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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

Comment by Tree2treeon Nov 13, 2024 6:54pm
53 Views
Post# 36311391

RE:RE:RE:RE:RE:An offer from GA

RE:RE:RE:RE:RE:An offer from GA
Good digging Penny.  This appears to be for some other debentures, not our listed debentures.  Chances are there is similar language for all the debentures - I will check SEDAR when I get a chance.  This clause would make the debentures even stronger than I thought.  It also makes a takeover more challenging - the buyer will have to line up alternative financing to pay off any debentures they don't own.  But by doing that they will also bring the overall debt into line - so two birds with one stone so to speak.  If some entity is planning a takeover, they could be buying debentures on the market to reduce their overall cost of acquisition.
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