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TORONTO, April 22, 2014 /CNW/ - Inovalis Real Estate Investment Trust(the "REIT") (TSX: INO.UN) announces that it has filed an amendment (the "Amendment") to the notice of meeting (the "Notice of Meeting") and management information circular (the "Information Circular") of the REIT dated April 2, 2014 for the annual meeting of unitholders
of the REIT (the "Meeting") to be held on Wednesday, May 7, 2014.
The Notice of Meeting and the Information Circular (in part 2 under the
heading "Particulars of Matters to be Acted Upon at the Meeting")
incorrectly referred to Ernst & Young, Société Anonyme, Cabinet de
révision agréé, a member firm of Ernst & Young Global Limited, as the
auditor of the REIT proposed to be appointed for the ensuing year.
Management of the REIT wishes to clarify that, in accordance with the
declaration of trust of the REIT, Ernst & Young LLP, located at 222 Bay
Street, Toronto, Ontario, also a member firm of Ernst & Young Global
Limited, acted as auditors of the REIT in connection with the audit of
the financial statements of the REIT for the financial year ended
December 31, 2013, being the first completed financial year of the
REIT. It is therefore proposed that Ernst & Young LLP be re-appointed
as auditors of the REIT for the ensuing financial year ending December
31, 2014, and to hold office until the next annual meeting of
unitholders of the REIT. Accordingly, all references to the auditors
of the REIT in the Notice of Meeting and the Information Circular have
been amended to refer to Ernst & Young LLP.
An amended form of proxy naming Ernst & Young LLP as the auditor
proposed for re-appointment at the Meeting has been filed by the REIT
on SEDAR concurrently with the filing of the Amendment, will be mailed
to unitholders, and can also be obtained from the REIT upon request.
Unitholders who have already submitted their proxy for the Meeting need
not take any further action, as the original form of proxy confers
discretionary authority on the persons named therein with respect to
amendments or variations to the matters identified in the Notice of
Meeting or other matters which may properly come before the Meeting or
any adjournment or postponement thereof. Accordingly, the persons
named in the original form of proxy which accompanied the Circular, and
in the amended form of proxy filed in connection with this Amendment,
intend to vote FOR the appointment of Ernst & Young LLP as the auditor
of the REIT for the ensuing financial year, unless the unitholder of
the REIT has specified in the form of proxy that the units represented
by such form of proxy are to be withheld from voting in respect
thereof.
The Amendment has been filed by the REIT on SEDAR at www.sedar.com and on the REIT's website at www.inovalisreit.com. Copies of the
Amendment will also be mailed to unitholders and will be available at
the Meeting or upon request.
About Inovalis Real Estate Investment Trust
Inovalis Real Estate Investment Trust 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 office properties
primarily located in France and Germany but also opportunistically in
other European countries where assets meet the REIT's investment
criteria. The REIT currently owns an interest in four office properties
in France and Germany, comprising 529,267 square feet (49,170 square
metres) of gross leasable area.
SOURCE Inovalis Real Estate Investment Trust
<p> <b>Antoine Tronquoy,</b><br/> <b>Chief Financial Officer</b><br/> Inovalis Real Estate Investment Trust<br/> <a href="mailto:antoine.tronquoy@inovalis.com">antoine.tronquoy@inovalis.com</a><br/> Tel: +1 416 845 1483 </p>