Slate Retail REIT completes C$4.2M issuer bid for Class U units

Date Closed

February 26, 2019

Lead Office

Toronto

Value

4.20 Million CAD

On February 26, 2019, Slate Retail REIT completed the purchase of Class U units from its previously announced issuer bid. Slate purchased for cancellation 336,563 units at a price of C$12.54 per unit for an aggregate purchase price of C$4.2 million.

Slate is a real estate investment trust focusing on grocery-anchored retail plazas in the United States. Based in Toronto and Chicago, it owns and operates approximately US$1.5 billion in assets.

McCarthy Tétrault LLP advised Slate with a team lead by Matthew Cumming and Heidi Gordon that included Andrea Schneider (Business) and Patrick McCay (Tax).

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