Slate Grocery REIT Establishes U.S.$150 Million At-The-Market Equity Program

TORONTO, March 30, 2022 (GLOBE NEWSWIRE) -- Slate Grocery REIT (TSX: SGR.U) (TSX: SGR.UN) (the “REIT”), an owner and operator of U.S. grocery-anchored real estate, announced today that it has established an at-the-market equity program (the "ATM Program") that allows the REIT to issue, at its discretion, up to U.S.$150,000,000 of class U trust units of the REIT (the “Units”) to the public from time to time through BMO Capital Markets (the “Agent”). Distributions of Units pursuant to the ATM Program, if any, will be made in accordance with the terms of an equity distribution agreement dated March 30, 2022 (the “Equity Distribution Agreement”) entered into among the REIT and the Agent. Units issued under the ATM Program will be issued from treasury and distributed directly on the Toronto Stock Exchange, or such other recognized marketplaces to the extent permitted, at prevailing market prices at the time of sale, all in accordance with the terms of the Equity Distribution Agreement.