RioCan Real Estate Investment Trust

RioCan Real Estate Investment Trust

July 07, 2009 10:28 ET

RioCan Real Estate Investment Trust Awarded Three 'TopGun' Designations by Brendan Wood International

TORONTO, ONTARIO--(Marketwire - July 7, 2009) - RioCan Real Estate Investment Trust ("RioCan") (TSX:REI.UN) today is pleased to congratulate Edward Sonshine, Q.C. for being awarded the TopGun CEO designation, Rags Davloor for being awarded the TopGun CFO designation, and to RioCan's Board of Trustees for being awarded the TopGun Board of Directors designation by the Brendan Wood International Shareholder Confidence Panel. RioCan was one of only three organizations in Canada to be awarded all three TopGun designations: TopGun CEO, TopGun CFO, and TopGun Board of Directors.

Key elements that distinguish a "TopGun" executive include; the quality of senior management, strong vision for corporate strategy, the depth of management team and execution capability, a demonstrated level of accountability, stringent corporate governance, the ability to place investor interests first, and clear concise communication about the direction and strategy of the organization with the investment community. The nominations are based upon the professional opinions of a worldwide panel of 2,500 asset managers, representing some of the world's largest shareholders and their advisors in 40 countries.

Mr. Sonshine joins a distinguished list of only 66 TopGun CEOs globally, and one of seven Canadian CEO's. Mr. Davloor was one of 51 TopGun CFOs globally, and one of only five Canadian CFOs to be named to this year's list. RioCan's Board of Directors was one of eleven Canadian boards to be selected to this year's list.

"More than 750 organizations were reviewed and evaluated in an exhaustive process using very specific criteria," said Brendan Wood, Chairman of Brendan Wood International. "The designation is an outstanding achievement, reflecting the thoughtful opinions of the world investment community."

"This recognition is the shared success of the organization, the board of directors, and all of the employees at RioCan who execute RioCan's vision day in and day out," said Edward Sonshine, Q.C. President and Chief Executive Officer of RioCan.

About RioCan:

RioCan is Canada's largest real estate investment trust with a total capitalization of approximately $6.2 billion as at March 31, 2009. It owns and manages Canada's largest portfolio of shopping centres with ownership interests in a portfolio of 247 retail properties, including 13 under development, containing an aggregate of over 59 million square feet. For further information, please refer to RioCan's website at

Contact Information

  • RioCan Real Estate Investment Trust
    Rags Davloor
    Senior Vice President & CFO
    (416) 642-3554