RioCan Real Estate Investment Trust (“RioCan” or the “Trust”) (TSX: REI.UN) today announced the results of the votes held at its June 4, 2024 annual meeting of unitholders (the “Meeting”).
The total number of units represented by unitholders present in person or by proxy at the Meeting was 170,542,246, representing 56.85% of RioCan’s 299,961,688 outstanding units entitled to be voted.
Each of the nominee Trustees listed in the Trust's Management Information Circular dated April 19, 2024 was elected as a Trustee. RioCan received proxies with regard to voting on the eleven Trustees nominated for election, as set forth in the table below:
Name of Nominee |
Votes For |
% |
Votes Withheld |
% |
Bonnie Brooks, C.M. |
167,112,377 |
98.45% |
2,626,010 |
1.55% |
Richard Dansereau |
168,515,497 |
99.28% |
1,223,474 |
0.72% |
Janice Fukakusa, C.M. |
163,691,024 |
96.44% |
6,047,947 |
3.56% |
Jonathan Gitlin |
168,223,598 |
99.11% |
1,515,373 |
0.89% |
Marie-Josée Lamothe |
167,743,977 |
98.83% |
1,994,410 |
1.17% |
Dale H. Lastman, C.M., O.Ont. |
166,281,009 |
97.96% |
3,457,962 |
2.04% |
Jane Marshall |
158,927,613 |
93.63% |
10,810,774 |
6.37% |
Guy Metcalfe |
168,966,898 |
99.55% |
772,073 |
0.45% |
Edward Sonshine, O.Ont., K.C. |
160,415,285 |
94.53% |
9,282,276 |
5.47% |
Siim A. Vanaselja |
161,836,883 |
95.34% |
7,901,504 |
4.66% |
Charles M. Winograd |
164,094,066 |
96.67% |
5,644,904 |
3.33% |
Appointment of Auditors
Ernst & Young LLP 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 Trustees to fix their remuneration) as follows:
Votes For |
% |
Votes Withheld |
% |
168,880,079 |
99.03% |
1,662,167 |
0.97% |
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 |
% |
153,246,145 |
90.28% |
16,492,824 |
9.72% |
About RioCan
RioCan is one of Canada’s largest real estate investment trusts. RioCan owns, manages and develops retail-focused, increasingly mixed-use properties located in prime, high-density transit-oriented areas where Canadians want to shop, live and work. As at March 31, 2024, our portfolio is comprised of 188 properties with an aggregate net leasable area of approximately 32.6 million square feet (at RioCan's interest) including office, residential rental and nine development properties. To learn more about us, please visit www.riocan.com.
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Contacts
RioCan
Kim Lee
Vice President, Investor Relations
(416) 646-8326
