An anonymous trustee reports

SLATE GROCERY REIT ANNOUNCES DISTRIBUTION FOR THE MONTH OF DECEMBER 2023

The board of trustees of Slate Grocery REIT has declared a distribution for the month of December, 2023, of 7.2 U.S. cents per Class U unit of the real estate investment trust, or 86.4 U.S. cents 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.

Holders of Class A units of the REIT will receive a distribution equal to the Canadian-dollar equivalent (based on the U.S.-dollar/Canadian-dollar exchange rate at the time of payment of the distribution) of 7.2 U.S. cents per Class A Unit, unless the unitholder has elected to receive distributions in U.S. dollars. Holders of Class I units of the REIT will receive a distribution of 7.2 cents per Class I unit, unless the unitholder has elected to receive distributions in Canadian dollars. Holders of units of subsidiaries of the REIT that are exchangeable into Class U units will receive a distribution of 7.2 cents per unit.

If a holder of Class U units or Class I 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 or Class I units, as applicable, based on the U.S.-dollar/Canadian-dollar exchange rate at the time of payment of the distribution.

Distributions on all unit classes of the REIT and distributions on exchangeable units will be payable on Jan. 15, 2024, to unitholders of record as of the close of business on Dec. 29, 2023.

About Slate Grocery REIT

Slate Grocery is an owner and operator of U.S. grocery-anchored real estate. The REIT owns and operates approximately $2.4-billion (U.S.) of critical real estate infrastructure across major U.S. metro markets that communities rely upon for their daily needs. The REIT's resilient grocery-anchored portfolio and strong credit tenants provide unitholders with durable cash flows and the potential for capital appreciation over the longer term.

We seek Safe Harbor.