RioCan Real Estate Investment Trust Announces Results of Voting at RioCan's Annual and Special Meeting

RioCan Real Estate Investment Trust Announces Results of Voting at RioCan's Annual and Special Meeting
  
 

TORONTO, ONTARIO--(Marketwired - May 28, 2014) - RioCan Real Estate Investment Trust ("RioCan") (TSX:REI.UN) today announced the results of the votes held at its May 28, 2014 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 142,715,104, representing 46.88% of RioCan's outstanding units.

Each of the nominee Trustees listed in the Trust's Management Information Circular dated April 11, 2014 was elected as a Trustee, without a vote by ballot being conducted. RioCan received proxies with regard to voting on the nine Trustees nominated for election, directing as set forth in the table below:

Name of Nominee		Vote For	%		Withold Vote	%
Bonnie Brooks		140,038,358	99.34		936,985	0.66
Clare R. Copeland		123,412,129	87.54		17,563,214	12.46
Raymond M. Gelgoot		132,625,400	94.08		8,349,943	5.92
Paul Godfrey, C.M., O.Ont.		134,453,374	95.37		6,521,969	4.63
Dale H. Lastman		132,594,803	94.06		8,380,540	5.94
Sharon Sallows		140,296,198	99.52		679,145	0.48
Edward Sonshine, O.Ont., Q.C.		140,227,972	99.47		747,371	0.53
Luc Vanneste		140,108,395	99.39		866,948	0.61
Charles M. Winograd		140,390,711	99.59		584,632	0.41

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	%
141,827,430	99.39		864,551	0.61

Special Business - Resolution approving the Deferred Unit Plan and Non-binding Say-on-pay Advisory Resolution

The ordinary resolution authorizing and approving the adoption by RioCan of the Deferred Unit Plan was passed. No ballot was required as proxies were received in favour of this resolution as follows:

Vote For	%		Against Vote	%
139,106,360	98.68		1,867,645	1.32

The ordinary resolution authorizing and approving the non-binding say-on-pay advisory resolution set forth in the Circular 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	%
134,757,636	95.59		6,216,381	4.41

About RioCan

RioCan is Canada's largest real estate investment trust with a total capitalization of approximately $14.5 billion as at March 31, 2014. It owns and manages Canada's largest portfolio of shopping centres with ownership interests in a portfolio of 340 retail properties containing approximately 82 million square feet, including 47 grocery anchored and new format retail centres containing 13 million square feet in the United States as at March 31, 2014. RioCan's portfolio also includes 16 properties under development in Canada. For further information, please refer to RioCan's website at www.riocan.com.

RioCan Real Estate Investment TrustRags DavloorExecutive Vice President & CFO(416) 642-3554www.riocan.com