June 2016, responsible for QuadReal's domestic operations, including investment, development, and the management operation of the Canadian property portfolio. QuadReal is a global real estate company owned by the British Columbia Investment Management Corporation (bcIMC), one of Canada's largest institutional investors, and has managed assets valued at over $18 billion. \n\nFrom 2000 to 2016, Mr. Daal worked at Bentall Kennedy Group, one of North America's largest real estate investment advisors and Canada's largest property manager, most recently as President and Chief Operating Officer from 2009 to 2016. Prior to joining Bentall Kennedy, Mr. Daal held senior positions with CIBC Development Corporation and a private Toronto-based development company. Mr. Daal has over 25 years of experience in th...

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