Business
Margaux Real Estate Investment Trust Announces Resignation and Proposed Appointments of Trustees
LaPrairie, Quebec--(Newsfile Corp. - May 8, 2025) - Margaux Real Estate Investment Trust (TSXV: A...
About this update from Margaux Real Estate Investment Trust
[{"type":"text","content":"Margaux Real Estate Investment Trust Announces Resignation and Proposed Appointments of TrusteesLaPrairie, Quebec--(Newsfile Corp. - May 8, 2025) - Margaux Real Estate Investment Trust (TSXV: ALFA.UN) (\"Margaux\" or the \"Trust\") announces the resignation of Mr. Pierre Colas as a Trustee of the Trust, effective immediately. Mr. Colas will continue to hold the position of Treasurer of Margaux.Margaux is also pleased to announce the appointments of Mrs. Katia Marquier and Mrs. Hélène Fortin as Trustees of the Trust, effective immediately, subject to the approval of the TSX Venture Exchange. Both Mrs. Marquier and Mrs. Fortin are Chartered Professional Accountants and bring extensive business and financial expertise to the board of trustees (the \"Board\").President of the Board of Trustees, Chief Executive Officer and trustee Michel Lassonde states: \"Katia and Hélène's strong financial acumen, combined with their deep experience in business leadership and governance, will bring valuable perspective to the Board. Their appointments reflect our ongoing commitment to strengthening Margaux's governance framework with seasoned, independent professionals capable of supporting the Trust's continued growth and long-term value creation.\"ABOUT MARGAUX REAL ESTATE INVESTMENT TRUSTMargaux is a real estate investment trust established by a contract of trust dated October 29, 2021, as amended, in Quebec. Margaux owns and operates three self-storage facilities in Quebec. The storage facilities are located in Cowansville, Roxton Pond and Drummondville, Quebec. The Drummondville facility is currently comprised of 100,000 square feet of land on which there are 48 self-storage units, with the construction of additional facilities expected to be completed in the coming months. The Cowansville facility is comprised of approximately 500,000 square feet of land on which there are two buildings housing 90 self-storage units. The Cowansville facility also includes a parking space which can accommodate up to 70 RVs as well as an additional parking lot which is leased to a nearby hospital on a long-term basis. The Roxton Pond facility is comprised of approximately 100,000 square feet of land divided in two lots and on which there are presently five buildings housing 181 self-storage units.For further information, please contact:Miche...