Adventus Realty Trust (“Adventus” or the “Trust”) is pleased to announce the voting results for its special meeting of unitholders (the “Unitholders”) held on March 27, 2018 in Vancouver, British Columbia (the “Meeting”).
At the Meeting Unitholders were asked to consider and, if thought fit, to pass a special resolution (the “Special Resolution”) authorizing the management and board of directors of Adventus Realty Services Inc. (the “Trustee”), the trustee of the Trust, to form a new trust (“Adventus II”), with the same management and similar business strategy to pursue further real estate acquisitions. The Special Resolution also amends the Trust’s Declaration of Trust made as of December 13, 2011, as amended, in relation to the formation of Adventus II.
A total of 8,725,969 units of the Trust (the “Units”) were voted at the Meeting, representing 58.81% of the issued and outstanding Units. 81.83% of the Units represented at the Meeting voted in favour of the Special Resolution.
The President of the Trustee, Rodney Johnston, stated, “We are confident that our Unitholders will benefit from the creation of Adventus II and we would like to thank the Adventus Unitholders who have supported us along the way.”
Adventus is a Canadian based private Real Estate Investment Trust (REIT) and is focused on US income producing commercial real estate, in the suburban office markets of Chicago, Illinois and Atlanta, Georgia. For more information on Adventus, including our team, corporate strategy, photo gallery, details of our portfolio and press releases, we invite you to visit our website at www.adventusrealty.com.
Cautionary Statements Regarding Forward-Looking Statements
This press release may contain forward-looking statements with respect to the REIT and its operations, strategy, financial performance and financial condition, as well as with respect to the previously disclosed acquisitions and future acquisitions of properties. These statements generally can be identified by the use of forward-looking terminology such as “anticipate”, “believe”, “plan”, “forecast”, “expect”, “intend”, “would”, “could”, “if”, “may” and similar expressions. The actual results and performance of the REIT and the acquisitions discussed herein could differ materially from those expressed or implied by such statements. Accordingly, readers should not place undue reliance on forward-looking statements. These cautionary statements qualify all forward-looking statements attributable to the REIT and persons acting on its behalf. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. Some important factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors, changes in interest rates, competition and changes in securities or other laws or regulations or the application thereof. The cautionary statements qualify all forward-looking statements attributable to the REIT and persons acting on its behalf.
Unless otherwise stated, all forward-looking statements speak only as of the date of this press release. Except as required by applicable law, the REIT specifically disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise.
ADVENTUS REALTY TRUST
By its Trustee: ADVENTUS REALTY SERVICES INC.
Per: Rodney B. Johnston FCPA, FCA
President and Chief Executive Officer