Boardwalk REIT annonces voting results from 2016 annual and special meeting of unitholders

CALGARY, May 13, 2016 /CNW/ - Boardwalk Real Estate Investment Trust (TSX:BEI.UN) (the "Trust") announced today the results of matters voted on at its annual and special meeting of unitholders held on May 12, 2016 (the "Meeting"), which included the election of all the trustee nominees listed in the Trust's management information circular dated March 31, 2016.  The voting results for each of the matters considered at the Meeting are presented below.

The total number of common shares represented by unitholders present in person or by proxy at the meeting was 35,556,500, representing 76.25% of the Trust's outstanding trust units.

1.	Election of Trustees – the following seven nominees were elected as trustees by resolution passed by a majority of the unitholders by way of a "show of hands":  James R. Dewald, Gary Goodman, Arthur L. Havener, Jr., Sam Kolias, Samantha Kolias, Al W. Mawani and Andrea M. Stephen.  Management received proxies to vote for the trustees as follows:

Trustee	Proxy Votes For	Percent %	Proxy Votes Withheld	Percent %	Outcome
James R. Dewald	35,203,885	99.77%	82,525	0.23%	Carried
Gary Goodman	35,211,712	99.79%	74,698	0.21%	Carried
Arthur L. Havener, Jr.	35,269,695	99.95%	16,715	0.05%	Carried
Sam Kolias	34,663,851	98.23%	625,659	1.77%	Carried
Samantha Kolias	34,893,145	98.89%	393,265	1.11%	Carried
Al W. Mawani	34,415,042	97.53%	871,368	2.47%	Carried
Andrea M. Stephen	35,172,226	99.76%	114,184	0.32%	Carried

2.	Appointment of Auditors – Deloitte LLP was reappointed as the auditor of the Trust (and the trustees were authorized to fix their remuneration) by resolution passed by a majority of the unitholders by way of a show of hands.  Management received proxies to vote for the appointment of the auditor (and to authorize the trustees to fix their remuneration) as follows:

Proxy Votes For	Proxy % For	Proxy Votes Withheld	Percent % Withheld	Outcome
35,468,299	99.76%	3,100	0.24%	Carried

3.	Amendments to the Declaration of Trust – The special resolution to make certain amendments to the Trust's amended and restated declaration of trust, dated May 14, 2014, to permit the Trust to use the notice and access provisions under applicable securities laws was passed as follows:

Votes For	Proxy % For	Votes Against	Percent % Against	Outcome
34,780,715	98.57	505,695	1.43	Carried

4.	Executive Compensation Advisory Note – The resolution, on an advisory, non-binding basis, to accept the approach to executive compensation disclosed in the "Compensation Discussion and Analysis" section of the management information circular of the Trust dated March 31, 2016 was passed as follows:

Votes For	Proxy % For	Votes Against	Percent % Against	Outcome
33,872,856	95.99%	1,413,554	4.11%	Carried

5.	Re-Adoption of Deferred Unit Plan - The resolution to re-adopt  the Deferred Unit Plan of the Trust as set out in the "Deferred Unit Plan" section of the management information circular of the Trust dated March 31, 2016 was passed as follows:

Votes For	Proxy % For	Votes Against	Percent % Against	Outcome
31,095,014	88.12%	4,191,396	11.88%	Carried

Corporate Profile

Boardwalk REIT strives to be Canada's friendliest landlord and currently owns and operates more than 200 communities with over 33,000 residential units totalling approximately 28 million net rentable square feet. Boardwalk's principal objectives are to provide its Residents with the best quality communities and superior customer service, while providing Unitholders with sustainable monthly cash distributions, and increase the value of its trust units through selective acquisitions, dispositions, development, and effective management of its residential multi-family communities. Boardwalk REIT is vertically integrated and is Canada's leading owner/operator of multi-family communities with 1,400 Associates bringing Residents home to properties located in Alberta, Saskatchewan, Ontario, and Quebec.

Boardwalk REIT's Trust units are listed on the Toronto Stock Exchange, trading under the symbol BEI.UN. Additional information about Boardwalk REIT can be found on the Trust's website at www.BoardwalkREIT.com.

SOURCE Boardwalk Real Estate Investment Trust

please contact Dean Burns, General Counsel, at 403-531-9255 and/or [email protected].