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H&R Unitholders Approve Improved Governance Practices and Elect Stephen Sender as New H&R Trustee
H&R Unitholders Approve Improved Governance Practices and Elect Stephen Sender as New ...
About this update from H&r Real Estate Investment Trust
[{"type":"text","content":"\n\n\n\nH&R Unitholders Approve Improved Governance Practices and Elect Stephen Sender as New H&R Trustee\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 Unitholders Approve Improved Governance Practices and Elect Stephen Sender as New H&R Trustee\nCanada NewsWire\nTORONTO, June 17, 2016\n\n\n\nTORONTO, June 17, 2016 /CNW/ - H&R Real Estate Investment Trust (\"H&R REIT\") and H&R Finance Trust (together, \"H&R\") (TSX: HR.UN; HR.DB.D, HR.DB.E and HR.DB.H) are pleased to announce today that unitholders of H&R approved certain amendments to the respective declarations of trust of H&R REIT and H&R Finance Trust. The amendments are intended to further align the declarations of trust with evolving governance best practices. In particular, H&R will be granting rights and remedies to unitholders to provide to investors protections comparable to those provided to shareholders of corporation entities under the Canada Business Corporations Act. These include an oppression remedy, dissent and appraisal rights and a mechanism for submitting unitholder proposals, as described in detail in the management information circular dated May 6, 2016 for the joint annual and special meetings of unitholders of H&R (the \"Circular\") held June 17, 2016 (the \"Meetings\").\n\nIn addition, unitholders approved a resolution to increase the size of the board of trustees of H&R REIT from five trustees to six trustees, and have elected Stephen Sender and each of the incumbent trustees of H&R REIT. The trustees received the following number of votes \"FOR\": Thomas Hofstedter, 161,344,245; Robert Dickson, 155,308,545; Edward Gilbert, 159,143,900; Laurence Lebovic, 89,822,036; Ronald Rutman, 159,667,430; and Stephen Sender, 161,640,832. The total number of units and special voting units represented by unitholders present in person or by proxy at the H&R REIT meeting was 162,822,859 representing 55.96% of H&R REIT's outstanding units and special voting units.\n\nUnitholders also elected each of the incumbent trustees of H&R...