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 > Market cap still only $50 million

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Post by Tree2treeon Oct 03, 2024 9:56am

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Post# 36251481

Market cap still only $50 million

Huge upside for the common shares, and risk fading day by day.

The debentures on the other hand could be ready for a quick pop. It will only take one substantive news release (by new management!) to demonstrate that valuations have not encroached on the face value of the debentures.

Concerning some of the speculation going on, it wouldn't surprise me if the Welches actually facilitated the drop in share values in order to carry our their plan to take over the company for free. But now that is not going to happen.

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