Slate U.S. Opportunity (No. 2) Realty Trust Announces Distribution

CNW Group

/NOT FOR DISSEMINATION IN THE UNITED STATES /

TORONTO , Dec. 31, 2013 /CNW/ - Slate U.S. Opportunity (No. 2) Realty Trust (the "Trust") announced today a cash distribution on the outstanding Class A units (the "Class A Units"), class F units (the "Class F Units"), class U units (the "Class U Units") and class I units (the "Class I Units" and, together with the Class A Units, the Class F Units and the Class U Units, the "Units") of the Trust  in the aggregate amount of U.S. $1,480,000 . Pursuant to the amended and restated declaration of trust dated October 26, 2012 (the "Trust Declaration"), the distribution per class of Units will be as follows:

a)  $0.2141 per Class A Unit (converted from U.S. $0.2017 per Class A Unit in accordance with the Trust Declaration);

b)  C$0.2209 per Class F Unit (converted from U.S. $0.2081 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. $0.2013 per Class U Unit; and

d)  U.S. $0.2124 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, 2014 to unitholders of record as at December 31, 2013.

About Slate U.S. Opportunity (No. 2) Realty Trust and Slate Properties Inc.

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 9 properties. Slate Properties Inc. ("Slate") is the manager of the Trust and is a Toronto-based commercial real estate investor and asset manager. Slate's founding partners have nearly two decades of experience in the industry managing complex real estate transactions in domestic and international markets.  Since 2005, the company has acquired over C$2.2 billion of commercial real estate assets across North America. The company currently co-invests and manages various investment vehicles, including Slate U.S. Opportunity (No. 1) Realty Trust, Slate U.S. Opportunity (No. 2) Realty Trust, Slate U.S. Opportunity (No. 3) Realty Trust, a closed-end private fund focused on U.S. retail assets and owns and manages a portfolio of Canadian office properties with domestic institutional equity.

SOURCE Slate Properties Inc.

Contact:
Blair Welch, Chief Executive Officer, Tel: (416) 644-4267 or Brady Welch, Chief Financial Officer, Tel: (416) 644-4263.
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