RioCan Real Estate Investment Trust Announces Redemption of Series O Unsecured Debentures

TORONTO, ONTARIO–(Marketwired – Feb. 3, 2015) – RioCan Real Estate Investment Trust (“RioCan”) (TSX:REI.UN) today announced that it is issuing a notice of redemption to holders of its $225 million 4.499% Series O senior unsecured debentures due January 21, 2016 (the “Series O Debentures”), representing a redemption in full of all of the currently outstanding Series O Debentures. The Series O Debentures will be redeemed on March 11, 2015, in accordance with their terms, at a total redemption price of $1,030.22 plus accrued and unpaid interest of $6.0398 to but excluding the redemption date, both per $1,000 principal amount. Total redemption price, including accrued interest, will be $233,158,444.52.

About RioCan

RioCan is Canada’s largest real estate investment trust with a total capitalization of approximately $14.7 billion as at September 30, 2014. It owns and manages Canada’s largest portfolio of shopping centres with ownership interests in a portfolio of 340 retail properties containing more than 80 million square feet, including 48 grocery anchored and new format retail centres containing 13 million square feet in the United States as at September 30, 2014. RioCan’s portfolio also includes 15 properties under development in Canada. For further information, please refer to RioCan’s website at www.riocan.com.