RioCan Real Estate Investment Trust Announces Distribution for Preferred Units, Series A and Series C

TORONTO, ONTARIO--(Marketwire - June 18, 2012) - RioCan Real Estate Investment Trust ("RioCan") (TSX:REI.PR.A)(TSX:REI.PR.C) today announced the following distributions for RioCan's outstanding preferred trust units:

• $0.328125 per preferred unit, Series A (the "Series A Units") for the quarter ending June 30, 2012. The distribution will be payable on June 29, 2012 to unitholders of the Series A Units of record as at June 29, 2012.

• $0.29375 per preferred unit, Series C (the "Series C Units") for the quarter ending June 30, 2012. The distribution will be payable on June 29, 2012 to unitholders of the Series C Units of record as at June 29, 2012.

About RioCan

RioCan is Canada's largest real estate investment trust with a total capitalization of approximately $13 billion as at March 31, 2012. It owns and manages Canada's largest portfolio of shopping centres with ownership interests in a portfolio of 333 retail properties containing an aggregate of 80 million square feet, including 46 grocery anchored and new format retail centres containing 12 million square feet in the United States through various joint venture arrangements. RioCan's portfolio also includes 10 properties under development in Canada. For further information, please refer to RioCan's website at www.riocan.com.