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 > sot_-_q3_2024_financial_statements_vsedar Note 28

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Comment by rad10on Nov 11, 2024 8:47am

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Post# 36306286

RE:RE:RE:RE:sot_-_q3_2024_financial_statements_vsedar Note 28

Tree2tree wrote:
Interesting discussion here. Yes, SOT is generating a bit of cash - but not enough to pay down debt significantly. Whether or not a bankruptcy happens, the lenders are in a position to dismember the company in a way that is not favourable to common share or debenture holders. Higher occupancy would help a lot, but is not likely to happen immediately. So new financing seems like the best way to preserve some value above what is owed to the lenders. Also not ruling out a takeover, as previously discussed.

Tree2tree having an epiphany......

Whatever next?

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