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RioCan Real Estate Investment Trust Announces January 2017 Distribution

TORONTO, ONTARIO -- (Marketwired) -- 01/13/17 -- RioCan Real Estate Investment Trust ("RioCan") (TSX:REI.UN) today announced a distribution of 11.75 cents per unit for the month of January. The distribution will be payable on February 7, 2017 to unitholders of record as at January 31, 2017.

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.

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

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