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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.


TSX:SOT.DB - Post by User

Comment by pennylane101on Jul 28, 2024 9:07am
163 Views
Post# 36151579

RE:RE:RE:BOOM BREAKING NEWS SLAM ADMITS WOES

RE:RE:RE:BOOM BREAKING NEWS SLAM ADMITS WOES Let's clarify this, are we talking about CCAA or outright bankruptcy?

Armoyan's  behaviour is that of a corporate raider, not an activist investor. From the Globe and Mail article, it appears he is trying to buy Slate properties at a discount and this is how, I believe he will try to recoup his $50 million or so loss.  If he forces the company into bankruptcy, he'll be able to pick and choose properties at fire sale prices.   Hopefully the office real estate sector improves enough within the next six months for investors to recoup their losses.
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