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

RE:RBC Comments on External Management Structure

[MARKOPOLIS]

Fees are "inline" with GBV NAV.....simple response when you base a NAV on a fully occupied portfolio all awhile you have declining occupancy overleverage balance sheet with higher rates and declining earnings ....its all based on smoke and mirrors 

commercial real estate values are based on income flows ....they sell highly occupied buildinga to take fees and then tell public this supports our NAV.....Once Armoyan gets board seats and detremines NAv WAS OVERLY STATED he can simply suggest fraud and boot these clowns out

Private equity which SLAM is uses this ridiculous "mark to model: BS valuations ...raising debt equity high interest environment at the end of a credit cycle to extract fees to fund your developmwnt projects is garbage

THESE SELL SIDE ANALYSTS ARE USELESS (IE BANKS) THEY MAKE MONEY ON THE OFFERINGS LOOK AT THEM ALL DURING THE LAST RAISE IN JAN 2022 THEY MADE A KILLING CHECK THE FINANCIALS OF SLATE OFFICE

FRIENDLY REMINDER SLAM HAS CHARGE THE REIT $117,000.000 OVER 10 YEASR THIS WAY ABOVE ANY OTHER EXTERNAL MANAGER....ITS 30% OF OUR CURRENT MARKET CAP

AS I HAVE SAID THEIR FEES ACCOUNT FOR .18 SHARE ANNUALLY WIPE THEM OFF THE MAP THEY WONT WORK WITH ARMOYAN AND PUT IT UP FOR SALE LETS SEE IF THE NAV NEARLY GETS OFFERED....YEAH I KNOW ITS A JOKE