/NOT FOR DISSEMINATION IN THE UNITED STATES/
TORONTO, March 28, 2013 /CNW/ - Slate U.S. Opportunity (No. 1) Realty
Trust (the "Trust") announced today a cash distribution on the outstanding Class A units,
Class U units and Class I units of the Trust (collectively, the "Units") in the aggregate amount of U.S.$1,155,000. Pursuant to the amended
and restated declaration of trust dated March 29, 2012 (the "Trust Declaration"), the distribution per class of Units will be as follows:
a) C$0.20481 per Class A unit (converted from U.S.$0.20170 per Class A unit in accordance with the
b) U.S.$0.20015 per Class U unit; and
c) U.S.$0.21124 per Class I unit (adjusted to reflect that the class I
units were not subject to Agents' Fees (as defined in the Trust
The distribution will be paid on April 15, 2013 to unitholders of record
as at March 28, 2013.
About Slate U.S. Opportunity (No. 1) Realty Trust and Slate Properties
The Trust was established for the primary purpose of indirectly
acquiring, owning and leasing a portfolio of diversified
revenue-producing commercial real estate properties in the U.S. with a
focus on anchored retail properties. The Trust indirectly owns a
portfolio of 13 properties. Slate Properties Inc. ("Slate") is the manager of the Trust and is a Toronto-based commercial real
estate investor and asset manager. Slate's founding partners have
significant experience managing complex real estate transactions in
domestic and international markets. Since 2005, Slate has acquired over
50 commercial real estate assets across North America with a total
value in excess of C$1 billion. Slate's in-house team of asset
management professionals have over 80 years of combined experience.
Slate manages and co-invests in the Trust, Slate U.S. Opportunity (No.
2) Realty Trust, a closed-end fund of U.S. retail assets, and Canadian
SOURCE: SLATE PROPERTIES INC.
For further information:
Blair Welch, Chief Executive Officer, Tel: (416) 644-4267 or Brady Welch, Chief Financial Officer, Tel: (416) 644-4263.