Boardwalk REIT Announces Voting Results From 2014 Annual and Special Meeting of Unitholders

CALGARY, Aug. 20, 2014 /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 14, 2014 (the "Meeting"), which included the election of all the trustee nominees listed in the Trust's management information circular dated March 31, 2014.  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 39,230,783, representing 81.83% 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	38,726,207	99.00	390,671	1.00	Carried
Gary Goodman	39,106,825	99.97	10,053	0.03	Carried
Arthur L. Havener, Jr.	39,105,365	99.97	11,513	0.03	Carried
Sam Kolias	38,257,847	99.80	859,031	2.20	Carried
Samantha Kolias	38,576,805	98.62	540,073	1.38	Carried
Al W. Mawani	39,103,659	99.97	13,219	0.03	Carried
Andrea M. Stephen	39,106,315	99.97	10,563	0.03	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
39,133,961	99.79	80,406	0.21	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 15, 2012, 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
39,007,944	99.72	108,934	0.28	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, 2014 was passed as follows:

Votes For	Proxy % For	Votes Against	Percent % Against	Outcome
38,949,910	99.57	166,968	0.43	Carried

Corporate Profile

Boardwalk REIT is Canada's friendliest landlord and currently owns and operates more than 220 properties with 34,652 residential units (as at June 30, 2014), totaling over 29 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 acquisition, disposition, 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 over 1,500 associates bringing Customers home to properties located in Alberta, Saskatchewan, Ontario, and Quebec.   

SOURCE: Boardwalk Real Estate Investment Trust

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