Skip to main content

Melcor REIT appoints Naomi Stefura as Trustee

EDMONTON, Alberta, Dec. 08, 2022 (GLOBE NEWSWIRE) — Melcor Real Estate Investment Trust (“the REIT” – TSX: MR.UN) today announced the appointment of Naomi Stefura to the board of trustees.

Naomi is the Executive Vice President and Chief Financial Officer of Melcor Developments Ltd. (Melcor) and also Chief Financial Officer of the REIT. She has been with Melcor in financial oversight and senior leadership roles for almost 15 years. Naomi also currently serves as Vice Board Chair for Explore Edmonton and was previously Audit Committee Chair of that organization.

Ralph Young, Chairman of the REIT commented: “We are happy to have Naomi officially join the board of trustees. With instrumental involvement since IPO, she has a wealth of knowledge about the REIT and its history. In addition, Naomi has extensive experience in financial planning and analysis, risk management and capital market transactions, and has been actively involved in each of the transactions that the REIT has undertaken to date.”

Under the Declaration of Trust (DOT) Melcor has the right to nominate a certain number of trustees based on a) its ownership percentage and b) the total number of trustees. With Naomi’s appointment, the board is comprised of four independent trustees and three appointed by Melcor.

About Melcor REIT
Melcor REIT is an unincorporated, open-ended real estate investment trust. Melcor REIT owns, acquires, manages and leases quality retail, office and industrial income-generating properties in western Canada. Its portfolio is currently made up of interests in 39 properties representing approximately 3.2 million square feet of gross leasable area located across Alberta and in Regina, Saskatchewan and Kelowna, British Columbia. For more information, please visit www.melcorREIT.ca.

Contact Information:
Nicole Forsythe
Director, Corporate Communications
Tel: 780-945-4707
ir@melcorREIT.ca

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.