TORONTO, Aug. 17, 2015 /CNW/ - Slate Office REIT
("Slate Office" or the "REIT") (TSX: SOT.UN) announced today that
the Board of Trustees has declared a distribution for the month of
August 2015 of C$0.0625 per trust unit of the REIT.
The distribution will be payable on September 15, 2015 to unitholders of record as of
the close of business on August 31,
2015.
Distribution Reinvestment Plan
Eligible unitholders
(which includes holders of Class B limited partnership units that
are exchangeable into trust units of the REIT) that elect to
participate in the Distribution Reinvestment Plan (the "DRIP") will
have their cash distributions used to purchase trust units of the
REIT and will also receive a "bonus distribution" of units equal in
value to 3% of each distribution. Unitholders wishing to
participate should contact their investment advisors to enroll in
the DRIP. Additional details and information can be found by
visiting slateam.com/SOT.
The REIT may issue up to 1,045,000 trust units of the REIT under
the DRIP. The REIT may increase the number of trust units available
to be issued under the DRIP at any time at its discretion subject
to (a) the approval of the Board of Trustees, (b) the approval of
any stock exchange upon which the trust units trade, and (c) public
disclosure of such an increase.
About Slate Office REIT
Slate Office REIT is an
open-ended real estate investment trust. The REIT's portfolio
currently comprises 48 strategic and well-located real estate
assets located primarily across Canada's major population centres. The REIT is
focused on maximizing value through internal organic rental and
occupancy growth and strategic acquisitions. Visit slateam.com/SOT
to learn more.
About Slate
Slate Asset Management L.P. is a leading
real estate investment platform with $3
billion in assets under management. Slate is a
value-oriented company and a significant sponsor of all its private
and publicly-traded investment vehicles, which are tailored to the
unique goals and objectives of its investors. The firm's careful
and selective investment approach creates long term value with an
emphasis on capital preservation and outsized returns. Slate is
supported by exceptional people, flexible capital and a proven
ability to originate and execute on a wide range of compelling
investment opportunities. Visit slateam.com to learn more.
SOURCE Slate Office REIT