[August 15, 2023]

RioCan Real Estate Investment Trust Announces August 2023 Distribution

August 15, 2023-- RioCan Real Estate Investment Trust ("RioCan") (TSX: REI.UN) today announced a distribution of 9 cents per unit for the month of August. The distribution will be payable on September 8, 2023 to unitholders of record as at August 31, 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 Canadans want to shop, live and work. As at June 30, 2023, our portfolio is comprised of 193 properties with an aggregate net leasable area of approximately 33.5 million square feet (at RioCan's interest) including office, residential rental and 11 development properties. To learn more about us, please visit www.riocan.com.

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