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Momentum Builds For FrontFour and Sandpiper's Case For Change With Strong Unitholder Support and Positive Recommendations from ISS and Glass Lewis in Favour of All Three Director Nominees
Momentum Builds For FrontFour and Sandpiper's Case For Change With Strong Unitholder Suppo...
About this update from Granite Real Estate Investment Trust
[{"type":"text","content":"\n\n\n\nMomentum Builds For FrontFour and Sandpiper's Case For Change With Strong Unitholder Support and Positive Recommendations from ISS and Glass Lewis in Favour of All Three Director Nominees\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\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, June 7, 2017\n\n\n\n\nFrontFour and Sandpiper Thank Unitholders For Overwhelming Support Received To-Date\nISS and Glass Lewis Note FrontFour & Sandpiper's Compelling Case for Change\nISS and Glass Lewis Recognize That Granite's Board is in Need of New Leadership\nFrontFour and Sandpiper Express Willingness to Engage With The Board to Move Forward\n\n\n\nTORONTO, June 7, 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), today thanked fellow Unitholders for their overwhelming support to-date for FrontFour and Sandpiper's three highly qualified, independent nominees to Granite's Board of Trustees and the Board of Directors of Granite REIT Inc. (together, the \"Board\") at the upcoming Annual General Meeting (\"AGM\") on June 15, 2017. \n\nFollowing Institutional Shareholder Services Inc.'s (\"ISS\") favorable announcement last Friday, leading independent proxy advisory firm, Glass Lewis & Co., LLC (\"Glass Lewis\"), has also recommended that Granite unitholders vote on 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. \n\nWe are pleased that both ISS and Glass Lewis, two globally respected, independent advisory firms, have concluded that FrontFour and Sandpiper have made a compelling case for change that warrants immediate action. In the last few days, both firms have recommended that Granite unitholders vote FOR the election of all of FrontFour and Sandpiper's highly-qualified nominees and that unitholders WITHHOLD their v...