RioCan Real Estate Investment Trust ("RioCan") (TSX:REI.UN) today announced that it is issuing a notice of redemption to holders of its $44.619 million 4.938% Series J senior unsecured debentures due March 24, 2010 (the "Series J Debentures"), representing a redemption in full of all of the currently outstanding Series J Debentures. The Series J Debentures will be redeemed on December 8, 2009, in accordance with their terms, at a total redemption price of $1012.95 plus accrued and unpaid interest of $10.14658 to but excluding the redemption date, both per $1,000 principal amount.