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Artis Real Estate Investment Trust Sets Date for Requisitioned Unitholder Meeting
Artis Real Estate Investment Trust Sets Date for Requisitioned Unitholder Meeting ...
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[{"type":"text","content":"ArtisREIT-Meeting\n \n \n \n Artis Real Estate Investment Trust Sets Date for Requisitioned Unitholder Meeting\n \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.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n WINNIPEG, MB, Oct. 8, 2020\n \n \n \n \n \n Artis committed to unlocking unitholder value through\n \n \n strategic debt reduction initiative and spin-off of its Canadian retail portfolio\n \n \n \n \n WINNIPEG, MB\n \n ,\n \n Oct. 8, 2020\n \n /CNW/ - Artis Real Estate Investment Trust (\"Artis\" or the \"REIT\") (TSX: AX.UN) announces it will hold a special meeting of unitholders (the \"Meeting\") on\n \n February 23, 2021\n \n to elect trustees of the REIT.\n \n \n \n \n \n \n \n \n \n The Meeting is being called in response to the requisition for a special meeting of unitholders received from Sandpiper Group (\"Sandpiper\") on\n \n September 30, 2020\n \n , notwithstanding the fact that Artis just recently held its annual meeting on\n \n September 24, 2020\n \n where all trustees received overwhelming support amid strong unitholder turnout. As Artis' board of trustees (the \"Board\") believes in constructive engagement with and accountability to all unitholders, it has made the decision to announce and proceed with the Meeting, despite the fact Sandpiper's form of requisition contains certain legal issues and errors.  The Board will work with Sandpiper to correct these issues and ensure the Meeting is run fairly and with integrity. Over the next few months, Artis will continue to focus on its ongoing Board renewal initiatives announced to unitholders at the recent annual meeting. Sandpiper has filed a motion to attempt to expedite the timing of a unitholder meeting which Artis believes is without merit.\n \n \n Sandpiper's recent statements contain a number of mistruths and inaccurate statements about unidentified transactions (specifically with regard to allegations related to Marwest Group).  Artis will demonstrate these statements to be false in due course. At this time, the Board wishes to assure unitholders it remains focus...