Slate Grocery REIT announced that the Board of Trustees has declared a distribution for the month of October 2022 of USD 0.072 per class U unit of the REIT or USD 0.864 on an annualized basis. Holders of Class U Units may elect to receive their distribution in Canadian dollars and should contact their broker to make such an election. Holders of class A units of the REIT will receive a distribution equal to the Canadian dollar equivalent of USD 0.072 per Class A Unit, unless the unitholder has elected to receive distributions in U.S. dollars.

Holders of units of subsidiaries of the REIT that are exchangeable into Class U Units will receive a distribution of USD 0.072 per unit. If a holder of Class U Units or Class I 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 or Class I Units, as applicable, based on the U.S./Canadian dollar exchange rate at the time of payment of the distribution. Distributions on all unit classes of the REIT, and distributions on Exchangeable Units, will be payable on November 15, 2022 to unitholders of record as of the close of business on October 31, 2022.