Morguard Real Estate Investment Trust Announces Voting Results from the 2014 Annual Meeting of Unitholders

TSX: MRT.UN

MISSISSAUGA, ON, May 16, 2014 /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, 2014 (the "Meeting"), which included the election of trustees of the Trust, all of the nominees listed in its management information circular dated March 20, 2014.  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 44,077,834 representing 70.83% of the Trust's outstanding units.

1. Election of Trustees

The eight (8) 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 40,787,618 92.80 3,165,820 7.20
Michael A. Catford 43,345,913 98.62 607,525 1.38
Paul F. Cobb 43,744,581 99.52 208,857 0.48
David A. King 34,812,788 79.20 9,140,650 20.80
Edward C. Kress 40,234,295 91.54 3,719,143 8.46
K. (Rai) Sahi 34,805,968 79.19 9,147,470 20.81
Antony K. Stephens 34,812,367 79.20 9,141,071 20.80
Timothy J. Walker 32,333,148 73.56 11,620,290 26.44

2. Appointment of Auditors

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 %
43,992,544 99.92 36,015 0.08

ABOUT MORGUARD REAL ESTATE INVESTMENT TRUST
Morguard REIT is a closed-end real estate investment trust, which owns a diversified portfolio of 55 high quality retail, office and mixed-use properties in Canada with an approximate value of $2.9 billion and comprising approximately 9.6 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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