/NOT FOR DISSEMINATION IN THE UNITED STATES/
TORONTO, June 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$0.21148 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 July 15, 2013 to unitholders of record
as at June 28, 2013.
The above mentioned distributions are net of U.S. Federal and State
Income taxes paid by the Trust on behalf of the unitholders for which
the unitholders will be receiving a foreign tax credit.
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
nearly two decades of experience in the industry managing complex real
estate transactions in domestic and international markets. Since 2005,
the company has acquired over C$2.2 billion of commercial real estate
assets across North America. The company currently co-invests and
manages various investment vehicles, including Slate U.S. Opportunity
(No. 1) Realty Trust, Slate U.S. Opportunity (No. 2) Realty Trust, and
a closed-end private fund focused on U.S. retail assets, in addition to
the company's co-investments and management of Canadian office
properties with domestic institutional equity groups.
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