Morguard Real Estate Investment Trust Announces Voting Results from the 2021 Annual and Special Meeting of Unitholders

May 6, 2021

MISSISSAUGA, ON, May 6, 2021 /CNW/ - Morguard Real Estate Investment Trust ("the Trust") (TSX: MRT.UN) today announced the results of matters voted on at its annual and special unitholders' meeting held on May 5, 2021 (the "Meeting"), which included the election of trustees of the Trust, all of the nominees listed in its management information circular dated March 12, 2021.  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 44,842,590 representing 69.92% of the Trust's outstanding units.

1.             Election of Trustees

The six (6) 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

%

Bart S. Munn

44,489,564

99.28

320,925

0.72

Timothy J. Murphy

44,210,316

98.66

600,173

1.34

K. Rai Sahi

44,517,432

99.35

293,057

0.65

Antony K. Stephens

44,105,887

98.43

704,602

1.57

Donald W. Turple

44,491,992

99.29

318,497

0.71

Timothy J. Walker

43,386,665

96.82

1,423,824

3.18

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

%

44,597,024

99.45

245,566

0.55


3.             Amendment to Declaration of Trust

The adoption of a special resolution to authorize and approve an amendment and modification to the Declaration of Trust as more fully described in the management information circular dated March 12, 2021.  Proxies were received on this matter as follows:

Votes For

%

Votes Withheld

%

44,519,777

99.35

290,712

0.65

About Morguard Real Estate Investment Trust
The Trust is a closed-end real estate investment trust, which owns a diversified portfolio of 47 high quality retail, office and industrial income producing properties in Canada consisting of approximately 8.3 million square feet of leasable space.

For more information, please visit Morguard.com.

SOURCE Morguard Real Estate Investment Trust

For further information: Morguard Real Estate Investment Trust: K. Rai Sah, President and Chief Executive Officer, T 905-281-4800; Beverley G. Flynn, Senior Vice President, General Counsel and Secretary, T 905-281-4800