Mr. Kim Lee reports

RIOCAN REAL ESTATE INVESTMENT TRUST ANNOUNCES APRIL 2024 DISTRIBUTION

RioCan Real Estate Investment Trust today declared a distribution of 9.25 cents per unit for the month of April. The distribution will be payable on May 7, 2024, to unitholders of record as at April 30, 2024.

About RioCan Real Estate Investment Trust

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 and work. As at Dec. 31, 2023, its portfolio comprises 188 properties with an aggregate net leasable area of approximately 32.6 million square feet (at RioCan's interest) including office, residential rental and nine development properties.