Slate Office REIT 9 00 Convertible Unsecured Subordinated Debentures Exp 28 Feb 2026 T.SOT.DB.B

Primary Symbol: T.SOT.DB Alternate Symbol(s): SLTTF | T.SOT.UN | T.SOT.DB.A

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 > Slate Office

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Comment by rad10on Sep 20, 2024 7:16am

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Post# 36232584

RE:RE:RE:RE:RE:Slate Office

HRc60to65 wrote: Robert Armstrong, Interim Chief Financial Officer Relative to IFRS, the sales are decently inside, probably on average 30%, 40%, below just given where the market is. I think some of those decisions we made and the Board made in order to dispose of those are for realizing proceeds to repay debt, which we have done.
As part of your first question, as it relates to debt, all the net proceeds have been used to repay debt from those sales.

Sairam Srinivas, Cormark Securities Would you say it is 30% to 40% of the IFRS value?

Robert Armstrong, Interim Chief Financial Officer In some cases, 30% below is a good number.

I didn't hear "below" in the last sentence. If they are selling at 30% of IFRS - kiss those debs goodbye. Fingers crossed.

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