RioCan Real Estate Investment Trust
TSX : REI.UN

RioCan Real Estate Investment Trust

February 02, 2015 17:04 ET

RioCan Real Estate Investment Trust Announces Redemption of Series N Unsecured Debentures

TORONTO, ONTARIO--(Marketwired - Feb. 2, 2015) - RioCan Real Estate Investment Trust ("RioCan") (TSX:REI.UN) today announced that it is issuing a notice of redemption to holders of its US$100 million 4.10% Series N senior unsecured debentures due September 21, 2015 (the "Series N Debentures"), representing a redemption in full of all of the currently outstanding Series N Debentures. The Series N Debentures will be redeemed on March 9, 2015, in accordance with their terms, at a total redemption price of US$1,017.84 plus accrued and unpaid interest of US$19.133 to but excluding the redemption date, both per US$1,000 principal amount. Total redemption price, including accrued interest, will be US$103,697,333.33.

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

  • RioCan Real Estate Investment Trust
    Rags Davloor
    President & COO
    Interim CFO
    (416) 642-3554
    www.riocan.com