Slate Grocery REIT Provides Capital Allocation Update in Connection with Ongoing Strategic Review Process

Slate Grocery REIT Provides Capital Allocation Update in Connection with Ongoing Strategic Review Process

TORONTO–(BUSINESS WIRE)–Slate Grocery REIT (TSX: SGR.U) (TSX: SGR.UN) (the “REIT”) announced today that the Board of Trustees (the “Board”), upon the recommendation of its independent Special Committee (the “Special Committee”), has approved the suspension of monthly cash distributions to enhance the REIT’s financial and strategic flexibility, pending the outcome of the Special Committee’s previously announced review and evaluation of strategic alternatives. As previously announced, the Speci