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Bullboard - Stock Discussion Forum Ravelin Properties REIT 9 00 Convertible Unsecured Subordinated Debentures Exp 28 Feb 2026 T.RPR.DB

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

Bullboard (TSX:RPR.DB)

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Comment by rad10on Nov 19, 2024 11:14am

RE:RE:article of Slate Office

obviously posters like T2T and HR know considerably more about the value of the underlying assets compared to the Welch brothers though. What would team Welch know about these assets anyway...... ...more  
Comment by rad10on Nov 19, 2024 11:10am

RE:article of Slate Office

The fog of war is slowly lifting.  Armoyan is driving the bus now.  I thought there was an outside possibility of team Welch bidding for the REIT and taking it private.
Post by MARKOPOLISon Nov 19, 2024 7:14am

article of Slate Office

Slate Office REIT reported a $182-million net loss in Q3 of 2024, mainly due to a $174-million fair value loss on its assets which was recorded in the quarter. The trust has divested about $103 ...more  
Comment by TVRon Nov 18, 2024 5:24pm

RE:Any idea what

Pretty sure the referenced "new strategic direction" does not involve conversion of office buildings to residential for the simple reason the REIT does not have the financial resources to ...more  
Post by divime1on Nov 18, 2024 4:19pm

Any idea what

 this means ?  " it has become clear that a successful turnaround requires a new strategic direction. " Does it mean they will convert some office buildings to apartments ? The ...more  
Comment by TVRon Nov 18, 2024 12:19pm

RE:RE:RE:RE:RE:RE:For your interest

While SOT.UN has significant financial issues that have to be addressed I was not aware of any information to suggest any of the mortgages were in arrears.  As far as I know the debt covenant ...more  
Comment by Tree2treeon Nov 18, 2024 11:08am

RE:RE:RE:RE:RE:RE:For your interest

I think a "power of sale" normally has to be made public so anybody can bid on it and get the highest price.  More likely, mortgage holders may be applying pressure on SOT in different ...more  
Comment by pennydredfulon Nov 18, 2024 11:03am

RE:RE:RE:RE:RE:For your interest

It could  be  that  the mortgage  holders  sold  the property  acting  under  a   "power  of  sale"   re  the ...more  
Comment by Tree2treeon Nov 18, 2024 10:35am

RE:There still may be hope .

Of course we don't know what's happening behind the scenes, but this sounds like a company that is ready for a turnaround, not bankruptcy.
Post by divime1on Nov 18, 2024 9:11am

There still may be hope .

Slate Office REIT Announces Changes to Board of Trustees Canada NewsWire TORONTO, Nov. 18, 2024 TORONTO,@Nov. 18, 2024@/CNW/ - Slate Office REIT (TSX: SOT.UN) (the @REIT@), an owner and operator ...more  
Comment by Tree2treeon Nov 18, 2024 9:07am

RE:RE:RE:RE:They may want to slim down as much as possible

My understanding:   - A buyout of the company as a whole (leaving debentures intact) would only require a vote of common shareholders.   - A highly dilutive financing by issuing new common ...more  
Comment by pennylane101on Nov 17, 2024 8:04pm

RE:RE:RE:They may want to slim down as much as possible

Hey Tree, I absolutely agree. Why then would bond holders and unit holders have to buy into it?   Here is PennyD's statement:  "Prior   to  the    ...more  
Comment by Tree2treeon Nov 17, 2024 7:43pm

RE:RE:They may want to slim down as much as possible

Not sure why anybody would 'take a hit', if the slimming down involves reducing assets and debts in roughly the same proportions.  Yes it would reduce the overall size of the company, and ...more  
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