[December 15, 2023]

RioCan Real Estate Investment Trust Announces December 2023 Distribution

RioCan Real Estate Investment Trust ("RioCan") (TSX: REI.UN) today announced a distribution of 9 cents per unit for the month of December. The distribution will be payable on January 8, 2024, to unitholders of record as at December 29, 2023.

About RioCan 
RioCan is one of Canada's largest real estate investment trusts. RioCan owns, manages and develops retail-focused, increasingly mixed-use properties located in prime, high-density transit-oriented areas where Canadians want to shop, live ad work. As at September 30, 2023, our portfolio is comprised of 192 properties with an aggregate net leasable area of approximately 33.6 million square feet (at RioCan's interest) including office, residential rental and 10 development properties. To learn more about us, please visit www.riocan.com.

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