Slate Retail REIT Announces Voting Results from 2017 Meeting of Unitholders and Election of Andrea Stephen to the Board of Trustees

TORONTO, ON--(Marketwired - June 21, 2017) - Slate Retail REIT (TSX: SRT.U) (TSX: SRT.UN) (the "REIT"), an owner and operator of U.S. grocery-anchored real estate, announced today that each of the trustee nominees listed in the management information circular of the REIT dated May 5, 2017 (the "Circular") were elected as trustees of the REIT at the annual meeting of unitholders held on June 20, 2017 (the "AGM"). Voting results for the individual trustees of the REIT are as follows:

The REIT welcomed a new addition to the Board of Trustees at the AGM. "We are very pleased to have Andrea Stephen join the Board of Trustees of Slate Retail REIT," said Greg Stevenson, Chief Executive Officer of the REIT. "Andrea's wealth of experience and proven track-record in the commercial real estate industry further strengthens our existing talent," said Tom Farley, Chairman of the Board of Trustees for the REIT.

The resolution to re-appoint Deloitte LLP as the auditors of the REIT for the ensuing year and authorizing the trustees to fix the remuneration to be paid to the auditors was approved by 99.91% of the votes.

The special resolution authorizing an amendment and restatement of the declaration of trust of the REIT was withdrawn by the REIT's Board of Trustees prior to the commencement of formal business at the AGM.

Final results on all matters voted upon at the AGM will be filed with the Canadian securities regulatory authorities and will be available on the REIT's SEDAR profile at www.sedar.com.

About Slate Retail REIT (TSX: SRT.U) (TSX: SRT.UN)
Slate Retail REIT is a real estate investment trust focused on U.S. grocery-anchored real estate. The REIT owns and operates over U.S. $1 billion of assets located across the top 50 U.S. metro markets that are visited regularly by consumers for their everyday needs. The REIT's conservative payout ratio, together with its diversified portfolio and quality tenant covenants, provides a strong basis to continue to grow unitholder distributions and the flexibility to capitalize on opportunities that drive value appreciation. Visit slateretailreit.com to learn more about the REIT.

About Slate Asset Management L.P.
Slate Asset Management L.P. is a leading real estate investment platform with over $4 billion in assets under management. Slate is a value-oriented manager and a significant sponsor of all of its private and publicly-traded investment vehicles, which are tailored to the unique goals and objectives of its investors. The firm's careful and selective investment approach creates long-term value with an emphasis on capital preservation and outsized returns. Slate is supported by exceptional people, flexible capital and a proven ability to originate and execute on a wide range of compelling investment opportunities. Visit slateam.com to learn more.