TORONTO, ONTARIO--(Marketwired - Nov. 24, 2014) -
MEDIA RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES
RioCan Real Estate Investment Trust ("RioCan") (TSX:REI.UN) today announced that it has successfully completed its issuance of 4,800,000 trust units (the "Units") at a price of $26.25 per Unit for gross proceeds of $126,000,000. The underwriting syndicate for the offering was co-led by RBC Capital Markets, TD Securities Inc. and BMO Capital Markets.
The offering was made under RioCan's base shelf short form prospectus dated July 7, 2014. The terms of the offering are described in a prospectus supplement dated November 17, 2014 which was filed with Canadian securities regulators.
About RioCan
RioCan is Canada's largest real estate investment trust with a total capitalization of approximately $14.7 billion as at September 30, 2014. It owns and manages Canada's largest portfolio of shopping centres with ownership interests in a portfolio of 340 retail properties containing more than 80 million square feet, including 48 grocery anchored and new format retail centres containing 13 million square feet in the United States as at September 30, 2014. RioCan's portfolio also includes 15 properties under development in Canada. For further information, please refer to RioCan's website at www.riocan.com.
Contact Information:
Rags Davloor
President, COO & Interim CFO
(416) 642-3554
www.riocan.com