Slate Grocery REIT Announces Distribution for the Month of May 2025
TORONTO--(BUSINESS WIRE)--May 15, 2025--
Slate Grocery REIT (TSX: SGR.U) (TSX: SGR.UN) (the 'REIT'), an owner and operator of U.S. grocery-anchored real estate, announced today that the Board of Trustees has declared a distribution for the month of May 2025 of U.S.$0.072 per class U unit of the REIT ('Class U Units'), or U.S.$0.864 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 ('Class A Units') 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 U.S.$0.072 per Class A Unit, unless the unitholder has elected to receive distributions in U.S. dollars. Holders of class I units of the REIT ('Class I Units') will receive a distribution of U.S.$0.072 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 ('Exchangeable Units') will receive a distribution of U.S.$0.072 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./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 June 16, 2025, to unitholders of record as of the close of business on May 30, 2025.
Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable by management as of the date hereof, are inherently subject to significant business, economic and competitive uncertainties and contingencies. When relying on forward-looking statements to make decisions, the REIT cautions readers not to place undue reliance on these statements, as forward-looking statements involve significant risks and uncertainties and should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not the times at or by which such performance or results will be achieved. A number of factors could cause actual results to differ, possibly materially, from the results discussed in the forward-looking statements. Additional information about risks and uncertainties is contained in the filings of the REIT with securities regulators.
SGR-Dist
View source version on businesswire.com:https://www.businesswire.com/news/home/20250515913753/en/
CONTACT: For Further Information
Investor Relations
+1 416 644 4264
[email protected]
KEYWORD: NORTH AMERICA CANADA
INDUSTRY KEYWORD: REIT RETAIL COMMERCIAL BUILDING & REAL ESTATE SUPERMARKET CONSTRUCTION & PROPERTY
SOURCE: Slate Grocery REIT
Copyright Business Wire 2025.
PUB: 05/15/2025 08:00 AM/DISC: 05/15/2025 08:02 AM
http://www.businesswire.com/news/home/20250515913753/en
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