An anonymous trustee reports
SLATE RETAIL REIT ANNOUNCES DISTRIBUTION FOR THE MONTH OF APRIL 2018
Slate Retail REIT's board of trustees has declared a distribution for the month of April, 2018, of seven U.S. cents per Class U unit of the REIT or 84 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. If a holder of Class U 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 based on the U.S./Canadian-dollar exchange rate at the time of payment of the distribution.
Holders of Class A units of the REIT will receive a distribution equal to the Canadian-dollar equivalent (based on the U.S./Canadian-dollar exchange rate at the time of payment of the distribution) of 7.0546 U.S. cents per Class A unit. Holders of Class I units of the REIT will receive a distribution equal to 7.3878 U.S. cents per Class I unit. Holders of units of subsidiaries of the REIT that are exchangeable into Class U units will receive a distribution equal to seven U.S. cents per unit.
Distributions on all unit classes of the REIT, and distributions on exchangeable units, will be payable on May 15, 2018, to unitholders of record as of the close of business on April 30, 2018.
About Slate Retail REIT
Slate Retail is a real estate investment trust focused on U.S. grocery-anchored real estate. The REIT owns and operates approximately $1.5-billion (U.S.) of assets located across the top 50 U.S. metro markets that are visited regularly by consumers for their everyday needs. The REIT's conservative payout ratio, together with its diversified portfolio and quality tenant covenants, provides a strong basis to continue to increase unitholder distributions and the flexibility to capitalize on opportunities that drive value appreciation.
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