Slate Office REIT 9 00 Convertible Unsecured Subordinated Debentures Exp 28 Feb 2026 T.SOT.DB.B

Primary Symbol: T.SOT.DB Alternate Symbol(s): SLTTF | T.SOT.UN | T.SOT.DB.A

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

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Post by InvestSmarteron Nov 09, 2024 11:41am

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Post# 36304658

Dilution?

Sounds like common unitholders will be wiped out in this restructuring, as debt gets closer
to 100% of assets. Possible dilution of unitholders along with a 10:1 reverse split?

With debt so high, I don't expect anyone will come bail out SOT. There does not appear to be any equity left worth to investors.

Sad.

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