TSX:SOT.DB - Post by User
Comment by
pennydredfulon Sep 26, 2023 8:54pm
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Post# 35655988
RE:CCAA IS THE FUTIRE OF THE REIT
RE:CCAA IS THE FUTIRE OF THE REIT new=now? ar,khan ? Present actors lose control with CCAA which they won,t like. An alternative is a capital re-organization which could involve continuance as a REIT or corp. , elimination of SLAM management contract to internally managed or otherwise, conversion of all deb. debt to equity , in some cases where mortgages are undewater , conversion to equity and/or subordinated debt and/or low interest mortgages . A bleak picture would be painted for unit holders who would get a pittance , however they would be entitled to participate in a new equity raise as would other actors like bond and mortgage holders
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