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Press release from Marketwire

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

Friday, March 15, 2013

RioCan Real Estate Investment Trust Announces Distribution for Preferred Units, Series A and Series C14:16 EDT Friday, March 15, 2013TORONTO, ONTARIO--(Marketwire - March 15, 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 March 28, 2013. The distribution will be payable on March 28, 2013 to unitholders of the Series A Units of record as at March 28, 2013.$0.29375 per preferred unit, Series C (the "Series C Units") for the quarter ending March 28, 2013. The distribution will be payable on March 28, 2013 to unitholders of the Series C Units of record as at March 28, 2013.About RioCanRioCan 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.FOR FURTHER INFORMATION PLEASE CONTACT: Contact Information: RioCan Real Estate Investment TrustRags DavloorExecutive Vice President & CFO(416) 642-3554www.riocan.com