Morguard Recognized as Canada's Safest Employer with Two Gold Awards

MISSISSAUGA, ON, Oct. 31, 2013 /CNW/ - Morguard was recognized as Canada's Safest Employer with two Gold Awards at the 3^rd Annual Canada's Safest Employers Awards Gala on October 30, 2013. The Gold Awards were presented to Morguard in the Retail and Services category and Wellness category.

The Awards program, led by Thomson Reuters, recognizes Canadian organizations for outstanding achievements in workplace health and safety.   The Awards submissions were reviewed by an expert judging panel followed by an employee safety perception survey. Judging criteria was based on Leadership and Management Support, Employee Engagement, Communication, Innovation and Injury Statistics.

"This is a significant accomplishment as it represents our performance of managing 2.8 million work hours a year," said Rai Sahi, Chairman and Chief Executive Officer, Morguard Corporation. "Our senior management team has taken a leadership role to ensure our Occupational Health and Safety programs extend across our eight regional offices, more than 400 owned and managed properties, and multiple development projects in Canada."

Morguard manages a combined $13.6 billion of assets on behalf of its corporate owned assets and third party pension fund investments.  Investors depend on Morguard to uphold sound Occupational Health and Safety principles to manage risk and reputation of their respective investments.

"We are thrilled to be honoured with the inaugural Wellness Gold Award", added Sahi.  "At Morguard we hold employees as our most valuable asset and we understand that the welfare of employees has a direct impact on the success of our company."

About Morguard
Morguard Corporation (TSX: MRC) is a major North American real estate and property management company.  It has extensive retail, office, industrial and residential holdings owned directly and through its investment in Morguard REIT (TSX:  MRT.UN) and Morguard North American Residential REIT (TSX: MRG.UN).  Morguard also provides real estate management services to institutional and other investors.

SOURCE: Morguard Corporation

For further information:

Beverley G. Flynn, Secretary
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