Slate Grocery REIT T.SGR

Primary Symbol: T.SGR.UN Alternate Symbol(s): SRRTF

Slate Grocery REIT (the REIT) is a Canada-based open-ended mutual fund trust. The REIT focuses on acquiring, owning, and leasing a portfolio of grocery-anchored real estate properties. The REIT has a portfolio that spans 15.2 million square feet of GLA and consists of 116 critical real estate properties located in the United States of America. The REIT owns and operates real estate infrastructure across United States metro markets. The Company's properties include Centerplace of Greeley, River Run, Sheridan Square, Flamingo Falls, Northlake Commons, Countryside Shoppes, Creekwood Crossing, Skyview Plaza, Riverstone Plaza, Fayetteville Pavilion, Clayton Corners, Apple Blossom Corners, Hillard Rome Commons and Riverdale Shops, Hocking Valley Mall, North Lake Commons, Eastpointe Shopping Center, Flower Mound Crossing, North Augusta Plaza, among others. The REIT's investment manager is Slate Asset Management (Canada) L.P.

TSX:SGR.UN - Post by User

Slate Grocery REIT

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Comment by halcroon Mar 05, 2015 3:13pm

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Post# 23494767

RE:RE:San Gold Issues Invitation for Offers ! BYE BYE SHAREHOLDERS

scafrenchie wrote: What does it mean in other/simple words? Are our shareholders definitely lost?

IMO, it would be foolhardy for a bidder to bid for the company, lock, stock and barrel, at that would mean that, along with assets, they'd be picking up the liabilities. Much simpler, safer and saner to bid only on the assets which have value in the operation of the Rice Lake Mining complex (which, according to its latest September 30, 2014, financials, has been running at a loss due to the debt-financing costs and the lower price of gold). ]

The shareholders remain within the worthless assets and the liabilities held by the shell. However, shares in a non-trading company aren't of much value.

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