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.

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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 Tree2treeon Nov 11, 2024 11:11am

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Post# 36306593

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

If the buyer is a bigger REIT with some working capital surplus, they could just make a bid for the common shares and roll all of SOT's assets and debts into their REIT. Or possibly raise a modest amount of capital based on their existing financial strength. They can also take their time to selectively dispose of assets that are not core to their strategy. Getting swallowed by a bigger REIT means that SOT's management structure disappears, operating costs go way down and profitability goes up.

I think this is an option that SOT is keeping in their back pocket. But their first choice is likely a financing that allows GA and other major shareholders to have a crack at winning back their lost money.

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