TORONTO, ONTARIO--(CCNMatthews - June 16, 2005) - RioCan Real Estate Investment Trust ("RioCan")(TSX:REI.UN) today announced a distribution of 10.5 cents per unit for the month of June. The distribution will be payable on July 8, 2005 to unitholders of record on June 30, 2005.
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 $4.2 billion. It has ownership interests in a portfolio of 186 retail properties across Canada containing an aggregate of approximately 46 million square feet, including partners' and shadow anchors interests.
FOR FURTHER INFORMATION PLEASE CONTACT:
RioCan Real Estate Investment Trust
Edward Sonshine, Q.C.
President & CEO