Automotive Properties REIT Announces Results of Voting at Annual and Special Meeting

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TORONTO, May 27, 2026 /CNW/ - Automotive Properties Real Estate Investment Trust (TSX: APR.UN) (the "Trust") today announced the results of voting at its annual and special meeting of unitholders held earlier today (the "Meeting"). Each of the matters voted upon at the Meeting as set out below is described in greater detail in the Notice of Annual and Special Meeting of Unitholders and Management Information Circular of the Trust dated April 8, 2026.

The total number of trust units and special voting units represented by holders by proxy at the Meeting was 34,662,309, representing 62.86% of the Trust's outstanding trust units and special voting units entitled to be voted.

Election of Trustees

All of the nominees listed in the management information circular prepared in connection with the Meeting were elected as trustees to hold office until the next annual meeting following their election or until their successors are elected or appointed. The results of the vote are set out below:

Trust Units

Nominee	Votes For	% Votes For	Votes Withheld	% Votes Withheld
Brad Cutsey	33,647,978	99.88 %	41,022	0.12 %
Kapil Dilawri	33,339,657	98.96 %	349,343	1.04 %
Patricia Kay	33,627,802	99.82 %	61,198	0.18 %
Milton Lamb	33,633,425	99.84 %	55,575	0.16 %
Maggie MacDougall	33,657,503	99.91 %	31,497	0.09 %
James Matthews	33,374,875	99.07 %	314,125	0.93 %
Julie Morin	33,659,498	99.91 %	29,502	0.09 %
John Morrison	33,629,305	99.82 %	59,695	0.18 %

Special Voting Units

Nominee	Votes For	% Votes For	Votes Withheld	% Votes Withheld
Brad Cutsey	833,333	100 %	Nil	Nil
Kapil Dilawri	833,333	100 %	Nil	Nil
Patricia Kay	833,333	100 %	Nil	Nil
Milton Lamb	833,333	100 %	Nil	Nil
Maggie MacDougall	833,333	100 %	Nil	Nil
James Matthews	833,333	100 %	Nil	Nil
Julie Morin	833,333	100 %	Nil	Nil
John Morrison	833,333	100 %	Nil	Nil

Appointment of Auditors

BDO Canada LLP was reappointed as auditor of the Trust and the trustees were authorized to fix the auditor's remuneration.  The results of the vote are set out below:

Trust Units

Votes For	% Votes For	Votes Withheld	% Votes Withheld
33,794,494	99.90 %	34,482	0.10 %

Special Voting Units

Votes For	% Votes For	Votes Withheld	% Votes Withheld
833,333	100 %	Nil	Nil

Equity Incentive Plan

The amendments to the Trust's Amended and Restated Equity Incentive Plan, as described in the Management Information Circular, were approved.  The results of the vote are set out below:

Trust Units

Votes For	% Votes For	Votes Withheld	% Votes Withheld
33,466,655	99.34 %	222,345	0.66 %

Special Voting Units

Votes For	% Votes For	Votes Withheld	% Votes Withheld
833,333	100 %	Nil	Nil

About Automotive Properties REIT

Automotive Properties REIT is an unincorporated, open-ended real estate investment trust focused on owning and acquiring primarily income-producing automotive and other OEM dealership and service properties located in Canada and the United States. The REIT's portfolio currently consists of 95 income-producing commercial properties, representing approximately 3.5 million square feet of gross leasable area, in metropolitan markets across British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Québec in Canada, and California, Florida and Ohio in the United States. Automotive Properties REIT is the only public vehicle in Canada focused on consolidating automotive and OEM dealership and service real estate properties. For more information, please visit: www.automotivepropertiesreit.ca.

SOURCE Automotive Properties Real Estate Investment Trust

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