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 > An offer from GA

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Comment by rad10on Nov 13, 2024 12:26pm

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Post# 36310535

RE:RE:RE:An offer from GA

HRc60to65 wrote: The debentures can be exchanged for preferred shares.

If the buyer has an excess oft equity over debts superior to 250M$ he has enough equity to takeover SOT without putting a penny in the transaction. 1$ per sot.un paid in the buyer shares.

How many capital restructurings / reorganizations have you been through HR?

Using this forum to discuss fantasies is all very well. Debentures have a change of control clause.

This is heading to a restructuring. After the secured lenders have been made whole, the remainder will go to debentures.

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