TORONTO, ONTARIO--(Marketwired - May 1, 2015) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR TO ANY NON-CANADIAN SOURCE

Retrocom Real Estate Investment Trust (TSX:RMM.UN)(TSX:RMM.DB) (the "REIT") announced today that it will redeem on June 3, 2015 (the "Redemption Date") all of its 6.75% convertible unsecured subordinated debentures due July 31, 2015 (the "6.75% Debentures") in accordance with their terms.

The redemption price will be paid in cash and will include $1,000 for each $1,000 principal amount of the 6.75% Debentures outstanding on the Redemption Date plus accrued and unpaid interest, to but excluding the Redemption Date, of $22.75 per $1,000 principal amount of the 6.75% Debentures. Interest on the 6.75% Debentures will cease to accrue and be payable from and after the Redemption Date.

The REIT expects that the TSX will delist the 6.75% Debentures on or about the Redemption Date.

About Retrocom REIT

Retrocom REIT is an unincorporated, open-end real estate investment trust which focuses on owning and acquiring retail properties across Canada with the goal of enhancing long-term Unitholder value.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, which may be made only by means of a prospectus, nor shall there be any sale of the Units in any state, province or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under securities laws of any such state, province or other jurisdiction. The Units of the Retrocom REIT have not been, and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered, sold or delivered in the United States absent registration or an exemption from the registration requirements of U.S. securities laws.

Contact Information:

Retrocom Real Estate Investment Trust
Richard Michaeloff
Chief Executive Officer
(416) 741-7999
(416) 741-7993 (FAX)
rmichaeloff@rmmreit.com