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RioCan Real Estate Investment Trust

RioCan Real Estate Investment Trust Announces Results of Voting at its Annual Meeting of Unitholders

TORONTO--(BUSINESS WIRE)--Jun. 10, 2025-- 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.

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.

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:

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%

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

%

170,023,890

98.67%

2,297,678

1.33%

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

%

158,897,172

92.82%

12,290,771

7.18%

About RioCan

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.

RioCan Real Estate Investment Trust
Investor Relations Inquiries
Email: ir@riocan.com

Source: RioCan Real Estate Investment Trust