RioCan Real Estate Investment Trust Announces Results of Voting at its Annual Meeting of Unitholders
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TORONTO — RioCan Real Estate Investment Trust ('RioCan' or the 'Trust') (TSX: REI.UN) today announced the results of the votes from its annual meeting of unitholders (the 'Meeting') held today.
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The total number of units represented by unitholders present in person or by proxy at the Meeting was 172,731,826, representing 58.07% of RioCan's 296,731,826 outstanding units entitled to be voted.
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Each of the nominee Trustees listed in the Trust's Management Information Circular dated April 25, 2025 was elected as a Trustee. RioCan received proxies with regard to voting on the ten Trustees nominated for election, as set forth in the table below:
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Name of Nominee
Votes
For
%
Votes
Withheld
%
Richard Dansereau
170,543,739
99.62%
644,205
0.38%
Janice Fukakusa, C.M.
167,217,663
97.68%
3,970,279
2.32%
Jonathan Gitlin
168,820,489
98.62%
2,367,455
1.38%
Marie-Josée Lamothe
169,471,182
99.00%
1,716,760
1.00%
Dale H. Lastman, C.M., O.Ont.
167,666,003
97.94%
3,521,941
2.06%
Jane Marshall
167,271,185
97.71%
3,916,766
2.29%
Guy Metcalfe
170,693,242
99.71%
494,702
0.29%
Edward Sonshine, O.Ont., K.C.
166,604,994
97.32%
4,580,906
2.68%
Siim A. Vanaselja
162,187,474
94.74%
9,000,468
5.26%
Charles M. Winograd
162,276,329
94.79%
8,911,615
5.21%
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Appointment of Auditors
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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:
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Say-On-Pay Non-Binding Advisory Vote
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The non-binding say-on-pay vote on the Trust's approach to executive compensation was passed as follows:
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About RioCan
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RioCan is one of Canada's largest real estate investment trusts. RioCan owns, manages and develops retail-focused, mixed-use properties located in prime, high-density transit-oriented areas where Canadians want to shop, live and work. As at March 31, 2025, our portfolio is comprised of 177 properties with an aggregate net leasable area of approximately 32 million square feet (at RioCan's interest). To learn more about us, please visit www.riocan.com.
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