Exhibit 99.22

 

 

 

BSR REAL ESTATE INVESTMENT TRUST
(the “REIT”)

 

Annual General Meeting of Unitholders
Held on May 8, 2025

 

REPORT OF VOTING RESULTS

 

Pursuant to National Instrument 51-102 Continuous Disclosure Obligations Section 11.3

 

The following matters were voted on at the annual general meeting of unitholders of the REIT held on May 8, 2025 (the “Meeting”). Full details of the matters are set out in the REIT’s management information circular dated March 5, 2025 (the “Circular”), which is available on SEDAR+ at www.sedarplus.com.

 

1. Election of Trustees

 

Each of the seven nominees listed in the Circular was elected to serve as a trustee of the REIT until the close of the next annual meeting of unitholders of the REIT or until his or her successor is elected, with the outcome of the vote being as follows:1

 

Nominee Votes For % Votes For Votes
Withheld		 % Votes
Withheld
William A. Halter 16,790,668 96.634% 584,919 3.366%
Bryan H. Held 13,000,279 74.819% 4,375,308 25.181%
W. Daniel Hughes, Jr. 17,141,091 98.650% 234,497 1.350%
S. Jane Marshall 16,793,790 96.652% 581,798 3.348%
Teresa Neto 16,314,369 93.892% 1,061,220 6.108%
Daniel M. Oberste 17,347,368 99.838% 28,221 0.162%
Graham D. Senst 16,664,568 95.908% 711,020 4.092%

 

 

 

1 All matters were voted on by proxy or at the Meeting, without a ballot. The items in the chart reflect the proxy tabulation results.

 

 

 

2. Appointment of Auditors

 

KPMG LLP was appointed as auditor of the REIT, to hold office until the next annual meeting of unitholders of the REIT or until a successor is appointed, and the board of trustees of the REIT was authorized to fix the auditor’s remuneration, with the outcome of the vote being as follows:1

 

Votes For % Votes For Votes
Withheld		 % Votes
Withheld
19,955,444 98.918% 218,324 1.082%

 

Dated this 8th day of May, 2025.

 

BSR REAL ESTATE INVESTMENT TRUST  
     
By: “Thomas Cirbus”  
  Name: Thomas Cirbus  
  Title: Chief Financial Officer  

 

 

 

1 All matters were voted on by proxy or at the Meeting, without a ballot. The items in the chart reflect the proxy tabulation results.