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 > SOT

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Comment by toddkazon Oct 06, 2024 2:02pm

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Post# 36255201

RE:RE:RE:RE:SOT

Agreed, no way they do a rights offering.

George Amoyan would get diluted to oblivion so why would he do that?
BV is around 4 dollars a share and share price is .75-.80 cents.
Rights offering would bring both BV and Share Price down
New shares would also be a burden for when the dividend comes back

Only a few solutions

Get tenants into empty spaces
Buyout offer
Sell pieces off to pay debt

There is not much else they can do

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