True North Commercial Real Estate Investment Trust Announces Results of Voting at Annual and Special Meeting

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

TORONTO, June 15, 2016 /CNW/ - True North Commercial Real Estate Investment Trust (TSX: TNT.UN) (the "REIT") is pleased to announce that each of the trustee nominees listed in the management information circular dated May 2, 2016 for the annual and special meeting of unitholders (the "Meeting") held yesterday, have been elected as trustees of the REIT. Voting results for each of the individual trustees are presented below:

Name of Nominee	Votes For	Percent	Votes Withheld	Percent
Jeff Baryshnik	9,368,162	99.14%	81,559	0.86%
William Biggar	9,362,840	99.08%	86,881	0.92%
Roland Cardy	9,366,937	99.12%	82,784	0.88%
Daniel Drimmer	9,400,362	99.48%	49,359	0.52%
Alon Ossip	9,404,937	99.53%	44,784	0.47%
Sandy Poklar	9,362,840	99.08%	86,881	0.92%

Also at the Meeting, unitholders approved: (i) the re-appointment of BDO Canada LLP, the REIT's auditor, and the authorization of the board of trustees to fix the auditor's remuneration; (ii) the approval of the unallocated options granted under the REIT's amended and restated 2013 unit option plan; and (iii) the renewal of the amended and restated unitholder rights plan agreement. The voting results on each resolution are set out below:

	Votes For	Percent	Votes Withheld	Percent
Appointment of auditor	9,421,212	99.70%	28,509	0.30%

	Votes For	Percent	Votes Against	Percent
Approval of the unallocated options under the amended and restated 2013 unit option plan	8,223,406	87.02%	1,226,315	12.98%
Renewal of the amended and restated unitholder rights plan agreement	9,416,871	99.65%	32,850	0.35%

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 currently owns and operates a portfolio of 25 commercial properties consisting of approximately 1.4 million square feet in secondary markets across Canada.

The REIT is focused on growing its portfolio principally through acquisitions across Canada and such other jurisdictions where opportunities exist.  Additional information concerning the REIT is available at www.sedar.com or the REIT's website at www.truenorthreit.com.

SOURCE True North Commercial Real Estate Investment Trust

Daniel Drimmer, President and Chief Executive Officer, [phone] or Tracy Sherren, Chief Financial Officer, [phone]