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RioCan Real Estate Investment Trust Announces Results of Voting at RioCan's Annual Meeting

/EINPresswire.com/ -- TORONTO, ONTARIO--(Marketwired - Jun 8, 2017) - RioCan Real Estate Investment Trust ("RioCan") (TSX:REI.UN) today announced the results of the votes held at its June 8, 2017 Annual Meeting of unitholders (the "Meeting").

The total number of units represented by unitholders present in person or by proxy at the Meeting was 187,638,650; representing 57.59% of RioCan's outstanding units entitled to be voted.

Each of the nominee Trustees listed in the Trust's Management Information Circular dated April 10, 2017 was elected as a Trustee, without a vote by ballot being conducted. RioCan received proxies with regard to voting on the nine Trustees nominated for election, as set forth in the table below:

Name of
Nominee
Votes
For

%
Votes
Withheld

%
Bonnie Brooks 185,744,685 99.00% 1,875,463 1.00%
Clare R. Copeland 174,163,733 92.83% 13,456,415 7.17%
Paul Godfrey, C.M., O.Ont. 164,521,156 87.69% 23,098,992 12.31%
Dale H. Lastman 171,289,867 91.30% 16,330,281 8.70%
Jane Marshall 187,154,004 99.75% 466,144 0.25%
Sharon Sallows 178,421,645 95.10% 9,198,503 4.90%
Edward Sonshine, O.Ont., Q.C. 182,125,986 97.07% 5,494,162 2.93%
Siim A. Vanaselja 186,281,550 99.29% 1,338,598 0.71%
Charles M. Winograd 186,405,176 99.35% 1,214,972 0.65%

Appointment of Auditors

Ernst & Young LLP, Chartered Accountants, was reappointed as the auditor of the Trust until the next annual meeting of unitholders by resolution passed by a majority of the unitholders. Management received proxies to vote for the appointment of the auditor (and to authorize the directors to fix their remuneration) as follows:

Votes
For

%
Votes
Withheld

%
186,198,902 99.24% 1,420,343 0.76%

Say-On-Pay Non-Binding Advisory Vote

The non-binding say-on-pay vote on the Trust's approach to executive compensation was passed as follows:

Votes
For

%
Votes
Against

%
174,704,286 93.11% 12,934,273 6.89%

About RioCan

RioCan is Canada's largest real estate investment trust with a total enterprise value of approximately $14.6 billion as at March 31, 2017. RioCan owns and manages Canada's largest portfolio of shopping centres with ownership interests in a portfolio of 300 Canadian retail and mixed use properties, including 15 properties under development, containing an aggregate net leasable area of 46 million square feet. For the past 25 years, we have shaped the future, sensibly cultivated growth, and taken our stakeholders and partners wherever they needed to go. Currently, we have more than 6,200 tenants and 700 employees with a presence from coast to coast. We know that there is a home for every retailer. Whether we find it today or build it for tomorrow, we deliver real vision, solid ground. For more information, visit www.riocan.com.

RioCan Real Estate Investment Trust
Christian Green
Assistant Vice President, Investor Relations & Compliance
416-864-6483
www.riocan.com