RioCan Real Estate Investment Trust announced that it has established an automatic securities purchase plan in connection with its previously announced normal course issuer bid applicable to its outstanding trust units. The ASPP is intended to allow for the purchase of Units under the NCIB at times when RioCan would ordinarily not be permitted to purchase Units due to regulatory restrictions and customary self-imposed blackout periods. Pursuant to the ASPP, purchases will be made by RioCan’s designated broker based on pre-established purchasing parameters, in accordance with the rules of the Toronto Stock Exchange, applicable securities laws and the terms of the ASPP. The ASPP has been pre-cleared by the TSX and will be implemented effective today.
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