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Leading Experts Agree That Change in Board Leadership is Needed at Granite REIT, FrontFour and Sandpiper Remind Unitholders to Vote the BLUE Proxy in Favour of Al Mawani, Peter Aghar and Samir Manji
Leading Experts Agree That Change in Board Leadership is Needed at Granite REIT, FrontFour...
About this update from Granite Real Estate Investment Trust
[{"type":"text","content":"\n\n\n\nLeading Experts Agree That Change in Board Leadership is Needed at Granite REIT, FrontFour and Sandpiper Remind Unitholders to Vote the BLUE Proxy in Favour of Al Mawani, Peter Aghar and Samir Manji\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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, June 9, 2017\n\n\n\n\nFrontFour and Sandpiper Thank Unitholders For Overwhelming Support Received To-Date\nFrontFour and Sandpiper Reiterate Willingness to Engage With The Board to Move Forward\n\n\nTORONTO, June 9, 2017 /CNW/ - FrontFour Capital Group LLC (\"FrontFour\") and Sandpiper Group (\"Sandpiper\"), owners of approximately 6.2% of the outstanding stapled units of Granite Real Estate Investment Trust (\"Granite\") (GRT.UN:TSX, GRP.U:NYSE), reminded unitholders today to vote only the BLUE proxy card FOR the election of all of FrontFour and Sandpiper's highly-qualified nominees, Al Mawani, Peter Aghar and Samir Manji, and WITHHOLD their vote from current Board members, G. Wesley Voorheis, Peter Dey and Brydon Cruise prior to our deadline of 12:00 p.m. E.T. Monday, June 12, 2017. \n\nWe are disappointed that despite unitholder encouragement and repeated statements of our willingness to engage with the Board of Trustees of Granite (the \"Board\") to avoid this unnecessary distraction, there has been no attempt to do so by Granite. If elected to the Board, our nominees are committed to working collaboratively with the new Board and management team to ensure a seamless transition. We intend to move forward productively to deliver value to all unitholders.\n\nAs a reminder, both Institutional Shareholder Services Inc. (\"ISS\") and Glass, Lewis & Co., LLC (\"Glass Lewis\"), have recommended that unitholders WITHHOLD their vote from current Board members, G. Wesley Voorheis (Chairman), Peter Dey (Vice Chairman) and Brydon Cruise (Compensation Committee Chair). We encourage investors to carefully review all of our materials on our website at http://www.unlockvalueatgranite.com/. \n\nYOUR SUPPORT IS EXTREMELY IMPORTANT – YOUR VOTE CAN ENSURE POSITIVE C...