Minto Apartment REIT Reports Voting Results from Annual General Meeting of Unitholders

OTTAWA, ON, May 9, 2023 /CNW/ - Minto Apartment Real Estate Investment Trust (the "REIT") (TSX: MI.UN) today announced the results of voting at its Annual General Meeting of Unitholders held on May 9, 2023 (the "Meeting"). All of the nominees listed in the management information circular prepared in connection with the Meeting were elected as trustees of the REIT. The voting results were as follows:

Nominee	Number of Units		Percentage of Votes Cast
	For	Withheld	For	Withheld
Roger Greenberg	46,182,023	4,255,684	91.56 %	8.44 %
Allan Kimberley	50,310,633	127,074	99.75 %	0.25 %
Heather Kirk	50,375,298	62,409	99.88 %	0.12 %
Jo-Ann Lempert	50,399,360	38,347	99.92 %	0.08 %
Jonathan Li	50,292,698	145,009	99.71 %	0.29 %
Jacqueline Moss	50,252,848	184,859	99.63 %	0.37 %
Michael Waters	46,411,919	4,025,788	92.02 %	7.98 %

In addition:

• KPMG LLP was reappointed as auditor of the REIT; and
• Unitholders approved a non-binding advisory say-on-pay resolution accepting the REIT's approach to executive compensation.

About Minto Apartment Real Estate Investment Trust

Minto Apartment Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario to own income-producing multi-residential properties located in urban markets in Canada. The REIT owns a portfolio of high-quality income-producing multi-residential rental properties located in Toronto, Montreal, Ottawa, Calgary and Edmonton. For more information on Minto Apartment REIT, please visit the REIT's website at: www.mintoapartmentreit.com.

SOURCE Minto Apartment Real Estate Investment Trust

Edward Fu, Chief Financial Officer, Minto Apartment Real Estate Investment Trust, Tel: [phone]