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Press release from CNW Group

Morguard Real Estate Investment Trust Announces Voting Results from the 2013 Annual Meeting of Unitholders

Thursday, May 16, 2013

Morguard Real Estate Investment Trust Announces Voting Results from the 2013 Annual Meeting of Unitholders

10:54 EDT Thursday, May 16, 2013

TSX: MRT.UN

MISSISSAUGA, ON, May 16, 2013 /CNW/ - Morguard Real Estate Investment Trust ("the Trust") (TSX: MRT.UN) today announced the results of matters voted on at its annual unitholders' meeting held on May 14, 2013 (the "Meeting"), which included the election of trustees of the Trust, 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 units represented by unitholders present in person or by proxy at the meeting was 45,541,010 representing 71.05% of the Trust's outstanding units.

1. Election of Trustees

On a vote by a show of hands, the seven (7) nominees proposed by management were elected as trustees of the Trust to hold office until the termination of the next annual meeting of unitholders or until their successors are duly elected or appointed, subject to the provisions of the Trust's Declaration of Trust. Proxies were received on this matter as follows:

Name Votes For % Votes Withheld %
Fraser R. Berrill 45,088,463 99.64 163,610 0.36
Michael A. Catford 42,556,270 94.04 2,695,803 5.96
Paul F. Cobb 45,096,933 99.66 155,140 0.34
David A. King 43,927,225 97.07 1,325,048 2.93
Edward C. Kress 42,521,070 93.96 2,731,003 6.04
K. (Rai) Sahi 43,556,887 96.25 1,695,186 3.75
Antony K. Stephens 43,934,778 97.09 1,317,295 2.91

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 Trust to hold office until the close of the next annual meeting of the unitholders or until their successors are duly appointed, and to authorize the trustees to fix the remuneration of the auditor.  Proxies were received on this matter as follows:

Votes For % Votes Withheld %
45,425,638 99.95 21,417 0.05

ABOUT MORGUARD REAL ESTATE INVESTMENT TRUST
Morguard REIT is a closed-end real estate investment trust, which owns a diversified portfolio of 52 retail, office and mixed-use properties in Canada with a book value of $2.6 billion and approximately 8.9 million square feet of leaseable space.

SOURCE: Morguard Real Estate Investment Trust

For further information:

K. (Rai) Sahi, President and Chief Executive Officer, Tel: 905.281.4800, or;
Beverley G Flynn, Vice President, General Counsel and Secretary, Tel: 905.281.4800.

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