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

Real Estate REIT - Diversified

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 > Can anyone shed any light on this

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Comment by TVRon Aug 11, 2024 10:48pm

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Post# 36173827

RE:RE:RE:RE:RE:RE:Can anyone shed any light on this

When the Irish Property package acquistion from Yew Grove was announced in 2021 the REIT raised $130 million from a combined share and convertible debenture offering to fund the $255 purchase so it looks like the term loan may be the only financial liability against the Irish Portfolio, unless it has been subsequently pledged as security elsewhere. If this is the case a sale of the irish portfolio may well be a good option to raise substabtial cash and get rid of a high interst loan.

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