RioCan Real Estate Investment Trust (“RioCan”) (TSX:REI.UN) today announced a distribution of 11.75 cents per unit for the month of November. The distribution will be payable on December 7, 2017 to unitholders of record as at November 30, 2017.

About RioCanRioCan is Canada’s largest real estate investment trust with a total enterprise value of approximately $13.9 billion at September 30, 2017. 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. Our portfolio is comprised of 294 properties, including 16 development properties, with an aggregate net leasable area of approximately 45 million square feet. To learn more about how we deliver real vision on solid ground, visitwww.riocan.com.

For further information contact:RioCan Real Estate Investment TrustChristian GreenAssistant Vice President, Investor Relations & ComplianceTel: 416-864-6483www.riocan.com

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