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Press release from Marketwire

RioCan Real Estate Investment Trust Announces Results of Voting at RioCan's Annual and Special Meeting

Wednesday, June 05, 2013

RioCan Real Estate Investment Trust Announces Results of Voting at RioCan's Annual and Special Meeting

17:03 EDT Wednesday, June 05, 2013

TORONTO, ONTARIO--(Marketwired - June 5, 2013) - RioCan Real Estate Investment Trust ("RioCan") (TSX:REI.UN) today announced the results of the votes held at its June 5, 2013 Annual and Special Meeting of unitholders (the "Meeting"). Issuers listed on the Toronto Stock Exchange are now required to issue a press release providing this information.

The total number of units represented by unitholders present in person or by proxy at the Meeting was 166,010,918, representing 55.44% of RioCan's outstanding units.

Each of the nominee Trustees listed in the Trust's Management Information Circular dated April 9, 2013 was elected as a Trustee, without a vote by ballot being conducted. RioCan received proxies with regard to voting on the eight Trustees nominated for election, directing as set forth in the table below:

Name of Nominee Vote For % Withold Vote %
Bonnie Brooks 162,602,578 99.50 812,525 0.50
Clare R. Copeland 86,054,153 52.66 77,360,950 47.34
Raymond M. Gelgoot 147,538,892 90.28 15,876,211 9.72
Paul Godfrey, C.M., O.Ont. 139,840,400 85.57 23,574,703 14.43
Dale H. Lastman 147,519,565 90.27 15,895,538 9.73
Sharon Sallows 162,825,404 99.64 589,699 0.36
Edward Sonshine, O.Ont., Q.C. 162,193,528 99.25 1,221,575 0.75
Charles M. Winograd 163,041,671 99.77 373,432 0.23

Appointment of Auditors

Ernst & Young LLP, Chartered Accountants, was reappointed as the auditor of the Trust until the next annual meeting of unitholders by resolution passed by a majority of the unitholders. Management received proxies to vote for the appointment of the auditor (and to authorize the directors to fix their remuneration) as follows:

Vote For % Withold Vote %
165,120,438 99.69 506,533 0.31

Special Business - Amendments to Amended and Restated Declaration of Trust

The ordinary resolution authorizing and approving certain amendments to the Amended and Restated Declaration of Trust made as of March 30, 2012 (the "Amended and Restated Declaration of Trust") to implement a policy requiring advance notice to be given to the Trust of unitholder proposals relating to the nomination of Trustee was passed. No ballot was required as proxies were received in favour of this resolution as follows:

Vote For % Against Vote %
162,310,524 99.32 1,104,538 0.68

The ordinary resolution authorizing and approving certain amendments to the Amended and Restated Declaration of Trust to more closely align certain provisions of the Amended and Restated Declaration of Trust with corresponding provisions applicable to corporations governed by the Canada Business Corporations Act was passed. No ballot was required as proxies were received in favour of this resolution as follows:

Vote For % Against Vote %
162,884,207 99.68 529,733 0.32

About RioCan

RioCan is Canada's largest real estate investment trust with a total capitalization of approximately $14.4 billion as at March 31, 2013. It owns and manages Canada's largest portfolio of shopping centres with ownership interests in a portfolio of 344 retail properties containing more than 84 million square feet, including 50 grocery anchored and new format retail centres containing 13.7 million square feet in the United States through various joint venture arrangements as at March 31, 2013. RioCan's portfolio also includes 11 properties under development in Canada. For further information, please refer to RioCan's website at www.riocan.com.

FOR FURTHER INFORMATION PLEASE CONTACT:

Contact Information:
RioCan Real Estate Investment Trust
Rags Davloor
Executive Vice President & CFO
(416) 642-3554

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