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

Bullboard Posts

Comment by Roxy27on Jun 07, 2016 12:18pm

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Post# 24942016

RE:RE:RE:Buying back on this Financing at $7.85

Kika001, it is normal for the SP to trade down to the new issues price. Pure industrial for example is trading below their new issue price. The Slate equity raise is $50 million which is over 20% of the current market cap and is large compared to typical trading volume That's a lot of new shares and some of the participants in the new raise will sell existing shares to free up room.
Slate has also had a strong run-up these past few months so hasn't established a strong sp trading level.
This is a large acquisition and will move the needle on forward AFFO targets. I expect analysts to revise their SP targets upwards as a result.

Good luck.

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