Slate Office REIT completes C$40M at-the-market equity program
June 17, 2022
40.00 Million CAD
On June 17,2022, Slate Office REIT established an at-the-market equity program (“ATM Program”), allowing the REIT to issue up to C$40 million of units to the public through BMO Capital Markets and RBC Capital Markets. The ATM Program will be effective until May 29, 2023.
The REIT intends to use the net proceeds from units sold under the ATM Program to fund ongoing development and acquisition activities in accordance with the investment guidelines of the REIT, capital expenditures, reduction of debt and for general working capital purposes.
Slate Office REIT is a global owner and operator of strategic and well-located office workplace real estate assets in North America and Europe.
McCarthy Tétrault advised Slate Office REIT with a team led by Heidi Gordon and Matthew Sanders that included Patrick McCay and Dean Xiao.