RioCan Real Estate Investment Trust

RioCan Real Estate Investment Trust

March 16, 2005 09:47 ET

RioCan Real Estate Investment Trust Announces March 2005 Distribution


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: RIOCAN REAL ESTATE INVESTMENT TRUST

TSX SYMBOL: REI.UN

MARCH 16, 2005 - 09:47 ET

RioCan Real Estate Investment Trust Announces March
2005 Distribution

TORONTO, ONTARIO--(CCNMatthews - March 16, 2005) - RioCan Real Estate
Investment Trust (TSX:REI.UN)("RioCan") today announced a distribution
of 10.5 cents per unit for the month of March. The distribution will be
payable on April 7, 2005 to unitholders of record on March 31, 2005.

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 total assets of
approximately $4.3 billion. It has ownership interests in a portfolio of
188 retail properties across Canada containing an aggregate of
approximately 46 million square feet, including partners' and shadow
anchors' interests.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    RioCan Real Estate Investment Trust
    Edward Sonshine, Q.C.
    President & CEO
    (416) 866-3018
    www.riocan.com