TORONTO, June 02, 2020 (GLOBE NEWSWIRE) — RioCan Real Estate Investment Trust (“RioCan” or the “Trust”) (TSX: REI.UN) today announced the results of the votes held at its June 2, 2020 Annual and Special Meeting of unitholders (the “Meeting”).
The total number of units represented by unitholders present in person or by proxy at the Meeting was 186,451,592; representing 58.77% of RioCan’s outstanding units entitled to be voted.
Each of the nominee Trustees listed in the Trust’s Management Information Circular dated April 13, 2020 was elected as a Trustee. RioCan received proxies with regard to voting on the nine Trustees nominated for election, as set forth in the table below:
Name of Nominee
Votes For
%
Votes Withheld
%
Bonnie Brooks, C.M.
137,165,257
74.08
%
47,994,399
25.92
%
Richard Dansereau
177,995,853
96.13
%
7,163,803
3.87
%
Paul Godfrey, C.M., O.Ont.
142,350,914
76.88
%
42,808,742
23.12
%
Dale H. Lastman, C.M.
172,039,862
92.91
%
13,119,794
7.09
%
Jane Marshall
182,809,942
98.73
%
2,349,714
1.27
%
Sharon Sallows
159,587,314
86.19
%
25,572,342
13.81
%
Edward Sonshine, O.Ont., Q.C.
183,599,384
99.16
%
1,560,272
0.84
%
Siim A. Vanaselja
167,844,080
90.65
%
17,315,576
9.35
%
Charles M. Winograd
183,033,994
98.85
%
2,125,662
1.15
%
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 Trustees to fix their remuneration) as follows:
Votes For
%
Votes Withheld
%
184,611,963
99.11
%
1,664,592
0.89
%
Special Business – Second Amended and Restated Declaration of Trust
The ordinary resolution authorizing and approving the Second Amended and Restated Declaration of Trust which was adopted by the Board of Trustees on April 2, 2020 to provide the Trust with the ability to hold virtual unitholder meetings and also made certain ancillary changes to modernize certain provisions of the First Amended and Restated Declaration of Trust adopted by the Board of Trustees on June 17, 2015.
Vote For
%
Against Vote
%
183,917,877
99.33
%
1,241,780
0.67
%
Say-On-Pay Non-Binding Advisory Vote
The non-binding say-on-pay vote on the Trust’s approach to executive compensation was passed as follows:
Votes For
%
Votes Against
%
145,299,425
78.47
%
39,860,231
21.53
%
About RioCan RioCan is one of Canada’s largest real estate investment trusts. RioCan owns, manages and develops retail-focused, increasingly mixed-use properties located in prime, high-density transit-oriented areas where Canadians want to shop, live and work. As at March 31, 2020, our portfolio is comprised of 222 properties with an aggregate net leasable area of approximately 38.6 million square feet (at RioCan’s interest) including office, residential rental and 16 development properties. To learn more about us, please visit www.riocan.com.
Information contact: Kim Lee Vice President, Investor Relations, RioCan REIT (416) 646-8326 klee@riocan.com
TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.
The S&P/TSX composite index was up 103.40 points at 24,542.48.
In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.
The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.
The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.
The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.
This report by The Canadian Press was first published Oct. 16, 2024.
TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.
The S&P/TSX composite index was up 205.86 points at 24,508.12.
In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.
The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.
The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.
The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.
This report by The Canadian Press was first published Oct. 11, 2024.
TORONTO – Canada’s main stock index was little changed in late-morning trading as the financial sector fell, but energy and base metal stocks moved higher.
The S&P/TSX composite index was up 0.05 of a point at 24,224.95.
In New York, the Dow Jones industrial average was down 94.31 points at 42,417.69. The S&P 500 index was down 10.91 points at 5,781.13, while the Nasdaq composite was down 29.59 points at 18,262.03.
The Canadian dollar traded for 72.71 cents US compared with 73.05 cents US on Wednesday.
The November crude oil contract was up US$1.69 at US$74.93 per barrel and the November natural gas contract was up a penny at US$2.67 per mmBTU.
The December gold contract was up US$14.70 at US$2,640.70 an ounce and the December copper contract was up two cents at US$4.42 a pound.
This report by The Canadian Press was first published Oct. 10, 2024.
