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.

TSX:SOT.DB - Post by User

Slate Office REIT 9 00 Convertible Unsecured Subordinated Debentures Exp 28 Feb 2026 > An offer from GA

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Comment by Tree2treeon Nov 13, 2024 7:01pm

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Post# 36311408

RE:RE:An offer from GA

TVR you said "Only logical way out I can see is for somebody to get the debenture holders on side for a 100% debt to equity conversion." But then you said yourself why it's not logical - why would somebody go to the trouble and expense of buying the company, only to have it majority owned by the debenture holders? So the idea of the debentures somehow getting converted to equity still seems very unlikely to me.

If somebody out there believes that SOT is worth something close to its book value, they will find a way to buy it in a way that the value of the debentures is preserved. There are companies out there with undrawn lines of credit - that's basically all it would take.

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