Automotive Properties Real Estate Investment Trust (APR-UN) AGM 2026 summary

Opening remarks and agenda

• The meeting was held virtually to enable broader participation, with all key executives and auditors present.

• Four main items were on the agenda: receiving financial statements, electing trustees, reappointing auditors, and amending the equity incentive plan.

Board and executive committee updates

• Two new nominees stood for election to the board, with six current members continuing.

• All eight trustee nominees received at least 99% of votes cast in favor and were duly elected.

• Stuart Lazier, a founding trustee, was acknowledged for his service as he did not stand for re-election.

Corporate governance

• Trustees are responsible for supervising management and maintaining high governance standards.

• Unitholders voted for trustees individually, following best governance practices.

• Amendments to the equity incentive plan now require unitholder approval for certain changes.