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

TORONTO, ONTARIO--(Marketwired - March 16, 2015) - RioCan Real Estate Investment Trust ("RioCan") (TSX:REI.PR.A) (TSX:REI.PR.C) today announced the following distributions for RioCan's outstanding preferred trust units:

• $0.328125 per preferred unit, Series A (the "Series A Units") for the quarter ending March 31, 2015. The distribution will be payable on March 31, 2015 to unitholders of the Series A Units of record as at March 31, 2015.
  
  
• $0.29375 per preferred unit, Series C (the "Series C Units") for the quarter ending March 31, 2015. The distribution will be payable on March 31, 2015 to unitholders of the Series C Units of record as at March 31, 2015.
  
  

About RioCan

RioCan is Canada's largest real estate investment trust with a total capitalization of approximately $15.1 billion as at December 31, 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 79 million square feet, including 48 grocery anchored and new format retail centres containing 13 million square feet in the United States as at December 31, 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.