Slate Grocery REIT completes US$150M at-the-market equity program
March 30, 2022
150.00 Million USD
On March 30, 2022, Slate Grocery REIT established an at-the-market equity program (ATM Program), allowing the REIT to issue up to US$150 million of class U trust units of the REIT to the public. The units will be issued from treasury and distributed on the Toronto Stock Exchange, or other recognized marketplaces in according with the terms of the Equity Distribution Agreement. The ATM Program will be effective until April 28, 2024.
Slate Grocery REIT is an owner and operator of U.S. grocery-anchored real estate. The REIT owns and operates approximately US$1.8 billion of critical real estate infrastructure across major U.S. metro markets that communities rely upon for their daily needs.
McCarthy Tétrault advised Slate Grocery REIT with a team led by Heidi Gordon and Judy Tian that included Christina Simpson (Business), Patrick McCay, Dean Xiao (Tax) and Sharon Kretchmar.