Slate Retail REIT (TSX:SRT.UN) announces an Equity Buyback for 4,210,526 shares, for CAD 52.8 million.
January 09, 2019
Share
Slate Retail REIT (TSX:SRT.UN) announces a share repurchase program. Under the tender offer, the company will repurchase up to 4,210,526 class U units for CAD 52.8 million. The shares will be purchased at a price per class U unit of CAD 12.54 per share. If more than 4,210,526 class U units are validly tendered for purchase, the tendered class U units will be purchased on a pro rata basis according to the number of class U units validly tendered, except that tenders by holders of “odd lots” (unit holding of fewer than 100 class U units) will not be subject to proration. The offer will expire on February 20, 2019, unless extended, terminated or withdrawn by the company.
Slate Grocery REIT (the REIT) is a Canada-based open-ended mutual fund trust. The REIT focuses on acquiring, owning, and leasing a portfolio of grocery-anchored real estate properties (the properties) in the United States of America (the U.S.). Its objectives are to provide unitholders with stable cash distributions from a portfolio of grocery-anchored real estate properties in the United States. The REIT owns and operates real estate infrastructure across U.S. metro markets. The Company's properties include Centerplace of Greeley, River Run, Sheridan Square, Flamingo Falls, Northlake Commons, Countryside Shoppes, Creekwood Crossing, Skyview Plaza, Riverstone Plaza, Fayetteville Pavilion, Clayton Corners, Apple Blossom Corners, Hillard Rome Commons and Riverdale Shops, among others. The REIT's investment manager is Slate Asset Management (Canada) L.P.
SLATE GROCERY REIT 
