RioCan Real Estate Investment Trust : Announces Results of Voting at RioCan's Annual and Special Meeting
June 05, 2013 at 06:15 pm
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TORONTO, ONTARIO--(Marketwired - June 5, 2013) - RioCan Real Estate Investment Trust ("RioCan") (TSX:REI.UN) today announced the results of the votes held at its June 5, 2013 Annual and Special Meeting of unitholders (the "Meeting"). Issuers listed on the Toronto Stock Exchange are now required to issue a press release providing this information.
The total number of units represented by unitholders present in person or by proxy at the Meeting was 166,010,918, representing 55.44% of RioCan's outstanding units.
Each of the nominee Trustees listed in the Trust's Management Information Circular dated April 9, 2013 was elected as a Trustee, without a vote by ballot being conducted. RioCan received proxies with regard to voting on the eight Trustees nominated for election, directing as set forth in the table below:
Name of Nominee
Vote For
%
Withold Vote
%
Bonnie Brooks
162,602,578
99.50
812,525
0.50
Clare R. Copeland
86,054,153
52.66
77,360,950
47.34
Raymond M. Gelgoot
147,538,892
90.28
15,876,211
9.72
Paul Godfrey, C.M., O.Ont.
139,840,400
85.57
23,574,703
14.43
Dale H. Lastman
147,519,565
90.27
15,895,538
9.73
Sharon Sallows
162,825,404
99.64
589,699
0.36
Edward Sonshine, O.Ont., Q.C.
162,193,528
99.25
1,221,575
0.75
Charles M. Winograd
163,041,671
99.77
373,432
0.23
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:
Vote For
%
Withold Vote
%
165,120,438
99.69
506,533
0.31
Special Business - Amendments to Amended and Restated Declaration of Trust
The ordinary resolution authorizing and approving certain amendments to the Amended and Restated Declaration of Trust made as of March 30, 2012 (the "Amended and Restated Declaration of Trust") to implement a policy requiring advance notice to be given to the Trust of unitholder proposals relating to the nomination of Trustee was passed. No ballot was required as proxies were received in favour of this resolution as follows:
Vote For
%
Against Vote
%
162,310,524
99.32
1,104,538
0.68
The ordinary resolution authorizing and approving certain amendments to the Amended and Restated Declaration of Trust to more closely align certain provisions of the Amended and Restated Declaration of Trust with corresponding provisions applicable to corporations governed by the Canada Business Corporations Act was passed. No ballot was required as proxies were received in favour of this resolution as follows:
Vote For
%
Against Vote
%
162,884,207
99.68
529,733
0.32
About RioCan
RioCan is Canada's largest real estate investment trust with a total capitalization of approximately $14.4 billion as at March 31, 2013. It owns and manages Canada's largest portfolio of shopping centres with ownership interests in a portfolio of 344 retail properties containing more than 84 million square feet, including 50 grocery anchored and new format retail centres containing 13.7 million square feet in the United States through various joint venture arrangements as at March 31, 2013. RioCan's portfolio also includes 11 properties under development in Canada. For further information, please refer to RioCan's website at www.riocan.com.
Contact Information:
RioCan Real Estate Investment Trust
Rags Davloor
Executive Vice President & CFO
(416) 642-3554
RioCan Real Estate Investment Trust is a Canada-based real estate investment trust. The Company owns, manages, and develops retail-focused mixed-use properties. Its portfolio includes leasing, development, and residential. The Companyâs properties are held by various tenants, such as grocery, pharmacy, liquor, personal services, and specialty and value retailers. The Companyâs portfolio is comprised of approximately 192 properties with an aggregate net leasable area of approximately 33.6 million square feet, including office, residential rental and 10 development properties. Its properties include 1293 Bloor Street West, 145 Woodbridge Avenue, 1556 Bank Street, 1650 - 1660 Carling Avenue, 1860 Bayview, 1910 Bank St, 1946 Robertson Road, 2323 Yonge Street, 2329 Yonge Street, 2335 Boul Lapiniere, 2345 Yonge Street, 2422 Fairview Street, 2453 Yonge Street, 279 Rue St. Charles, 2950 Carling Avenue, and 2955 Bloor Street West.