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

TORONTO, ONTARIO--(Marketwired - June 17, 2013) - 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 28, 2013. The distribution will be payable on June 28, 2013 to unitholders of the Series A Units of record as at June 28, 2013.

• $0.29375 per preferred unit, Series C (the "Series C Units") for the quarter ending June 28, 2013. The distribution will be payable on June 28, 2013 to unitholders of the Series C Units of record as at June 28, 2013.

About RioCan

RioCan is Canada's largest real estate investment trust with a total capitalization of approximately $14.4 billion as at March 31, 2013. It owns and manages Canada's largest portfolio of shopping centres with ownership interests in a portfolio of 344 retail properties containing more than 84 million square feet, including 50 grocery anchored and new format retail centres containing 13.7 million square feet in the United States through various joint venture arrangements as at March 31, 2013. RioCan's portfolio also includes 11 properties under development in Canada. For further information, please refer to RioCan's website at www.riocan.com.