Morguard Real Estate Investment Trust Announces Voting Results from the 2024 Annual Meeting of Unitholders

MISSISSAUGA, ON, May 10, 2024 /CNW/ - Morguard Real Estate Investment Trust ("the Trust") (TSX: MRT.UN) today announced the results of matters voted on at its annual unitholders' meeting held on May 8, 2024 (the "Meeting"), which included the election of trustees of the Trust, all of the nominees listed in its management information circular dated March 14, 2024. The voting results for each of the matters presented at the Meeting are presented below.

The total number of units represented by unitholders present in person or by proxy at the meeting was 48,595,665 representing 75.61% of the Trust's outstanding units.

1.  Election of Trustees

The six (6) nominees proposed by management were elected as trustees of the Trust to hold office until the termination of the next annual meeting of unitholders or until their successors are duly elected or appointed, subject to the provisions of the Trust's Declaration of Trust.  Proxies were received on this matter as follows:

Name	Votes For	%	Votes Withheld	%
Tullio Capulli	48,006,000	98.86	554,429	1.14
Bart S. Munn	48,307,126	99.48	253,303	0.52
Timothy J. Murphy	48,218,272	99.30	342,157	0.70
K. Rai Sahi	48,285,832	99.43	274,597	0.57
Donald W. Turple	48,208,428	99.28	352,001	0.72
Timothy J. Walker	47,438,924	97.69	1,121,505	2.31

2. Appointment of Auditors

The firm of Ernst & Young LLP, chartered accountants, was appointed as auditor of the Trust to hold office until the close of the next annual meeting of the unitholders or until their successors are duly appointed, and to authorize the trustees to fix the remuneration of the auditor.  Proxies were received on this matter as follows:

Votes For	%	Votes Withheld	%
48,406,291	99.62	183,774	0.38

About Morguard Real Estate Investment Trust

The Trust is a closed-end real estate investment trust, which owns a diversified portfolio of 46 high quality retail, office and industrial income producing properties in Canada consisting of approximately 8.2 million square feet of leasable space.

For more information, please visit Morguard.com.

SOURCE Morguard Real Estate Investment Trust

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