Exchange Bulletin
Slate Retail REIT (SRT.UN) To Trade On Toronto Stock Exchange
Slate Retail REIT - An application has been granted for the original listing in the Industrial category of 18,399,266 Class U Units (the "Class U Units") of Slate Retail REIT (the "REIT"), of which 8,586,609 Class U Units are issued and outstanding and 9,812,657 Class U Units are reserved for issuance.
The listing results from a recently completed combination transaction pursuant to which Slate U.S. Opportunity (No.1) Realty Trust acquired all of the assets of Slate U.S. Opportunity (No. 2) Realty Trust and of U.S. Grocery Anchored Retail (1A), (1B) and (1C) Limited Partnerships resulting in the formation of the REIT.
As a result of the closing of the combination transaction, the Class U Units will be posted for trading in both Canadian and US currencies on Toronto Stock Exchange at the opening of business on Tuesday, April 22, 2014.
Registration of interests in and transfers of Class U Units held through CDS Clearing and Depository Services Inc. ("CDS"), or its nominee, will be made electronically through the non-certificated inventory system (the "NCI system") of CDS. Class U Units held in CDS must be purchased, transferred and surrendered for redemption through a CDS participant. All rights of Unitholders who hold Class U Units in CDS must be exercised through, and all payments or other property to which such Unitholders are entitled will be made or delivered by, CDS or the CDS participant through which the Unitholder holds such Class U Units. A holder of a Class U Units participating in the NCI system will not be entitled to a certificate or other instrument from the REIT or the REIT's transfer agent evidencing that person's interest in or ownership of Class U Units.
Additional information on the Class U Units may be found in the Management Information Circular dated February 3, 2014 (the "Circular"), which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Circular.
CAD Units
| Stock Symbol: "SRT.UN" | CUSIP: 831022 11 6 | Currency CDN$ |
USD Units
| Stock Symbol: "SRT.U" | CUSIP: 831022 11 6 | Currency US$ |
| Temporary Market Maker: | RBC Capital Markets |
| Other Markets: | N/A |
| Head Office Address: | 200 Front Street West Suite 2400 Toronto, Ontario M5V 3K2 |
| Website: | www.slateproperties.ca |
| Email Address: | blair@slateproperties.ca |
| Head Office Telephone Number: | (416) 644-4264 |
| Fax Number: | (416) 947-9366 |
| Investor Relations: | Blair Welch Tel.: (416) 644-4264 blair@slateproperties.ca Brady Welch Tel.: (416) 644-4264 brady@slateproperties.ca |
| Incorporation: | The REIT is an unincorporated, open-ended investment trust under, and governed by, the laws of the Province of Ontario. |
| Fiscal Year End: | December 31 |
| Chief Financial Officer: | Brady Welch |
| Corporate Secretary: | Ramsey Ali |
| Nature of Business: | The REIT will focus on acquiring, owning and leasing a portfolio of diversified revenue-producing commercial real estate properties in the United States with an emphasis on grocery anchored retail properties. The initial properties of the REIT will consist of a portfolio of 29 grocery anchored retail commercial properties located in the United States. |
| Transfer Agent & Registrar: | The Transfer Agent and Registrar for the Class U Units is Equity Financial Trust Company, at its principal office in Toronto. |
| Dividends: | The REIT intends to make monthly distributions on the 15th of the month, or the first business day thereafter should the 15th not be a business day, initially in the estimated amount of U.S.$0.06 per Class U Unit per month commencing in the first month following Closing. Holders of class A units (unlisted) of the REIT will be entitled to receive a monthly distribution per class A unit in an amount equal to the Canadian dollar Equivalent Amount of the monthly distribution per Class U Unit multiplied by the class A unit conversion ratio of 1.0078. Holders of class I units of the REIT will be entitled to receive a monthly distribution per class I unit in an amount equal to the monthly distribution per Class U Unit multiplied by the class I conversion ratio of 1.0554. |
