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 11:25am

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Post# 36306621

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

TVR wrote: If someone wanted to take SOT.UN private they would still have to deal with recapitalizing the REIT and getting the debt ratio down to a sustainable level, so the cost would be buying out the unit holders + putting in something in the order of $200 million to recapitalize.

Don't the debentures have a change of control clause? Redemption at par? Nice idea though .

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