Canadian Real Estate Investment Trust

TSX : REF.UN


Canadian Real Estate Investment Trust

May 16, 2014 15:15 ET

Canadian Real Estate Investment Trust Announces Voting Results From the 2014 Annual and Special Meeting of Unitholders

TORONTO, ONTARIO--(Marketwired - May 16, 2014) - Canadian Real Estate Investment Trust ("CREIT") (TSX:REF.UN) today announced the results of matters voted on at its annual and special Unitholders' meeting held on May 15, 2014 (the "Meeting"). The voting results for each of the matters presented at the Meeting are outlined below.

The total number of units of the Trust ("Units") represented by holders present in person or by proxy at the Meeting was 49,944,215 representing 72.35% of CREIT's total issued and outstanding Units.

1. Election of Trustees

The eight nominees for election as trustees of CREIT referred to in CREIT's management information circular dated March 26, 2014 were elected as trustees of CREIT to hold office until the next annual meeting of Unitholders or until their successors are elected or appointed, subject to the provisions of CREIT's Declaration of Trust.

Proxies were received on this matter for Units as follows:

Name Votes For % Votes Withheld %
Deborah J. Barrett 49,827,031 99.93 36,856 0.07
John A. Brough 49,823,127 99.92 40,760 0.08
Anthony S. Fell 49,817,310 99.91 46,577 0.09
James D. Fisher 49,824,396 99.92 39,491 0.08
Brian M. Flood 49,816,486 99.90 47,401 0.10
Andrew L. Hoffman 49,823,619 99.92 40,268 0.08
Stephen E. Johnson 49,839,489 99.95 24,398 0.05
W. Reay Mackay 49,818,558 99.91 45,329 0.09

2. Appointment of Auditors

Deloitte LLP, Chartered Accountants, was re-appointed as auditor of the Trust to hold office until the next annual meeting of Unitholders at a remuneration to be fixed by CREIT's Board of Trustees.

Proxies for Units were received on this matter as follows:

Votes For % Votes Withheld %
49,227,216 98.63 681,646 1.37

3. Special Business - Amendments to the Declaration of Trust

A. The resolution approving amendments to the Declaration of Trust to implement an advance notice policy was passed. Proxies for Units were received on this matter as follows:

Votes For % Votes Against %
49,791,320 99.85 72,567 0.15

B. The resolution approving amendments to the Declaration of Trust to permit the issuance of special voting units of the Trust was passed. Proxies for Units were received on this matter as follows:

Votes For % Votes Against %
36,999,294 74.20 12,864,593 25.80

C. The resolution approving amendments to the Declaration of Trust to address changes in accounting standards was passed. Proxies for Units were received on this matter as follows:

Votes For % Votes Against %
49,775,010 99.82 88,877 0.18

4. Special Business - Reconfirmation of and Amendments to the Unitholder Rights Plan Agreement

A. The resolution reconfirming the Trust's Unitholder Rights Plan Agreement was passed. Proxies for Units were received on this matter as follows:

Votes For % Votes Against %
48,738,560 97.74 1,125,327 2.26

B. The resolution approving amendments to the Unitholders Rights Plan Agreement was passed. Proxies for Units were received on this matter as follows:

Votes For % Votes Against %
48,731,491 97.73 1,132,396 2.27

CREIT is a real estate investment trust focused on accumulating and aggressively managing a portfolio of high-quality real estate assets and delivering the benefits of real estate ownership to Unitholders. The primary benefit is a reliable and, over time, increasing monthly cash distribution. CREIT owns a diversified portfolio of retail, office and industrial properties.

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