TORONTO, ONTARIO–(Marketwired – March 15, 2016) – RioCan Real Estate Investment Trust (“RioCan”) (TSX:REI.UN) today announced a distribution of 11.75 cents per unit for the month of March. The distribution will be payable on April 7, 2016 to unitholders of record as at March 31, 2016.
RioCan’s distribution reinvestment plan (“DRIP”) offers Canadian unitholders a convenient and economical opportunity to automatically reinvest monthly distributions in additional units without the payment of any commissions, service charges or brokerage fees. RioCan announced today that the effective discount participants currently receive on units purchased with the reinvestment of their regular monthly distributions will be decreased from 3.1% to 0%, to take effect with the March 2016 distribution, payable on April 7, 2016. Additional information regarding the DRIP is available at www.riocan.com.
RioCan is Canada’s largest real estate investment trust with a total enterprise value of approximately $15 billion as at December 31, 2015. RioCan owns and manages Canada’s largest portfolio of shopping centres with ownership interests in a portfolio of 305 Canadian retail and mixed use properties, including 16 properties under development, containing an aggregate net leasable area (“NLA”) of 46 million square feet. For further information, please refer to RioCan’s website at www.riocan.com.
Director, Investor Relations & Compliance