True North Apartment Real Estate Investment Trust reports voting results from 2013 annual and special meeting of unitholders

/NOT FOR DISTRIBUTION IN THE U.S. OR OVER U.S. NEWSWIRES/

TORONTO, May 28, 2013 /CNW/ - True North Apartment Real Estate Investment Trust (the "REIT") (TSX: TN.UN) is pleased to announce that each of the trustee nominees listed in the management information circular dated April 30, 2013 for the annual and special meeting of unitholders (the "Circular") held today (the "Annual and Special Meeting") were elected as trustees of the REIT. Voting results for the individual trustees are set out below:

Name of Nominee	Votes For	Percent	Votes Withheld	Percent
Daniel Drimmer	16,122,682 Units	99.8%	32,532 Units	0.2%
J. Michael Knowlton	16,102,001 Units	99.6%	53,213 Units	0.4%
Robert McKee	16,101,201 Units	99.6%	54,013 Units	0.4%
Alon Ossip	16,104,201 Units	99.6%	51,013 Units	0.4%
Graham L. Rosenberg	16,101,701 Units	99.6%	53,513 Units	0.4%
Denim Smith	16,102,183 Units	99.6%	53,031 Units	0.4%
Leslie Veiner	16,107,201 Units	99.6%	48,013 Units	0.4%

All other matters set out in the Circular were approved by a majority of the unitholders at the Annual and Special Meeting.  Final results on all matters voted at the Annual and Special Meeting will be filed shortly with the Canadian securities regulators.

About the REIT

The REIT is an unincorporated, open-ended real estate investment trust established under the laws of the Province of Ontario.

The REIT focuses on a long-term strategy to generate stable cash distributions on a tax-efficient basis for unitholders. The REIT intends to actively look for opportunities to expand its asset base and increase its distributable cash flow through acquisitions of additional multi-suite residential rental properties across Canada, the United States and other jurisdictions where opportunities may arise. Additional information concerning the REIT is available at www.sedar.com. 

SOURCE: True North Apartment Real Estate Investment Trust

Leslie Veiner
Chief Executive Officer
[phone]

or

Martin Liddell
Chief Financial Officer
[phone]