RioCan Real Estate Investment Trust Announces Results of Voting at its Annual Meeting of Unitholders

TORONTO--(BUSINESS WIRE)-- RioCan Real Estate Investment Trust (“RioCan” or the “Trust”) (TSX: REI.UN) today announced the results of the votes from its annual meeting of unitholders (the “Meeting”) held today. The total number of units represented by unitholders present in person or by proxy at the Meeting was 159,806,744, representing 54.99% of RioCan’s 290,615,339 outstanding units entitled to be voted. Each of the nominee Trustees listed in the Trust's Management Information Circular dated April 27, 2026 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 % Janice Fukakusa, C.M. 154,370,212 97.13% 4,563,540 2.87% Jonathan Gitlin 156,943,514 98.75% 1,990,240 1.25% Marie-Josée Lamothe 157,658,773 99.20% 1,274,979 0.80% Dale H. Lastman, C.M., O.Ont. 153,449,100 96.55% 5,484,653 3.45% Jane Marshall 154,438,790 97.17% 4,494,963 2.83% Guy Metcalfe 158,667,708 99.83% 266,046 0.17% Edward Sonshine, O.Ont., K.C. 151,106,998 95.08% 7,826,398 4.92% Siim A. Vanaselja 149,358,537 93.98% 9,575,215 6.02% Charles M. Winograd 152,057,753 95.67% 6,876,000 4.33% Appointment of Auditors PricewaterhouseCoopers LLP was appointed 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 % 158,990,068 99.49% 816,676 0.51% 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 % 146,067,735 91.90% 12,866,019 8.10% About RioCan RioCan meets the everyday shopping needs of Canadians through the ownership, management and development of necessity-based retail properties in densely populated communities. As at March 31, 2026, our portfolio is comprised of 167 properties with an aggregate net leasable area of approximately 32 million square feet (at RioCan's interest). To learn more about us, please visit www.riocan.com. RioCan Real Estate Investment Trust Investor Relations Inquiries Email: ir@riocan.com Source: RioCan Real Estate Investment Trust