RioCan Real Estate Investment Trust

RioCan Real Estate Investment Trust

August 17, 2005 12:26 ET

RioCan Real Estate Investment Trust Announces August 2005 Distribution

TORONTO, ONTARIO--(CCNMatthews - Aug. 17, 2005) - RioCan Real Estate Investment Trust ("RioCan") (TSX:REI.UN) today announced a distribution of 10.75 cents per unit for the month of August. The distribution will be payable on September 8, 2005 to unitholders of record on August 31, 2005. As announced on August 4, 2005, this distribution reflects an increase from previous months' distributions of 10.5 cents per unit.

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 total assets of approximately $4.2 billion. It has ownership interests in a portfolio of 195 retail properties, including eight under development, across Canada containing an aggregate of 47 million square feet, including partners' and shadow anchors' interests.

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