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

TORONTO, ONTARIO--(Marketwired - June 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 June 30, 2015. The distribution will be payable on June 30, 2015 to unitholders of the Series A Units of record as at June 30, 2015.

• $0.29375 per preferred unit, Series C (the "Series C Units") for the quarter ending June 30, 2015. The distribution will be payable on June 30, 2015 to unitholders of the Series C Units of record as at June 30, 2015.

About RioCan

RioCan is Canada's largest real estate investment trust with a total enterprise value of approximately $16.2 billion as at March 31, 2015. It owns and manages Canada's largest portfolio of shopping centres with ownership interests in a portfolio of 353 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 March 31, 2015. RioCan's portfolio also includes 15 properties under development in Canada. For further information, please refer to RioCan's website at www.riocan.com.