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Inovalis Real Estate Investment Trust Announces Amendment to Matter to be Considered at Annual and Special Meeting of Unitholders
Inovalis Real Estate Investment Trust Announces Amendment to Matter to be Considered at An...
About this update from Inovalis Reit
[{"type":"text","content":"\n\n\n\nInovalis Real Estate Investment Trust Announces Amendment to Matter to be Considered at Annual and Special Meeting of Unitholders\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, May 6, 2019\n\n\n\n/NOT FOR DISSEMINATION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/\n TORONTO, May 6, 2019 /CNW/ - Inovalis Real Estate Investment Trust (the \"REIT\") (TSX: INO.UN) today announced that in response to a report issued by Institutional Shareholder Services Inc. (\"ISS\"), the REIT has made an amendment to a matter to be considered at the REIT's Annual and Special Meeting to be held on May 15, 2019 (the \"Meeting\"), which is the approval of the REIT's Deferred Unit Plan (the \"Deferred Unit Plan\"). The REIT has announced that it has amended the Deferred Unit Plan, in order to clarify its intentions, to set the maximum aggregate value of Units that may be subject to grants of Deferred Units under the Deferred Unit Plan to each Trustee during any 12-month period to be no greater than twenty thousand dollars ($20,000) and the maximum aggregate value of Units that may be subject to grants of Deferred Units under the Deferred Unit Plan to all Trustees during any 12-month period to be no greater than one-hundred and twenty thousand dollars ($120,000).\nAll other matters to be considered at the Meeting remain unchanged and are further described in the REIT's Management Information Circular dated April 15, 2019 available on SEDAR(www.SEDAR.com).\nToday the REIT also announced that in response to the report issued by ISS, Jean-Daniel Cohen, a trustee of the REIT, resigned as CEO of TitanStar Properties Inc. and resigned as a director of Crosswood SA.\nForward-Looking Information\nThis press release contains forward-looking statements within the meaning of applicable securities law.  These statements generally can be identified by the use of forward-looking words such as \"forecast\", \"may\", \"will\", \"would\", \"expect\", \"estimate\", \"anticipate\", \"intend\", \"believe\" or \"continue\" or the negat...