RioCan Real Estate Investment Trust announced a private placement of 5.455% series AK senior unsecured non-convertible debentures for gross proceed of CAD 300 million on May 22, 2024. The debentures will be sold at a price of CAD 99.973 per CAD 100 principal amount, with a coupon rate of 5.47% per annum and will mature on March 1, 2031. The transaction is subject to customary closing conditions and is expected to close on May 31, 2024.