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Starlight to not exercise appointment right at True North Commercial's meeting

Canada's True North Commercial REIT said it was advised by Starlight Group Property Holdings Inc., a successor of Starlight Investments Ltd., that Starlight will not exercise its appointment right at the office real estate investment trust's June 13 unit holder meeting.

According to True North's declaration of trust, Starlight has the exclusive right to appoint a certain number of trustees based on the size of the board of trustees and the proportion of units owned by Starlight and the Starlight affiliates.