RioCan Real Estate Investment Trust Announces Results of Voting at RioCan's Annual and Special Meeting
May 28 2014 - 4:39PM
Marketwired
RioCan Real Estate Investment Trust Announces Results of Voting at
RioCan's Annual and Special Meeting
TORONTO, ONTARIO--(Marketwired - May 28, 2014) - RioCan Real
Estate Investment Trust ("RioCan") (TSX:REI.UN) today announced the
results of the votes held at its May 28, 2014 Annual and Special
Meeting of unitholders (the "Meeting").
The total number of units represented by unitholders present in
person or by proxy at the Meeting was 142,715,104, representing
46.88% of RioCan's outstanding units.
Each of the nominee Trustees listed in the Trust's Management
Information Circular dated April 11, 2014 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,
directing as set forth in the table below:
|
Name of Nominee |
|
Vote For |
% |
|
Withold Vote |
% |
|
Bonnie Brooks |
|
140,038,358 |
99.34 |
|
936,985 |
0.66 |
|
Clare R. Copeland |
|
123,412,129 |
87.54 |
|
17,563,214 |
12.46 |
|
Raymond M. Gelgoot |
|
132,625,400 |
94.08 |
|
8,349,943 |
5.92 |
|
Paul Godfrey, C.M., O.Ont. |
|
134,453,374 |
95.37 |
|
6,521,969 |
4.63 |
|
Dale H. Lastman |
|
132,594,803 |
94.06 |
|
8,380,540 |
5.94 |
|
Sharon Sallows |
|
140,296,198 |
99.52 |
|
679,145 |
0.48 |
|
Edward Sonshine, O.Ont., Q.C. |
|
140,227,972 |
99.47 |
|
747,371 |
0.53 |
|
Luc Vanneste |
|
140,108,395 |
99.39 |
|
866,948 |
0.61 |
|
Charles M. Winograd |
|
140,390,711 |
99.59 |
|
584,632 |
0.41 |
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 |
% |
|
141,827,430 |
99.39 |
|
864,551 |
0.61 |
Special Business -
Resolution approving the Deferred Unit Plan and Non-binding
Say-on-pay Advisory Resolution
The ordinary resolution authorizing and approving the adoption
by RioCan of the Deferred Unit Plan was passed. No ballot was
required as proxies were received in favour of this resolution as
follows:
|
Vote For |
% |
|
Against Vote |
% |
|
139,106,360 |
98.68 |
|
1,867,645 |
1.32 |
The ordinary resolution authorizing and approving the
non-binding say-on-pay advisory resolution set forth in the
Circular on the Trust's approach to executive compensation was
passed. No ballot was required as proxies were received in favour
of this resolution as follows:
|
Vote For |
% |
|
Against Vote |
% |
|
134,757,636 |
95.59 |
|
6,216,381 |
4.41 |
About RioCan
RioCan is Canada's largest real estate investment trust with a
total capitalization of approximately $14.5 billion as at March 31,
2014. It owns and manages Canada's largest portfolio of shopping
centres with ownership interests in a portfolio of 340 retail
properties containing approximately 82 million square feet,
including 47 grocery anchored and new format retail centres
containing 13 million square feet in the United States as at March
31, 2014. RioCan's portfolio also includes 16 properties under
development in Canada. For further information, please refer to
RioCan's website at www.riocan.com.
RioCan Real Estate Investment TrustRags DavloorExecutive Vice
President & CFO(416) 642-3554www.riocan.com
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