Slate Office REIT Renews Normal Course Issuer Bid and Establishes At-The-Market Equity Program

TORONTO, June 17, 2022 (GLOBE NEWSWIRE) -- Slate Office REIT (TSX: SOT.UN) (the “REIT”), an owner and operator of high-quality workplace real estate, announced today that it has received approval from the Toronto Stock Exchange (the “TSX”) to renew its existing normal course issuer bid (the “NCIB”) effective as at the open of markets on June 22, 2022 to repurchase for cancellation up to 6,252,619 trust units of the REIT (the “Units”) or approximately 10% of the public float of 62,526,190 Units as of June 14, 2022. Additionally, the REIT 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 $40,000,000 of Units to the public from time to time through BMO Capital Markets and RBC Capital Markets (together, the “Agents”).