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H&R REIT Nominates Stephen Sender as Trustee and Proposes Improved Governance at its Upcoming AGM
H&R REIT Nominates Stephen Sender as Trustee and Proposes Improved Governance at its U...
About this update from H&r Real Estate Investment Trust
[{"type":"text","content":"\n\n\n\nH&R REIT Nominates Stephen Sender as Trustee and Proposes Improved Governance at its Upcoming AGM\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\nH&R REIT Nominates Stephen Sender as Trustee and Proposes Improved Governance at its Upcoming AGM\nCanada NewsWire\nTORONTO, June 6, 2016\n\n\n\nTORONTO, June 6, 2016 /CNW/ - H&R Real Estate Investment Trust (\"H&R REIT\" or the \"REIT\") and H&R Finance Trust (\"Finance Trust\" and together with the REIT, \"H&R\") (TSX: HR.UN; HR.DB.D; HR.DB.E and HR.DB.H) would like to remind unitholders of the upcoming annual and special meetings (the \"Meetings\") of the REIT and Finance Trust to be held on Friday, June 17, 2016 at 1:00 p.m. (Toronto time) at the TSX Gallery, 130 King Street West, Toronto, Ontario.  \n\nAmong matters to be voted on at the Meetings, as a result of H&R's ongoing review of its corporate governance matters and in order to best serve unitholders, H&R has proposed to expand the size of the board of the REIT in order to nominate Stephen Sender as a trustee of the REIT. Mr. Sender has over 30 years of experience in the investment banking industry and H&R believes that Mr. Sender will bring valuable experience and insight to the board and assist the REIT in continuing to bring value to unitholders. Additional biographical information in respect of Mr. Sender is included in the management information circular (the \"Circular\") of H&R dated May 6, 2016 and is excerpted below.\n\nIn addition to expanding the size of the board of the REIT, the REIT's Board has introduced 10-year term limits for newly elected trustees, and all current trustees (other than trustees that are also members of management) are expected to tender their resignation within five years, subject to waiver by the Board.\n\nH&R has also proposed amendments to the respective declarations of trust of the REIT and Finance Trust to be voted on at the Meetings which amendments will provide unitholders with, among other things, additional rights, remedies and procedures such as an oppression rem...