TORONTO, ONTARIO--(Marketwire - March 15, 2013) - 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 28, 2013. The distribution will be payable on March 28, 2013 to unitholders of the Series A Units of record as at March 28, 2013.
  
  
• $0.29375 per preferred unit, Series C (the "Series C Units") for the quarter ending March 28, 2013. The distribution will be payable on March 28, 2013 to unitholders of the Series C Units of record as at March 28, 2013.
  

About RioCan

RioCan is Canada's largest real estate investment trust with a total capitalization of approximately $14.3 billion as at December 31, 2012. It owns and manages Canada's largest portfolio of shopping centres with ownership interests in a portfolio of 346 retail properties containing more than 82 million square feet, including 52 grocery anchored and new format retail centres containing 13.6 million square feet in the United States through various joint venture arrangements as at December 31, 2012. RioCan's portfolio also includes 11 properties under development in Canada. For further information, please refer to RioCan's website at www.riocan.com.