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Chemtrade Logistics Income Fund
Symbol CHE
Shares Issued 92,601,062
Close 2020-05-15 C$ 4.56
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Chemtrade unitholders elect six trustees at AGM

2020-05-15 16:22 ET - News Release

Mr. Mark Davis reports

CHEMTRADE ANNOUNCES VOTING RESULTS FROM ANNUAL MEETING OF UNITHOLDERS

Chemtrade Logistics Income Fund has released results for matters voted on at the fund's annual meeting of unitholders, held virtually in Toronto on May 15, 2020. A total of 29,361,611 units, or 31.71 per cent of the fund's issued and outstanding units, were voted in connection with the annual meeting.

Election of trustees

On a vote by ballot, all nominees listed in the management information circular for the annual meeting were elected as trustees of the fund. Detailed results of the vote for the election of trustees are set out in the attached voting results for election of trustees table.

                      VOTING RESULTS FOR ELECTION OF TRUSTEES 

Nominees               Votes for         % for      Votes withheld        % withheld

Mark Davis            28,106,172         98.17             523,716              1.83
Lucio Di Clemente     28,093,590         98.13             536,298              1.87
Daniella Dimitrov     28,214,625         98.55             415,263              1.45
Emily Moore           28,169,377         98.39             460,511              1.61
Katherine Rethy       28,141,697         98.29             489,091              1.71
Lorie Waisberg        28,115,126         98.20             514,762              1.80

Appointment of auditor

On a vote by ballot, unitholders approved the reappointment of KPMG LLP, chartered professional accountants, as auditor of the fund and authorized the trustees to fix the auditor's remuneration.

             VOTING RESULTS FOR AUDITOR

Votes for       % for     Votes withheld      % withheld

28,781,719      98.03            578,844            1.97   

Vote regarding approach to executive compensation (say on pay)

On a non-binding advisory vote by ballot, unitholders approved the fund's approach to executive compensation disclosed in the information circular.

      VOTING RESULTS FOR APPROACH TO SAY ON PAY

Votes for      % for      Votes against    % against

23,400,131     81.73          5,229,756        18.27  

Vote regarding deferred unit plan

On a vote by ballot, unitholders approved the fund's deferred unit plan and ratified prior grants of deferred units under the plan disclosed in the information circular.

          VOTING RESULTS FOR DEFERRED UNIT PLAN

Votes for        % for        Votes against       % against

27,688,321       96.71              941,567            3.29   

Chemtrade operates a diversified business, providing industrial chemicals and services to customers in North America and around the world. Chemtrade is one of North America's largest suppliers of sulphuric acid, spent acid processing services, inorganic coagulants for water treatment, sodium chlorate, sodium nitrite, sodium hydrosulphite and phosphorus pentasulphide. Chemtrade is a leading regional supplier of sulphur, chlor-alkali products, liquid sulphur dioxide, potassium chloride and zinc oxide. Additionally, Chemtrade provides industrial services such as processing byproducts and waste streams.

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