RioCan Real Estate Investment Trust
TSX : REI.UN

RioCan Real Estate Investment Trust

May 16, 2006 09:29 ET

RioCan Real Estate Investment Trust Announces May 2006 Distribution

TORONTO, ONTARIO--(CCNMatthews - May 16, 2006) - RioCan Real Estate Investment Trust ("RioCan") (TSX:REI.UN) today announced a distribution of 10.75 cents per unit for the month of May. The distribution will be payable on June 7, 2006 to unitholders of record as at May 31, 2006.

About RioCan

RioCan's purpose is to deliver to its unitholders stable and reliable cash distributions, which continuously increase over time. RioCan is Canada's largest real estate investment trust with a total market capitalization of approximately $6.8 billion. It has ownership interests in a portfolio of 200 retail properties, including 12 under development, across Canada containing an aggregate of approximately 51 million square feet, including partners' and shadow anchors' interests.

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