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RioCan to Acquire KingSett Capital’s 50% Interest in Yonge Sheppard Centre; KingSett Capital Investing $100 Million in RioCan Units

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TORONTO, June 06, 2019 (GLOBE NEWSWIRE) — RioCan Real Estate Investment Trust (“RioCan”, TSX:REI.UN) announced today that it has agreed to acquire from KingSett Capital’s Canadian Real Estate Income Fund (“KingSett”) its non-managing, 50% co-ownership interest in Yonge Sheppard Centre (the “Centre”) for an estimated $331 million, net of certain working capital adjustments. The parties… [Read More]

RioCan Real Estate Investment Trust Announces Results of Voting at RioCan’s Annual Meeting

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TORONTO, May 28, 2019 (GLOBE NEWSWIRE) — RioCan Real Estate Investment Trust (“RioCan”) (TSX: REI.UN) today announced the results of the votes held at its May 28, 2019 Annual Meeting of unitholders (the “Meeting”). The total number of units represented by unitholders present in person or by proxy at the Meeting was 184,869,634; representing 60.86%… [Read More]

RioCan Real Estate Investment Trust Announces Agreement of Edward Sonshine, O.Ont., Q.C. to Remain as Chief Executive Officer Until at Least March 31, 2021; Jonathan Gitlin Appointed President and Chief Operating Officer

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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… [Read More]