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 > Slate Office and GA Options

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Comment by pennylane101on Oct 30, 2024 11:47am

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RE:RE:Slate Office and GA Options

Converting the debentures to units would also not be favourable to Armoyan because his shares would be virtually worthless and he would lose his sizeable interest in the company. If he or other investors inject money into the company, maybe preferred shares could be issued in exchange? Is this even possible with a Reit? I don't know. Probably the best course of action for everyone involved is to allow the company to recover and get back to business. Although the $158 million default is still the elephant in the room.

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