Slate Retail REIT Announces Distribution for the Period from April 15, 2014 to May 31, 2014

TORONTO, April 29, 2014

Holders of Class U Units may elect to receive their distribution in Canadian dollars and should contact their broker to make such an election. If a holder of Class U Units elects to receive distributions in Canadian dollars, the holder will receive the Canadian dollar equivalent amount of the distribution being paid on the Class U Units based on the U.S./Canadian dollar exchange rate at the time of payment of the distribution.

Holders of class A units of the REIT ("Class A Units") will receive a distribution equal to the Canadian dollar equivalent (based on the U.S./Canadian dollar exchange rate at the time of payment of the distribution) of US$0.090702 per Class A Unit and holders of class I units of the REIT ("Class I Units") will receive a distribution equal to US$0.094986 per Class I Unit.  Distributions on the Class A Units and Class I Units will be payable on June 16, 2014 to unitholders of record as of the close of business on May 30, 2014.

ABOUT SLATE RETAIL REIT

Slate Retail REIT is an open-ended real estate investment trust and a pure-play in U.S. grocery-anchored real estate. The REIT's portfolio includes 29 properties across 14 states with name brand tenants that occupy approximately 70% of gross leasable area. The REIT's manager, Toronto-based Slate Properties Inc., has an experienced and dedicated team of real estate professionals with a proven track record of success in U.S. grocery-anchored real estate. The Slate team has established a significant presence in key target markets, predominantly within the top 50 U.S. metro areas, and has the resources in place to quickly capitalize on opportunities for accretive growth.

SOURCE Slate Retail REIT