Morguard Corporation Announces Voting Results from the 2015 Annual Meeting of Shareholders

MISSISSAUGA, ON, May 15, 2015 /CNW/ - Morguard Corporation ("the Corporation") (TSX: MRC) today announced the results of matters voted on at its annual shareholders' meeting held on May 13, 2015 (the "Meeting"), which included the election of directors of the Corporation, all of the nominees listed in its management information circular dated March 19, 2015.  The voting results for each of the matters presented at the Meeting are presented below.

The total number of common shares represented by shareholders present in person or by proxy at the meeting was 10,372,769 representing 84.13% of the Corporation's outstanding common shares.

1.  Election of Directors

The eight (8) nominees proposed by management were elected as directors of the Corporation to hold office until the termination of the next annual meeting of shareholders or until their successors are duly elected or appointed, subject to the provisions of the Corporation's by-laws.  Proxies were received on this matter as follows:

Name	Votes For	%	Votes Withheld	%
Chris J. Cahill	10,328,225	99.94	6,128	0.06
Andrew T. Edmundson	10,222,878	98.92	111,475	1.08
David A. King	10,140,478	98.12	193,875	1.88
Timothy John Murphy	10,234,033	99.03	100,320	0.97
Michael S. Robb	10,223,333	98.93	111,020	1.07
Bruce K. Robertson	10,244,585	99.13	89,768	0.87
K. Rai Sahi	10,184,797	98.55	149,556	1.45
L. Peter Sharpe	10,233,472	99.02	100,881	0.98

2.  Appointment of Auditors

The firm of Ernst & Young LLP, chartered accountants, was appointed as auditor of the Corporation to hold office until the close of the next annual meeting of the shareholders or until their successors are duly appointed, and to authorize the directors to fix the remuneration of the auditor.  Proxies were received on this matter as follows:

Votes For	%	Votes Withheld	%
10,277,847	99.14	89,114	0.86

About Morguard Corporation
Morguard Corporation is a major Canadian real estate and property management company.  It has extensive retail, office, industrial and residential holdings owned directly and through its investment in Morguard REIT and Morguard North American Residential Real Estate Investment Trust.  Morguard also provides management services to institutional and other investors for commercial and residential real estate.

SOURCE Morguard Corporation

K. Rai Sahi, Chairman and Chief Executive Officer, Tel: [phone], Fax: [phone]; Beverley G. Flynn, Secretary, Tel: [phone], Fax: [phone]

Related Links

http://www.morguard.com