RioCan Real Estate Investment Trust
TSX : REI.UN

RioCan Real Estate Investment Trust

August 16, 2006 10:47 ET

RioCan Real Estate Investment Trust Announces August 2006 Distribution

TORONTO, ONTARIO--(CCNMatthews - Aug. 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 August. The distribution will be payable on September 8, 2006 to unitholders of record as at August 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 $7 billion. It has ownership interests in a portfolio of 199 retail properties, including 8 under development, across Canada containing an aggregate of over 50 million square feet, including partners' and shadow anchors' interests.

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