Examples of Special Unitholders in a sentence
Additional information, including trustee and officer remuneration and indebtedness, principal holders of CAPREIT’s securities and securities authorized for issuance under equity compensation plans is contained in CAPREIT’s information circular for its most recent annual and special meeting of Unitholders and Special Unitholders which involved the election of trustees.
A trustee may be removed with or without cause by two-thirds of the votes cast at a meeting of Unitholders and Special Unitholders or by the written consent of Unitholders and Special Unitholders holding in the aggregate not less than two-thirds of the outstanding Units and Special Voting Units entitled to vote thereon or with cause by the resolution passed by an affirmative vote of not less than two-thirds of the remaining trustees.
The distribution policy may be amended only with the approval of a majority of the votes cast at a meeting of Unitholders and Special Unitholders.
Trustees hold office for a term ending following the annual meeting subsequent to the annual meeting at which they were elected by Unitholders and Special Unitholders.
Certain amendments (including termination of CAPREIT) require approval by at least two-thirds of the votes cast at a meeting of the Unitholders and Special Unitholders called for such purpose.
Other amendments to the Declaration of Trust require approval by a majority of the votes cast at a meeting of the Unitholders and Special Unitholders called for such purpose.
Meetings of the Unitholders and Special Unitholders will be held at such time and place as the Board of Trustees shall prescribe for the purpose of electing trustees, appointing the auditors of CAPREIT and transacting such other business as the Board of Trustees may determine or as may properly be brought before the meeting.
Prior to each annual or special meeting of Unitholders and Special Unitholders, the Board of Trustees will provide the Unitholders and Special Unitholders (along with notice of such meeting) with information similar to that required to be provided to shareholders of a public corporation governed by the Canada Business Corporations Act.
A vacancy occurring among the trustees may be filled by resolution of the remaining trustees or by the Unitholders and Special Unitholders at a meeting of the Unitholders and Special Unitholders.
CAPREIT will furnish to Unitholders and Special Unitholders such consolidated financial statements (including quarterly and annual consolidated financial statements) and other reports as are from time to time required by applicable law, including prescribed forms needed for the completion of Unitholders’ or Special Unitholders’ tax returns under the Tax Act and equivalent provincial legislation.