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Press release from Marketwire

RioCan Real Estate Investment Trust Announces Completion of Public Offering of $150 Million Series Q Senior Unsecured Debentures

Thursday, June 28, 2012

RioCan Real Estate Investment Trust Announces Completion of Public Offering of $150 Million Series Q Senior Unsecured Debentures08:28 EDT Thursday, June 28, 2012TORONTO, ONTARIO--(Marketwire - June 28, 2012) -MEDIA RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICESRioCan Real Estate Investment Trust ("RioCan") (TSX:REI.UN) today announced that it has successfully completed its issuance of $150 million principal amount of Series Q senior unsecured debentures (the "Debentures"). The underwriting syndicate for the offering was co-led by RBC Capital Markets, TD Securities Inc. and Scotia Capital. The Debentures carry a coupon rate of 3.85% and will mature on June 28, 2019. The offering was made under RioCan's base shelf short form prospectus dated June 11, 2012. The terms of the offering are described in a prospectus supplement dated June 25, 2012, which was filed with Canadian securities regulators. About RioCanRioCan 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 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.FOR FURTHER INFORMATION PLEASE CONTACT: Rags DavloorRioCan Real Estate Investment TrustExecutive Vice President & CFO(416) 642-3554www.riocan.com