Slate Properties Inc. Files Final Prospectus for Initial Public Offering of Slate U.S. Opportunity (No. 2) Realty Trust

TORONTO, Oct. 29, 2012 /CNW/ - Slate U.S. Opportunity (# 2) Realty Trust (the "Trust") is pleased to announce that a final prospectus (the "Final Prospectus") has been filed with the securities regulatory authorities in all provinces and territories of Canada for its initial public offering of up to U.S.$50,000,000 of class A units (the "Class A Units"), class F units (the "Class F Units"), class U units (the "Class U Units" and, collectively with the Class A Units and the Class F Units, the "Units") at a price of C$10.00 per Class A Unit and Class F Unit and U.S.$10.00 per Class U Unit (the "Offering"). The Units will be a qualified investment for Trusts governed by an RRSP, RESP, RRIF, deferred profit sharing plan, registered disability savings plan or a TFSA.

The Offering is expected to close on November 19, 2012.

The investment objectives of the Trust are to: (a) indirectly acquire, own and lease a portfolio of diversified revenue-producing commercial real estate properties in the U.S. with a focus on anchored retail properties; (b) make quarterly distributions commencing upon the earlier of (i) the end of the fiscal quarter in which the Investable Funds (as defined in the Final Prospectus) are substantially invested and (ii) September 30, 2013; and (c) enhance the potential for long-term growth of capital through value-added enhancements to the properties owned indirectly by the Trust and organic growth in rental rates, combined with an overall reduction in capitalization rates.

The syndicate of agents for the Offering is led by CIBC and RBC Capital Markets and includes GMP Securities L.P., BMO Capital Markets, Scotiabank, Raymond James Ltd., Macquarie Private Wealth Inc., National Bank Financial Inc., Canaccord Genuity Corp. and Dundee Securities Ltd.

This Offering is only made by Final Prospectus. The Final Prospectus contains important detailed information about the securities being offered. Copies of the Final Prospectus may be obtained from your IIROC registered financial advisor. Investors should read the Final Prospectus before making an investment decision.

Slate Properties Inc. ("Slate") is the promoter of the Trust by reason of its initiative in organizing the business of the Trust and taking the steps necessary for the public distribution of the Units. In addition, Slate will be the manager of the Trust.

About Slate: Slate is a Toronto-based commercial real estate investor and asset manager. Slate's founding partners have significant experience managing complex real estate transactions in domestic and international markets. Since 2005, the company has acquired 43 commercial real estate assets across North America with a total value of approximately C$1 billion. Slate's in-house team of asset management professionals have over 80 years of combined experience. The company manages and co-invests in Slate U.S. Opportunity (# 1) Realty Trust as well as a closed-end fund of U.S. retail assets. Slate's hands-on approach differentiates the firm across the acquisition, management and disposition phases of real estate investment.

This news release, does not constitute an offer of securities, and is not for distribution or dissemination outside Canada. This offering is only made by prospectus, only to Canadian residents, and only as permitted by law. This news release contains forward-looking information, and actual future results may differ from the Corporation's objectives. The risks, uncertainties and other factors that could influence actual results are described in the prospectus, which contains important detailed information about the securities being offered, and which investors should read before making an investment decision.

SOURCE Slate Properties Inc.




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