Slate U.S. Opportunity (No. 3) Realty Trust Announces Distribution

USA - English

/NOT FOR DISSEMINATION IN THE UNITED STATES/ 

TORONTO, Dec. 31, 2014 /CNW/ - Slate U.S. Opportunity (No. 3) Realty Trust (the "Trust") today announced a cash distribution on the outstanding class A units, class F units, class U units and class I units of the Trust (collectively, the "Units") in the aggregate amount of U.S.$1,310,000. Pursuant to the amended and restated declaration of trust dated September 20, 2013 (the "Trust Declaration") the distribution per class of Units will be as follows:

a)	C$ 0.19523 per class A unit (converted from U.S.$0.16911 per class A unit in accordance with the Trust Declaration);
b)	C$ 0.20142 per class F unit (converted from U.S.$0.17446 per class F unit in accordance with the Trust Declaration. Distribution was adjusted to reflect that the class F units were subject to a reduced Agents' Fee (as defined in the Trust Declaration)).
c)	U.S.$0.17528 per class U unit; and
d)	U.S.$0.18499 per class I unit (adjusted to reflect that the class I units were not subject to Agents' Fees, as defined in the Trust Declaration).

The distribution will be paid on January 15, 2015 to unitholders of record as of December 31, 2014.

About Slate U.S. Opportunity (No. 3) Realty Trust and Slate Asset Management LP

The Trust was established for the primary purpose of indirectly acquiring, owning and leasing a portfolio of diversified revenue-producing commercial real estate properties in the U.S. with a focus on anchored retail properties. The Trust indirectly owns a portfolio of 13 properties. Slate Asset Management LP ("Slate") is the manager of the Trust and is a leading real estate investment platform with over $2 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 Properties Inc.

Blair Welch, Partner and Co-Founder, Slate Asset Management, 416 644 4267; Brady Welch, Partner and Co-Founder, Slate Asset Management, 416 644 4263