SOURCE: Canadian Real Estate Investment Trust

Canadian Real Estate Investment Trust

May 19, 2017 16:00 ET

Canadian Real Estate Investment Trust Announces Voting Results From the 2017 Annual and Special Meeting of Unitholders

TORONTO, ON--(Marketwired - May 19, 2017) - 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 18, 2017 (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 48,679,822 representing 66.44% of CREIT's total issued and outstanding Units.

1. Election of Trustees

The seven nominees for election as trustees of CREIT referred to in CREIT's management information circular dated March 29, 2017 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  %
John A. Brough  48,177,356  99.73  130,247  0.27
Anthony S. Fell  48,216,183  99.81  91,420  0.19
Stephen E. Johnson  48,279,529  99.94  28,074  0.06
Karen A. Kinsley  48,266,106  99.91  41,497  0.09
R. Michael Latimer  48,069,284  99.51  238,319  0.49
W. Reay Mackay  48,128,359  99.79  99,509  0.21
Dale R. Ponder  48,057,371  99.48  250,232  0.52

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:

          
Votes For  %  Votes Withheld  %
47,939,662  98.50  730,145  1.50
       

3. Special Business - Amendments to the Declaration of Trust

A. The resolution approving an amendment to the Declaration of Trust with respect to advance notice provisions was passed. Proxies for Units were received on this matter as follows:

          
Votes For  %  Votes Against  %
47,910,477  99.18  396,126  0.82
       

B. The resolution approving an amendment to the Declaration of Trust with respect to dissent and appraisal rights was passed. Proxies for Units were received on this matter as follows:

          
Votes For  %  Votes Against  %
48,264,750  99.91  41,853  0.09
       

C. The resolution approving an amendment to the Declaration of Trust with respect to oppression remedies was passed. Proxies for Units were received on this matter as follows:

          
Votes For  %  Votes Against  %
48,263,242  99.91  43,361  0.09
       

D. The resolution approving an amendment to the Declaration of Trust with respect to Unitholder proposals was passed. Proxies for Units were received on this matter as follows:

          
Votes For  %  Votes Against  %
48,262,853  99.91  43,750  0.09
       

E. The resolution approving an amendment to the Declaration of Trust with respect to quorum requirements was passed. Proxies for Units were received on this matter as follows:

          
Votes For  %  Votes Against  %
48,265,457  99.91  41,146  0.09
       

F. The resolution approving an amendment to the Declaration of Trust with respect to removing certain investment restrictions was passed. Proxies for Units were received on this matter as follows:

          
Votes For  %  Votes Against  %
48,181,435  99.74  125,168  0.26
       

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

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

          
Votes For  %  Votes Against  %
44,967,469  93.09  3,337,413  6.91
       

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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