RioCan Real Estate Investment Trust (REI-UN) AGM 2024 summary

Opening remarks and agenda

• Meeting held virtually with all trustees present and a focus on navigating the pandemic.

• Agenda included formal business, management presentation, and Q&A session.

• Administrative instructions for virtual participation and voting were provided.

Board and executive committee updates

• Board welcomed new trustee Marie-Josée Lamothe, bringing digital and retail expertise.

• Five new board members added over the last five years, with plans to rotate all committee chairs in the coming year.

• Paul Godfrey was thanked for his years of service following his retirement.

Corporate governance

• Substantial changes to executive compensation were implemented in response to unitholder feedback.

• Continued commitment to governance and board renewal highlighted.

• Notice and Access mechanism used for proxy materials, with over 54% of units represented by proxy, ensuring quorum.