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RioCan Real Estate Investment Trust ("RioCan") (TSX:REI.UN) today announced that
it has successfully completed its issuance of $150 million principal amount of
Series U senior unsecured debentures (the "Debentures"). The underwriting
syndicate for the offering was co-led by RBC Capital Markets, TD Securities and
BMO Capital Markets. The Debentures carry a coupon rate of 3.62% and will mature
on June 1, 2020.  


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 January 20, 2014 which was filed with Canadian securities regulators.  


About RioCan 

RioCan is Canada's largest real estate investment trust with a total
capitalization of approximately $13.6 billion as at September 30, 2013. It owns
and manages Canada's largest portfolio of shopping centres with ownership
interests in a portfolio of 346 retail properties containing more than 83
million square feet, including 51 grocery anchored and new format retail
containing 14 million square feet in the United States as at September 30, 2013.
RioCan's portfolio also includes 15 properties under development in Canada. For
further information, please refer to RioCan's website at www.riocan.com.


FOR FURTHER INFORMATION PLEASE CONTACT: 
RioCan Real Estate Investment Trust
Rags Davloor
Executive Vice President & CFO
(416) 642-3554
www.riocan.com
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