RioCan signage is shown at a strip mall in Mississauga, Ont., Saturday, Oct.24, 2020. RioCan is one of Canada's largest real estate investment trusts. THE CANADIAN PRESS/Richard Buchan Share Save for later Please log in to bookmark this story. Log In Create Free Account

RioCan Real Estate Investment Trust REI-UN-T says it’s cutting financial ties to five properties held in its joint venture with the now-defunct Hudson’s Bay as it works to move past the debacle as quickly as possible.

“We can report that RioCan has elected not to participate financially in 5 of 12 assets,” said chief financial officer Dennis Blasutti on an earnings call Friday.

“What it means is that we will not put any more money into the assets, in any form.”

RioCan was in a joint venture wi

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