Canadian Real Estate Investment Trust Announces Voting Results From the 2016 Annual Meeting of Unitholders

TORONTO, ON--(Marketwired - May 20, 2016) - Canadian Real Estate Investment Trust ("CREIT") (TSX: REF.UN) today announced the results of matters voted on at its annual Unitholders' meeting held on May 19, 2016 (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 50,356,661 representing 68.9% 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 29, 2016 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:

2. Appointment of Auditors

Deloitte LLP 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:

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.