Slate Office REIT Announces Distribution for the month of May 2015

/NOT FOR DISSEMINATION IN THE UNITED STATES/

TORONTO, May 15, 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 May 2015 of CDN$0.0625 per trust unit of the REIT.

The distribution will be payable on June 15, 2015 to unitholders of record as of the close of business on May 29, 2015.

Slate Asset Management LP ("Slate"), is the REIT's manager.

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 on the REIT's website at www.slateofficereit.com.

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 comprises 35 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. More information is available at www.slateofficereit.com.

About Slate Asset Management
Slate is a leading real estate investment platform with over $2.5 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. More information is available at www.slateam.com.

SOURCE Slate Office REIT

Scott Antoniak, Chief Executive Officer, 416 583 1764; Brian Moncik, Chief Financial Officer, 416 583 1763