RioCan Real Estate Investment Trust Announces Distribution for Preferred Series C Units

TORONTO, ONTARIO–(Marketwired – June 16, 2016) – RioCan Real Estate Investment Trust (“RioCan”) (TSX:REI.PR.C) today announced the following distribution for RioCan’s outstanding preferred trust units:

• $0.29375 per preferred unit, Series C (the “Series C Units”) for the quarter ending June 30, 2016. The distribution will be payable on June 30, 2016 to unitholders of the Series C Units of record as at June 30, 2016.

About RioCan

RioCan is Canada’s largest real estate investment trust with a total enterprise value of approximately $16 billion as at March 31, 2016. RioCan owns and manages Canada’s largest portfolio of shopping centres with ownership interests in a portfolio of 303 Canadian retail and mixed use properties, including 16 properties under development, containing an aggregate net leasable area of 46 million square feet. For further information, please refer to RioCan’s website at www.riocan.com.