Business News • MarketWire • RioCan Real Estate Investment Trust Announces Completion of Restructuring to Qualify as a REIT Commencing January 1, 2011

RioCan Real Estate Investment Trust Announces Completion of Restructuring to Qualify as a REIT Commencing January 1, 2011

RioCan Real Estate Investment Trust Announces Completion of Restructuring to Qualify as a REIT Commencing January 1, 2011

TORONTO, ONTARIO--(Marketwire - Dec. 6, 2010) - RioCan Real Estate Investment Trust ("RioCan") (TSX:REI.UN) today announced that it has completed the necessary tax restructuring to qualify commencing for the 2011 taxation year as a REIT under the Canadian income tax legislation affecting the tax treatment of publicly traded investment trusts. A trust that qualifies as a REIT for a taxation year is exempt from taxation as a specified investment flow through trust (or "SIFT"). Accordingly, RioCan will continue to be able to flow income through to unitholders on a tax effective basis.

View More : http://www.marketwire.com/mw/release.do?id=1364506&sourceType=3

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