TORONTO, ONTARIO--(Marketwired - Feb. 12, 2015) -

MEDIA RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES

RioCan Real Estate Investment Trust ("RioCan") (TSX:REI.UN) today announced that it has successfully completed its issuance of $300 million principal amount of Series W senior unsecured debentures (the "Debentures"). The underwriting syndicate for the offering was co-led by RBC Capital Markets, TD Securities and BMO Capital Markets. The Debentures carry a coupon rate of 3.287% and will mature on February 12, 2024.

The offering was made under RioCan's base shelf short form prospectus dated July 7, 2014. The terms of the offering are described in a prospectus supplement dated February 5, 2015 which was filed with Canadian securities regulators.

About RioCan

RioCan is Canada's largest real estate investment trust with a total capitalization of approximately $14.7 billion as at September 30, 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 80 million square feet, including 48 grocery anchored and new format retail centres containing 13 million square feet in the United States as at September 30, 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.

Contact Information:

RioCan Real Estate Investment Trust
Rags Davloor
President, COO & Interim CFO
(416) 642-3554
www.riocan.com