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TORONTO — Slate Grocery REIT (TSX: SGR.U) (TSX: SGR.UN) (the “REIT”), an proprietor and operator of U.S. grocery-anchored real estate, introduced these days that in connection with its beforehand declared standard training course issuer bid (“NCIB”), which commenced on February 1, 2023, the REIT has entered into an computerized securities repurchase system with its selected broker in order to facilitate purchases of Class U units of the REIT (“Units”).
The automated securities repurchase plan permits for purchases by the REIT of Units at factors in time when the REIT would ordinarily not be permitted to make buys because of to regulatory restrictions or self-imposed blackout durations. Purchases, if any, will be created by the REIT’s specified broker based mostly upon the parameters recommended by the Toronto Inventory Trade and the phrases of the agreement in between the REIT and its specified broker. The automated securities repurchase approach is expected to terminate on the close of small business on May 5, 2023.
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About Slate Grocery REIT (TSX: SGR.U / SGR.UN)
Slate Grocery REIT is an owner and operator of U.S. grocery-anchored genuine estate. The REIT owns and operates approximately US$2.4 billion of crucial serious estate infrastructure across main U.S. metro markets that communities count on for their each day wants. The REIT’s resilient grocery-anchored portfolio and strong credit rating tenants present unitholders with tough cash flows and the probable for capital appreciation more than the longer phrase. Stop by slategroceryreit.com to discover additional about the REIT.
About Slate Asset Administration
Slate Asset Management is a world wide substitute financial investment platform focusing on actual property. We concentrate on fundamentals with the objective of developing very long-expression price for our traders and partners. Slate’s platform has a range of true estate and infrastructure expense strategies, like opportunistic, benefit increase, main moreover and credit card debt investments. We are supported by exceptional individuals and flexible money, which permit us to originate and execute on a extensive range of compelling financial investment alternatives. Go to slateam.com to understand extra.
Forward-Wanting Statements
Sure information and facts herein constitutes “forward-hunting information” as described underneath Canadian securities guidelines which reflect management’s anticipations about goals, programs, ambitions, techniques, long term progress, benefits of operations, performance, organization prospective buyers and alternatives of the REIT. The terms “plans”, “expects”, “does not expect”, “scheduled”, “estimates”, “intends”, “anticipates”, “does not anticipate”, “projects”, “believes”, or variants of such words and phrases and phrases or statements to the impact that selected steps, events or final results “may”, “will”, “could”, “would”, “might”, “occur”, “be achieved”, or “continue” and comparable expressions identify forward-looking statements. These ahead-searching statements are skilled in their entirety by the inherent threats and uncertainties surrounding future anticipations.
Forward-seeking statements are always based on a quantity of estimates and assumptions that, although considered realistic by administration as of the date hereof, are inherently topic to sizeable business, financial and aggressive uncertainties and contingencies. When relying on ahead-on the lookout statements to make choices, the REIT cautions viewers not to put undue reliance on these statements, as forward-seeking statements entail sizeable threats and uncertainties and should not be go through as ensures of potential functionality or final results, and will not automatically be precise indications of no matter if or not the instances at or by which this kind of performance or benefits will be accomplished. A number of components could trigger precise outcomes to differ, perhaps materially, from the results talked about in the forward-seeking statements. Supplemental data about dangers and uncertainties is contained in the filings of the REIT with securities regulators.
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