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

Slate Office REIT 9 00 Convertible Unsecured Subordinated Debentures Exp 28 Feb 2026 > Held for sale

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Comment by Tree2treeon Oct 05, 2024 3:39pm

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Post# 36254678

RE:RE:RE:RE:RE:RE:Held for sale

HR, the fact that proposed sales have not gone through suggests that somebody (probably GA) has been pushing back against desperation sales. We are still alive, so the potential sale prices and the range of sale options are getting better day by day.

One thing we should not rule out is that GA will bring in cash in the form of equity, thereby increasing his holding. That could potentially limit the upside of the common shares, but it would be awesome for the debentures. For a few reasons, I still feel the debentures are a better bet overall. Probably a lot of the new investors jumping in to the common shares have not yet taken the time to understand the value of the debentures.

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