/NOT FOR DISSEMINATION IN THE UNITED STATES/
TORONTO, Dec. 20, 2012 /CNW/ - Slate U.S. Opportunity (No. 1) Realty
Trust (the "Trust") announced today its first 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.$1,140,600. 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) U.S.$0.20 per Class A unit (to be converted into Canadian dollars in
accordance with the Trust Declaration);
b) U.S.$0.20 per Class U unit; and
c) U.S.$0.21 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 January 14, 2012 to unitholders of
record as at December 31, 2012.
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 50
commercial real estate assets across North America with a total value
of approximately 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, and a closed-end fund of U.S. retail assets.
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.