TORONTO–(BUSINESS WIRE)–Slate Retail REIT (TSX: SRT.U) (TSX: SRT.UN) (the “REIT”), an owner and
operator of U.S. grocery-anchored real estate, announced today that the
Board of Trustees has declared a distribution for the month of May 2019
of U.S.$0.07125 per class U unit of the REIT (“Class U Units”), or
U.S.$0.855 on an annualized basis.
Holders of Class U Units may elect to receive their distribution in
Canadian dollars and should contact their broker to make such an
election.
Holders of class A units of the REIT (“Class A Units”) will receive a
distribution equal to the Canadian dollar equivalent (based on the
U.S./Canadian dollar exchange rate at the time of payment of the
distribution) of U.S.$0.07125 per Class A Unit, unless the unitholder
has elected to receive distributions in U.S. dollars. Holders of class I
units of the REIT (“Class I Units”) will receive a distribution of
U.S.$0.07125 per Class I Unit, unless the unitholder has elected to
receive distributions in Canadian dollars. Holders of units of
subsidiaries of the REIT that are exchangeable into Class U Units
(“Exchangeable Units”) will receive a distribution of U.S.$0.07125 per
unit.
If a holder of Class U Units or Class I Units elects to receive
distributions in Canadian dollars, the holder will receive the Canadian
dollar equivalent amount of the distribution being paid on the Class U
Units or Class I Units, as applicable, based on the U.S./Canadian dollar
exchange rate at the time of payment of the distribution.
Distributions on all unit classes of the REIT, and distributions on
Exchangeable Units, will be payable on June 17, 2019 to unitholders of
record as of the close of business on May 31, 2019.
About Slate Retail REIT (TSX: SRT.U / SRT.UN)
Slate Retail REIT is a real estate investment trust focused on U.S.
grocery-anchored real estate. The REIT owns and operates approximately
U.S. $1.4 billion of assets located across the top 50 U.S. metro markets
that are visited regularly by consumers for their everyday needs. The
REIT’s diversified portfolio and quality tenant covenants, provides a
strong basis to continue to grow unitholder distributions and the
flexibility to capitalize on opportunities that drive value
appreciation. Visit slateretailreit.com to
learn more about the REIT.
About Slate Asset Management L.P.
Slate Asset Management L.P. is a leading real estate investment platform
with over $6 billion in assets under management. Slate is a
value-oriented manager and a significant sponsor of all of its private
and publicly-traded investment vehicles, which are tailored to the
unique goals and objectives of its investors. The firm’s careful and
selective investment approach creates long-term value with an emphasis
on capital preservation and outsized returns. Slate is supported by
exceptional people, flexible capital and a proven ability to originate
and execute on a wide range of compelling investment opportunities.
Visit slateam.com to
learn more.
Contacts
Investor Relations
+1 416 644 4264
[email protected]
