Slate Office REIT 9 00 Convertible Unsecured Subordinated Debentures Exp 28 Feb 2026 T.SOT.DB.A

RE:RE:RE:Offering is $4.90 but trading for $5+

[Altman1979]

Hi Guys, RBC's SELL-side analysts are seperate from the investment bank. No relation due to securities regulations. Perhaps this is the reason they went with RBC (there is no SELL recommendation fro mthe sell-side!) There are no BUY recommendations from any research house on this name. They went with the big guys at RBC. It was a BOIUGHT deal, meaning that SOT already received the proceeds, and now it's up to RBC to divy it up among investors wantign a slice of the pie. SOT is definitely a contrarian call on the office market. I have a meaningful holding in this name and my thesis is that many can withstand an 8% drop in stock price (which would bring them to breakeven at year end due to the 8% divy) in order to have a "call option" on the office market. Diversification is always good, and I believ ethey were telegraphing expansion into EU in their latest earnings release.