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

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

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.

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Slate Office REIT 9 00 Convertible Unsecured Subordinated Debentures Exp 28 Feb 2026

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Comment by Zosimaon Aug 13, 2014 1:40pm

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Post# 22837492

RE:RE:Very bad deal for F.UN

The office property purchase is subject to a shareholder vote. Shareholders should REJECT this deal. Buying properties at a 6.8% cap rate is dilutive for FAM. Also, the REIT loses one of the key strengths since its IPO - its strong balance sheet. Finally, Slate gets 48% of FAM, effectively control of the REIT for no takeover premium.

Clearly this transaction is being done purely to facilitate the sale of HNT. FAM holders should vote against, force them to put the REIT up for sale to maximize value.

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