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 > I expected

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Comment by pennylane101on Nov 08, 2024 3:33pm

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Post# 36303866

RE:RE:RE:RE:I expected

With half of the debentures converted to units, there would still be massive dilution for current unit holders. Do you have any idea what that would look like? Yes, there was a massive selloff today, but someone or a group is accumulating and the price didn't collapse as expected. Someone knows something. As long as the units hold value, the debentures are gold. As per the news release:

The REIT continues to have significant discussions with certain of its lenders to resolve current defaults and refinance the REIT’s debt to more favorable terms

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