/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 Declaration)).
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 Inc.
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.