Killam Apartment REIT Announces Voting Results from 2024 Annual Meeting of Unitholders

HALIFAX, NS, May 10, 2024 /CNW/ - Killam Apartment REIT (TSX: KMP.UN) ("Killam") today announced the voting results of matters voted on at its annual meeting of unitholders (the "Meeting"), which was held in Halifax on May 8, 2024. The voting results of each of the matters considered at the Meeting are presented below.

1)      Election of Trustees

All candidates proposed in the Management Proxy Circular dated March 28, 2024, were elected as trustees. The voting results of the trustees were as follows:

2)      Appointment of Auditors

Ernst & Young LLP was reappointed as the auditors of Killam, to hold office until the next annual meeting of unitholders at remuneration to be fixed by the board of trustees. The voting results for the reappointment of the auditors were as follows:

3)      Executive Compensation Advisory Vote

The non-binding advisory say-on-pay resolution on executive compensation was approved. The voting results for the executive compensation advisory vote were as follows:

Killam Apartment REIT, based in Halifax, Nova Scotia, is one of Canada's largest residential real estate investment trusts, owning, operating, managing and developing a $5.2 billion portfolio of apartments and manufactured home communities. Killam's strategy to enhance value and profitability focuses on three priorities: 1) increase earnings from existing operations, 2) expand the portfolio and diversify geographically through accretive acquisitions and dispositions, with an emphasis on acquiring newer properties, and 3) develop high-quality properties in its core markets.

Note: The Toronto Stock Exchange has neither approved nor disapproved of the information contained herein.

SOURCE Killam Apartment Real Estate Investment Trust