RioCan Real Estate Investment Announces Results of Voting at its Annual Meeting of Unitholders
June 04, 2024 at 10:01 pm
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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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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.