Condo Conversion Vote Passed

The Board is pleased to announced that tonight's condo conversion vote passed. With a total of 135 ballots counted (representing a nearly 83% voter turnout!) we are very grateful for your participation in this process, and for the support of Hutton Group, Brenda, Michelle and the entire Lordon team for pulling this together.

A vote of 51% of the membership was needed to pass. With 163 shareholders, that is 83 total "yes" votes needed. The vote tally is shown below:

Yes

No

Abstain

Total Votes

114
20
1
135
84%
15%
<1%
100%

70% of the total membership voted "yes".

Note: One additional envelope not included in the above count was received, but it was empty.

We are excited about accomplishing this essential milestone, and now have a clear path to conversion. Stay tuned for updates from Hutton Group on next steps and have a happy Thanksgiving!

The Board of Directors