Slate Grocery REIT T.SGR.UN

Alternate Symbol(s): SRRTF

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Slate Grocery REIT (the REIT) is a Canada-based open-ended mutual fund trust. The REIT focuses on acquiring, owning, and leasing a portfolio of grocery-anchored real estate properties (the properties) in the United States of America (the U.S.). Its objectives are to provide unitholders with stable cash distributions from a portfolio of grocery-anchored real estate properties in the United States. The REIT owns and operates real estate infrastructure across U.S. metro markets. The Company's properties include Centerplace of Greeley, River Run, Sheridan Square, Flamingo Falls, Northlake Commons, Countryside Shoppes, Creekwood Crossing, Skyview Plaza, Riverstone Plaza, Fayetteville Pavilion, Clayton Corners, Apple Blossom Corners, Hillard Rome Commons and Riverdale Shops, among others. The REIT's investment manager is Slate Asset Management (Canada) L.P.

TSX:SGR.UN - Post by User

Slate Grocery REIT

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Post by CanSiamCypon Dec 23, 2023 1:10pm

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Post# 35799184

Update of what happened to an activist investor ...

... in Slate Office .... George Armoyan ... who was leading a charge against Welch/SLAM corruption but made a fatal error in settling with them ... winning himself (and a colleague) 2 seats on the Board ... but requiring him/them to vote in support of the management team thereafter:

Courtesy of Markopolis ... an excellent forum contributor!

LOSS of $55,800,000.00 that's just on the shares not including dividends

his total investment on just the shares is $66,013,000.00

thats a total negative return 84%

And he is stuck with slam he must vote for them at next AGM as per their agreement

that's if the company is still solvent

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