07:06 AM EDT, 06/04/2025 (MT Newswires) -- RioCan REIT (REI-UN.TO) overnight Tuesday said a receivership process has been established to protect the interests of RioCan and the other stakeholders in the RioCan-HBC joint venture.

FTI Consulting Canada has been appointed as the receiver.

The JV receivership process will be advanced in parallel with the HBC Companies' Creditors Arrangement Act proceeding, a statement noted.