RioCan Real Estate Investment Trust
TSX : REI.UN

RioCan Real Estate Investment Trust

April 25, 2008 10:32 ET

RioCan Real Estate Investment Trust Announces Completion of Over-Allotment Option

TORONTO, ONTARIO--(Marketwire - April 25, 2008) -

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RioCan Real Estate Investment Trust ("RioCan") (TSX:REI.UN) today announced that the underwriters of its recent public offering have purchased an additional 930,000 units at $21.05 per unit pursuant to their over-allotment option. The gross proceeds of the over-allotment exercise were $19,576,500. The underwriting syndicate for the offering was co-led by RBC Capital Markets and BMO Capital Markets.

The offering was made under RioCan's base shelf prospectus dated May 19, 2006. The terms of the offering are described in a prospectus supplement dated April 9, 2008, which was filed with Canadian securities regulators.

About RioCan

RioCan is Canada's largest real estate investment trust with a total market capitalization of approximately $7.6 billion. It owns and manages Canada's largest portfolio of shopping centres with ownership interests in a portfolio of 214 retail properties, including 12 under development, containing an aggregate of almost 55 million square feet. For further information, please refer to RioCan's website at www.riocan.com.

Contact Information

  • RioCan Real Estate Investment Trust
    Rags Davloor
    Senior Vice President & CFO
    (416) 642-3554
    Website: www.riocan.com