Slate U.S. Opportunity (No. 3) Realty Trust will be merged into Slate Retail REIT

It is proposed that Slate U.S. Opportunity (No. 3) Realty Trust ("SUSO 3") be merged into Slate Retail REIT using the standard s. 132.2 merger mechanics. They have the same manager and focus on the same type of US real estate.

Somewhat unusually, the number of Slate REIT units to be received by SUSO 3 unitholders will be subject to a working capital adjustment to be determined immediately before the merger. The merger is not occurring pursuant to a plan of arrangement (which in most other merger contexts is required in order to avoid the need to file a US registration statement) – perhaps because the units of SUSO 3 are unlisted.

Neal Armstrong. Summary of Slate U.S. Opportunity (No. 3) Realty Trust under Mergers & Acquisitions – REIT/Income Fund/LP Acquisitions – Section 132.2 Mergers – REIT Mergers.