Bullboard - Stock Discussion Forum 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... see more

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Slate Office REIT 9 00 Convertible Unsecured Subordinated Debentures Exp 28 Feb 2026 > SLATE HAS DEBT BASED ON CDOR RATES

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Post by MARKOPOLIS on Jun 22, 2023 3:30pm

SLATE HAS DEBT BASED ON CDOR RATES

As you can see the CDOR is rocketing higher as they need to renew they may have to cut dividend to zero

CDOR

	21 Jun 2023	20 Jun 2023	19 May 2023	21 Jun 2022
1 Month	5.19500%	5.18750%	4.94750%	2.02250%
2 Month	5.26500%	5.25500%	4.97750%	2.29500%
3 Month	5.33750%	5.32500%	5.03750%	2.53250%

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Comment by pennydredful on Jun 22, 2023 3:37pm

THey should have cut to zero in the first place. In the eyes of creditors paying out any money looks bad given the circumstances. I am not sure but ...more

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