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
Scott Antoniak, Chief Executive Officer, Slate Office REIT, +1 416 583 1764, scott@slateam.com; Conor McBroom, Vice President, Investor Relations, Slate Asset Management L.P., +1 416 619 4284, conor@slateam.comCopyright CNW Group 2015