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

TORONTO, ONTARIO--(Marketwired - April 11, 2013) - RioCan Real Estate Investment Trust ("RioCan") (TSX:REI.UN) today announced that it is issuing a notice of redemption to holders of its $150 million 5.65% Series M senior unsecured debentures due March 31, 2015 (the "Series M Debentures"), representing a redemption in full of all of the currently outstanding Series M Debentures. The Series M Debentures will be redeemed on May 17, 2013, in accordance with their terms, at a total redemption price of $1,072.30 plus accrued and unpaid interest of $7.275 to but excluding the redemption date, both per $1,000 principal amount. Total redemption price, including accrued interest, will be $161,936,301.37 (for the entire $150 million principal amount outstanding).

About RioCan

RioCan is Canada's largest real estate investment trust with a total capitalization of approximately $14.3 billion as at December 31, 2012. It owns and manages Canada's largest portfolio of shopping centres with ownership interests in a portfolio of 346 retail properties containing more than 82 million square feet, including 52 grocery anchored and new format retail centres containing 13.6 million square feet in the United States through various joint venture arrangements as at December 31, 2012. RioCan's portfolio also includes 11 properties under development in Canada. For further information, please refer to RioCan's website at www.riocan.com.