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RioCan Real Estate Investment Trust Announces December 2016 Distribution

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TORONTO, ONTARIO--(Marketwired - Dec. 15, 2016) - RioCan Real Estate Investment Trust ("RioCan") (TSX:REI.UN) today announced a distribution of 11.75 cents per unit for the month of December. The distribution will be payable on January 9, 2017 to unitholders of record as at December 30, 2016.

About RioCan

RioCan is Canada's largest real estate investment trust with a total enterprise value of approximately $15 billion as at September 30, 2016. RioCan owns and manages Canada's largest portfolio of shopping centres with ownership interests in a portfolio of 301 Canadian retail and mixed use properties, including 15 properties under development, containing an aggregate net leasable area of 47 million square feet. For further information, please refer to RioCan's
website at www.riocan.com.

FOR FURTHER INFORMATION PLEASE CONTACT:
RioCan Real Estate Investment Trust
Christian Green
Assistant Vice President, Investor Relations & Compliance
416-864-6483
www.riocan.com

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