TORONTO, March 25, 2019 (GLOBE NEWSWIRE) — RioCan Real Estate Investment Trust (“RioCan” or the “Trust”) (TSX:REI.UN) is pleased to announce that Edward Sonshine, O.Ont., Q.C., RioCan’s Chief Executive Officer, has agreed to remain Chief Executive Officer of the Trust until his retirement on March 31, 2021, subject to a potential one year extension. Upon his retirement in March 2021 (or March 2022 if extended), Mr. Sonshine has also agreed to become the Non-Executive Chairman of the Board of the Trust for two years to ensure an orderly transition with his successor. Mr. Paul V. Godfrey, C.M., Chair of the Board, has agreed to step down as Chair of the Board at that time to become Lead Trustee.