InterRent Announces Voting Results from 2018 Annual Meeting

InterRent Announces Voting Results from 2018 Annual Meeting

InterRent Announces Voting Results from 2018 Annual Meeting

News Release

InterRent Announces Voting Results from the 2018 Annual Meeting

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Ottawa, Ontario(May 9, 2018) – InterRent Real Estate Investment Trust (TSX-IIP.UN) (the “REIT”) is pleased to announce the voting results from its 2018 Annual Meeting (the “Meeting”) of unitholders held in Ottawa on May 9, 2018. Each of the matters voted upon at the Meeting is discussed in detail in the REIT’s management information circular dated March 22, 2018 (the “Information Circular”) and is available on the REIT’s website at www.interrentreit.com/MIC2018. A total of 64,393,763 units representing approximately 68% of the REIT’s issued and outstanding units were voted in person and by proxy in connection with the Meeting. The voting results for each matter presented at the Meeting are provided below: 1. Election of Trustees The following nominees listed in the Information Circular were elected as trustees of the REIT until the next annual meeting of the unitholders or until their successors are elected or appointed, and the voting results are as follows:

Nominee

Votes in Favour

Percentage of Votes Cast

Votes Withheld

Percentage of Votes Cast
Paul Amirault

63,163,090

99.81

120,229

0.19
Paul Bouzanis

61,837,197

97.71

1,446,122

2.29
Ronald Leslie

61,761,439

97.60

1,521,880

2.40
Mike McGahan

63,281,848

100.00

1,471

0.00
Cheryl Pangborn

63,183,460

99.84

99,859

0.16
Victor Stone

57,829,566

91.38

5,453,753

8.62
2. Appointment of Auditors RSM Canada LLP were appointed as auditors of the REIT until the next annual meeting of the unitholders at remuneration to be fixed by the trustees, and the voting results are as follows:

Votes in Favour

Percentage of Votes Cast

Votes Withheld

Percentage of Votes Cast

63,653,030

99.62

245,665

0.38
3. Election of Trustees of InterRent Trust The nominees listed in the Information Circular were elected as trustees of InterRent Trust until the next annual meeting of the unitholders or until their successors are elected or appointed, and the voting results are as follows:

Votes in Favour

Percentage of Votes Cast

Votes Against

Percentage of Votes Cast

61,219,575

96.74

2,063,744

3.26
5. Election of Directors of InterRent Holdings General Partner Limited The nominees listed in the Information Circular were elected as directors of InterRent Holdings General Partner Limited until the next annual meeting of the unitholders or until their successors are elected or appointed, and the voting results are as follows:

Votes in Favour

Percentage of Votes Cast

Votes Against

Percentage of Votes Cast

61,111,871

95.57

2,171,448

3.43
About InterRent InterRent REIT is a growth-oriented real estate investment trust engaged in increasing Unitholder value and creating a growing and sustainable distribution through the acquisition and ownership of multi-residential properties. InterRent's strategy is to expand its portfolio primarily within markets that have exhibited stable market vacancies, sufficient suites available to attain the critical mass necessary to implement an efficient portfolio management structure and, offer opportunities for accretive acquisitions. InterRent's primary objective is to use the proven industry experience of the Trustees, Management and Operational Team to: (i) provide Unitholders with stable and growing cash distributions from investments in a diversified portfolio of multi-residential properties; (ii) enhance the value of the assets and maximize long-term Unit value through the active management of such assets; and (iii) expand the asset base and increase Distributable Income through accretive acquisitions. For further information about InterRent please contact:
Mike McGahan Brad Cutsey, CFA Curt Millar, CPA, CA
Chief Executive Officer President Chief Financial Officer
Tel: (613) 569-5699 Ext 244 Tel: (613) 569-5699 Ext 226 Tel: (613) 569-5699 Ext 233
Fax: (613) 569-5698 Fax: (613) 569-5698 Fax:(613) 569-5698
e-mail: mmcgahan@interrentreit.com e-mail: bcutsey@interrentreit.com e-mail:cmillar@interrentreit.com

Website: www.interrentreit.com

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