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.