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Press release from CNW Group

Morguard Corporation announces voting results from the 2013 annual meeting of shareholders

Thursday, May 16, 2013

Morguard Corporation announces voting results from the 2013 annual meeting of shareholders

11:09 EDT Thursday, May 16, 2013

MISSISSAUGA, ON, May 16, 2013 /CNW/ - Morguard Corporation ("the Corporation") (TSX: MRC) today announced the results of matters voted on at its annual shareholders' meeting held on May 14, 2013 (the "Meeting"), which included the election of directors of the Corporation, all of the nominees listed in its management information circular dated March 20, 2013.  The voting results for each of the matters presented at the Meeting are presented below.

The total number of common shares represented by shareholders present in person or by proxy at the meeting was 9,884,872 representing 77.39% of the Corporation's outstanding common shares.

1. Election of Directors

On a vote by single ballot, the six (6) nominees proposed by management were elected as directors of the Corporation to hold office until the termination of the next annual meeting of shareholders or until their successors are duly elected or appointed, subject to the provisions of the Corporation's by-laws. Proxies were received on this matter as follows:

Name Votes For % Votes Withheld %
David A. King 9,547,607 98.01 193,376 1.99
Timothy John Murphy 9,636,785 98.93 104,198 1.07
Michael S. Robb 9,738,261 99.97 2,722 0.03
Bruce K. Robertson 9,740,159 99.99 824 0.01
K. (Rai) Sahi 9,573,351 98.28 167,632 1.72
L. Peter Sharpe 9,740,159 99.99 824 0.01

2. Appointment of Auditors

On a vote by a show of hands, the firm of Ernst & Young LLP, chartered accountants, was appointed as auditor of the Corporation to hold office until the close of the next annual meeting of the shareholders or until their successors are duly appointed, and to authorize the directors to fix the remuneration of the auditor.  Proxies were received on this matter as follows:

Votes For % Votes Withheld %
9,687,225 98.98 99,539 1.02

About Morguard Corporation

Morguard Corporation is a major Canadian real estate and property management company.  It has extensive retail, office, industrial and residential holdings owned directly and through its investment in Morguard REIT and Morguard North American Residential Real Estate Investment Trust.  Morguard provides management services to institutional and other investors for commercial and residential real estate through Morguard Investments Limited and Morguard Residential.

 

SOURCE: Morguard Corporation

For further information:

K. (Rai) Sahi, Chairman and Chief Executive Officer
Tel:  905.281.3800
Fax:  905.281.5890

Beverley G. Flynn, Secretary
Tel:  905.281.3800
Fax:  905.281.5890

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