TORONTO, ONTARIO–(Marketwired – June 17, 2015) – RioCan Real Estate Investment Trust (“RioCan”) (TSX:REI.UN) today announced the results of the votes held at its June 17, 2015 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 184,429,397, representing 58.16% of RioCan’s outstanding units.
Each of the nominee Trustees listed in the Trust’s Management Information Circular dated April 20, 2015 was elected as a Trustee, without a vote by ballot being conducted. RioCan received proxies with regard to voting on the ten Trustees nominated for election, as set forth in the table below:
| Name of Nominee | Vote For | % | Withold Vote | % |
| Bonnie Brooks | 175,830,560 | 96.43% | 6,515,740 | 3.57% |
| Clare R. Copeland | 158,857,224 | 87.12% | 23,489,075 | 12.88% |
| Raymond M. Gelgoot | 178,833,562 | 98.07% | 3,512,738 | 1.93% |
| Paul Godfrey, C.M., O.Ont. | 171,126,371 | 93.85% | 11,219,928 | 6.15% |
| Dale H. Lastman | 164,715,685 | 90.33% | 17,630,615 | 9.67% |
| Jane Marshall | 182,087,492 | 99.86% | 258,808 | 0.14% |
| Sharon Sallows | 173,925,903 | 95.38% | 8,420,397 | 4.62% |
| Edward Sonshine, O.Ont., Q.C. | 180,560,985 | 99.02% | 1,785,315 | 0.98% |
| Luc Vanneste | 181,608,026 | 99.60% | 738,196 | 0.40% |
| Charles M. Winograd | 177,900,076 | 97.56% | 4,446,224 | 2.44% |
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 | % |
| 183,825,637 | 99.68% | 583,733 | 0.32% |
Special Business – Amendment to the 2013 Unit Option Plan
The ordinary resolution authorizing and approving an amendment to the Trust’s 2013 Amended and Restated Unit Option Plan to increase the maximum number of Units available for grant under options and to make certain ancillary amendments. No ballot was required as proxies were received in favour of this resolution as follows:
| Vote For | % | Against Vote | % |
| 173,530,893 | 95.17% | 8,813,350 | 4.83% |
Special Business – Amendments to the Declaration of Trust
The ordinary resolution authorizing and approving certain amendments to the Amended and Restated Declaration of Trust designed to further align the Declaration of Trust with evolving governance best practice. No ballot was required as proxies were received in favour of this resolution as follows:
| Vote For | % | Against Vote | % |
| 181,348,236 | 99.45% | 998,054 | 0.55% |
Say-On-Pay Non-Binding Advisory Vote
The non-binding say-on-pay vote 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 | % |
| 170,706,471 | 93.62% | 11,640,322 | 6.38% |
About RioCan
RioCan is Canada’s largest real estate investment trust with a total enterprise value of approximately $16.2 billion as at March 31, 2015. It owns and manages Canada’s largest portfolio of shopping centres with ownership interests in a portfolio of 353 retail properties containing more than 79 million square feet, including 48 grocery anchored and new format retail centres containing 13 million square feet in the United States as at March 31, 2015. RioCan’s portfolio also includes 15 properties under development in Canada. For further information, please refer to RioCan’s website at www.riocan.com.
Cynthia Devine
Executive Vice President,
Chief Financial Officer and Corporate Secretary
(647) 253-4973
www.riocan.com