Toronto-based Slate Retail REIT said that it issued 100% of the classU trust units under its recently closed rights offering for gross proceeds of aroundUS$36.6 million.

As expected,the company issued 3,539,175 class U trust units on April 25.

Slate Retail also provided additional information about theallocation of the units under the basic subscription privilege concerning2,749,499 units, and the additional subscription privilege concerning 789,676units.

Slate Asset Management LP and its principals receivedadditional units, as planned, and now holds approximately 6.73% of theoutstanding units.