Canadian Apartment Properties Real Estate Investment Trust (CAR-UN) AGM 2025 summary

Opening remarks and agenda

• Hybrid meeting format introduced, with both in-person and virtual attendance and live streaming for unit holders.

• Cautionary note on forward-looking statements was highlighted at the start of the meeting.

• Meeting agenda included formal business, management presentation, and Q&A session.

Board and executive committee updates

• Harold Burke retired from the Board after 15 years, in line with term limits.

• David Vesak joined the Board, bringing expertise in residential and Vancouver real estate.

• Nine trustee nominees were presented and elected individually, following TSX requirements and majority voting policy.

Corporate governance

• Voting conducted electronically and by paper ballot, with scrutineers overseeing the process.

• All motions, including trustee elections, auditor appointment, executive compensation advisory vote, and rights plan reconfirmation, were carried with strong favorability.

• Ernst & Young LLP appointed as auditors, with trustees authorized to fix remuneration.

• Non-binding advisory vote on executive compensation approach was approved.

• Unit holders' rights plan reconfirmed to remain in effect until 2028.