Voting thresholds revised for REIT unit holder decisions, and distribution payment timeline shortened to record-date based scheduling. Amendments shorten distribution payment timing by requiring payment within five working days from the record date and define the record date as two working days after declaration; they also require vote calculations to be based on total votes cast and unit holders present and voting (including electronic and postal votes), mandate remote participation and electronic voting options for meetings, allow shorter notice with high consent, and impose electronic records backup, business continuity and disaster recovery obligations.
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Provisions expressly mentioned in the judgment/order text.
Voting thresholds revised for REIT unit holder decisions, and distribution payment timeline shortened to record-date based scheduling.
Amendments shorten distribution payment timing by requiring payment within five working days from the record date and define the record date as two working days after declaration; they also require vote calculations to be based on total votes cast and unit holders present and voting (including electronic and postal votes), mandate remote participation and electronic voting options for meetings, allow shorter notice with high consent, and impose electronic records backup, business continuity and disaster recovery obligations.
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