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CAPREIT Announces Election of Trustees

TORONTO, June 06, 2018 (GLOBE NEWSWIRE) -- Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN) (“CAPREIT”) announced today that, at its Annual Meeting of Unitholders held today, all of the nominees for election as trustees of CAPREIT referred to in its management information circular dated April 11, 2018 were elected as trustees by a vote by show of hands. Had a ballot vote been undertaken, based solely upon the proxies received by CAPREIT, the voting results for the election of the trustees would have been as follows:

Nominee Votes
For
% Votes
For
Votes
Withheld
% Votes
Withheld
Harold Burke 81,830,059 98.69% 1,086,625 1.31%
Gina Cody 82,504,671 99.50% 412,013 0.50%
David Ehrlich 80,833,333 97.49% 2,083,351 2.51%
Paul Harris 78,352,126 94.50% 4,564,558 5.50%
Jamie Schwartz 82,733,584 99.78% 183,101 0.22%
Michael Stein 77,842,157 93.88% 5,074,527 6.12%
Stanley Swartzman 73,117,077 88.18% 9,799,607 11.82%
Elaine Todres 82,776,999 99.83% 139,685 0.17%

About CAPREIT

As one of Canada's largest residential landlords, CAPREIT is a growth-oriented investment trust owning interests in 50,770 residential units, comprised of 44,179 residential suites and 32 manufactured home communities comprising 6,591 land lease sites located in and near major urban centres across Canada and The Netherlands. For more information about CAPREIT, its business and its investment highlights, please refer to our website at www.caprent.com or www.capreit.net and our public disclosure, which can be found under our profile at www.sedar.com.

For more information, please contact:

CAPREIT
Mr. Michael Stein
Chairman
(416) 861-5788
CAPREIT
Mr. David Ehrlich
President & CEO
(416) 861-9404
CAPREIT
Mr. Scott Cryer
Chief Financial Officer
(416) 861-5771

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