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

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

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

Comment by CanSiamCypon Nov 05, 2022 12:51pm
154 Views
Post# 35075748

RE:RE:LOOKS LIKE I WAS CORRECT COO LINDSEY STILES TERMINATED

RE:RE:LOOKS LIKE I WAS CORRECT COO LINDSEY STILES TERMINATEDYou are right Detail .... SOT.un management is running scared, and they are pivoting to a more "investor friendly" approach ... if they are, in fact, to be taken at their word! Will this late-in-the-day cosmetic change work ... by convincing enough unitholders to vote with management when the critical day arrives? Given that 40%+ of unitholders voted against the current Board in early 2022 ... when there was no concerted opposition to them .... I sincerely doubt that management can pull the wool over the eyes of a majority of unitholders.

What we are seeing unfolding before us in SOT.un is analagous to the "dead man walking" phenomenon happening in federal politics. After Pierre P. was elected and in place as Opposition Leader, it did not take Team Turdo long to realize they had to start addressing major concerns of the voting populace ... addressing inflation and cancelling vaccine mandates, the ArriveCan app, etc., etc.

Detailoriented1 wrote:
If flat for Q4 but headed up in Q1 that is good. Looks like a new approach that may result in greater Occupancy over the next few quarters. Management still deserves to be voted out and replaces with Armoyan slate but at least they are finally doing some things that are favorable for us while they panic to try to save themselves. Also nice to see an up day Friday with several large buy blocks just below bid. If they show up on Monday again, thay gives us strong support to move higher.


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