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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 CanSiamCypon Apr 21, 2023 9:19pm
244 Views
Post# 35408350

Is anyone knowledgeable about the regulations ...

Is anyone knowledgeable about the regulations ....... concerning limits on ownership in publically traded entities?

Previously, bloggers on this site have stated categorically that Armoyan and G2S2 could go no higher than 20% ownership of SOT.un without having to launch a formal take-over bid.

However, from what Markopolis just posted, G2S2 owns >75% of the Clarke company and are able to stipulate:

In making the Acquisition, G2S2 relied on the exemption from the requirements in securities legislation applicable to formal bids in Section 4.1 of National Instrument 62-104 Take-Over Bids and Issuer Bids
.

So is there anything restricting G2S2 from buying more units of SOT.un on the open market?


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