Agellan Commercial Real Estate Investment Trust (the “REIT”) (TSX:ACR.UN) announces today the resignation of Senator Paul J. Massicotte as a trustee of the REIT. Senator Massicotte served as a trustee, Chair of the Board, Chair of the Corporate Governance and Nominating Committee and a member of the Audit Committee since the REIT’s initial public offering in January 2013. Richard Dansereau, a trustee of the REIT, will serve as Chair of the Board on an interim basis until a replacement is named. The Corporate Governance and Nominating Committee intends to conduct a search for an additional trustee and new Chair of the Board and fill all other vacancies as necessary.
The trustees and management of the REIT wish to thank Senator Massicotte for his many contributions to the REIT and wish him success in his future endeavours.
About Agellan Commercial Real Estate Investment Trust
The REIT is an unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT has been created for the purpose of acquiring and owning industrial, office and retail properties in select target markets in the United States and Canada.
The REIT's current portfolio aggregates approximately 4.3 million square feet of gross leasable area in 26 properties. The properties are primarily located in major urban markets in the United States and Canada.
Forward-Looking Statements
This press release contains forward-looking information within the meaning of applicable securities legislation, which reflects the REIT’s current expectations regarding future events. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the REIT’s control that could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. These forward-looking statements are made as of the date of this press release and, except as expressly required by applicable law, the REIT assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
