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Slate Retail REIT Announces Distribution for the Month of July 2017
By: Marketwired .
Jul. 17, 2017 10:13 AM
TORONTO, ON--(Marketwired - July 17, 2017) - 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 July 2017 of U.S.$0.0675 per class U unit of the REIT ("Class U Units"), representing U.S.$0.81 per Class U Unit 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. If a holder of Class U 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 based on the U.S./Canadian dollar exchange rate at the time of payment of the distribution.
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.$0.0680265 per Class A Unit. Holders of class I units of the REIT ("Class I Units") will receive a distribution equal to U.S.$0.0712395 per Class I Unit. Holders of units of subsidiaries of the REIT that are exchangeable into Class U Units ("Exchangeable Units") will receive a distribution equal to U.S.$0.0675 per unit.
Distributions on all unit classes of the REIT, and distributions on Exchangeable Units, will be payable on August 15, 2017 to unitholders of record as of the close of business on July 31, 2017.
Distribution Reinvestment Plan
About Slate Retail REIT (TSX: SRT.U) (TSX: SRT.UN)
About Slate Asset Management L.P.
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