Automotive Properties REIT Announces Results of Voting at Annual Meeting

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TORONTO, June 25, 2020 /CNW/ - Automotive Properties Real Estate Investment Trust (TSX: APR.UN) (the "Trust") today announced the results of voting at its annual meeting of unitholders held earlier today (the "Meeting"). Each of the matters voted upon at the Meeting as set out below is described in greater detail in the Notice of Annual Meeting of Unitholders and Management Information Circular of the Trust dated May 14, 2020.

The total number of trust units and special voting units represented by holders by proxy at the Meeting was 18,247,377, representing 38.31% of the Trust's outstanding trust units and special voting units entitled to be voted.

Election of Trustees

All of the nominees listed in the management information circular prepared in connection with the Meeting were elected as trustees to hold office until the next annual meeting following their election or until their successors are elected or appointed. The results of the vote are set out below:

Trust Units

Nominee	Votes For	% Votes For	Votes Withheld	% Votes Withheld
Kapil Dilawri	7,938,919	95.49%	375,205	4.51%
Louis Forbes	7,873,899	94.71%	440,225	5.29%
Patricia Kay	8,071,979	97.09%	242,145	2.91%
Milton Lamb	7,965,479	95.81%	348,645	4.19%
Stuart Lazier	7,959,179	95.73%	354,945	4.27%
James Matthews	7,721,279	92.87%	592,845	7.13%
John Morrison	7,873,779	94.70%	440,345	5.30%

Special Voting Units

Nominee	Votes For	% Votes For	Votes Withheld	% Votes Withheld
Kapil Dilawri	9,933,253	100%	Nil	Nil
Louis Forbes	9,933,253	100%	Nil	Nil
Patricia Kay	9,933,253	100%	Nil	Nil
Milton Lamb	9,933,253	100%	Nil	Nil
Stuart Lazier	9,933,253	100%	Nil	Nil
James Matthews	9,933,253	100%	Nil	Nil
John Morrison	9,933,253	100%	Nil	Nil

Appointment of Auditors

BDO Canada LLP was reappointed as auditor of the Trust and the trustees were authorized to fix the auditor's remuneration.  The results of the vote are set out below:

Trust Units

Votes For	% Votes For	Votes Withheld	% Votes Withheld
8,249,524	99.22%	64,600	0.78%

Special Voting Units

Votes For	% Votes For	Votes Withheld	% Votes Withheld
9,933,253	100%	Nil	Nil

About Automotive Properties REIT

Automotive Properties REIT is an unincorporated, open-ended real estate investment trust focused on owning and acquiring primarily income-producing automotive dealership properties located in Canada. The REIT's portfolio currently consists of 64 income-producing commercial properties, representing approximately 2.4 million square feet of gross leasable area, in metropolitan markets across British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Québec. Automotive Properties REIT is the only public vehicle in Canada focused on consolidating automotive dealership real estate properties. For more information, please visit:  www.automotivepropertiesreit.ca

SOURCE Automotive Properties Real Estate Investment Trust

Bruce Wigle, Investor Relations, Bay Street Communications, Tel: [phone]; Milton Lamb, President & CEO, Automotive Properties REIT, Tel: [phone]; Andrew Kalra, CFO & Corporate Secretary, Automotive Properties REIT, Tel: [phone]

Related Links

www.automotivepropertiesreit.ca