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Agree Realty shareholders OK authorized common share proposals

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Agree Realty shareholders OK authorized common share proposals

Agree RealtyCorp.'s shareholders votedto approve a pair of charter amendment proposals related to the company'sauthorized common shares at the 2016 annual stockholder meeting May 2.

Specifically, the proposal to boost the company's authorizedcommon shares to 45 million from 28 million was approved by 17,775,440 of thevotes cast at the meeting.

Similarly, 15,194,092 of the votes cast at the meeting were votedin favor of approving the proposal to prevent the board from classifying orreclassifying any authorized but unissued common shares into preferred shares,according to a filing.