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TORONTO, ONTARIO--(Marketwired - Jan. 20, 2017) - Slate Retail REIT (TSX:SRT.U)(TSX:SRT.UN) (the "REIT"), an owner and operator of U.S. grocery-anchored real estate, announced today the closing of its previously announced public offering of 5,209,500 class U units of the REIT ("Units") at a price of C$14.35 per Unit or US$10.89 per Unit (the "Offering Price") for gross proceeds of approximately C$74.8 million (the "Public Offering"). The Public Offering was conducted on a bought deal basis by a syndicate of underwriters (the "Underwriters") led by CIBC World Markets Inc., BMO Capital Markets and GMP Securities. The 5,209,500 Units include 679,500 class U trust units of the REIT which were issued and sold to the Underwriters upon the exercise in full of the over-allotment option that had been granted to the Underwriters by the REIT. |
