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

Alternate Symbol(s):  SLTTF | T.SOT.DB.A | T.SOT.DB.B | T.SOT.UN

Slate Office REIT (the REIT) is a Canada-based global owner and operator of workplace real estate. The REIT is an unincorporated, open-ended real estate investment trust. The REIT owns interests in and operates a portfolio of real estate assets in North America and Europe. The REIT's portfolio is primarily comprised of government and credit tenants. The REIT's portfolio consists of approximately 54 commercial properties located in Canada, the United States and Ireland. The REIT's Canada operations include Atlantic, Ontario and Western. The REIT is externally managed and operated by Slate Management ULC.


TSX:SOT.DB - Post by User

Post by Princeps979on Apr 19, 2018 10:06am
163 Views
Post# 27910373

Key points going forward

Key points going forward 1) 7.69 is the 200 DMA if it can close above it on good volume is bullish
2) additonal dilution of shares is set to expire on april 30 ( if the price was greater than $8.10 the financing indicated they could get another alotment of shares ) this isnt happening 
3) Welch brothers who started Slate still own 20% and currently run Slate properties
4) no rate hike which helps costs re; floating rate debt
5) all distributions 100%  are return of capital so it doesnt matter if you hold inside or outside of registered account tax preferential treatment

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