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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

Comment by rad10on Nov 14, 2024 4:59am
69 Views
Post# 36312084

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

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

Tree2tree wrote:
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.

 

good digging?????  You bought debentures without even looking at the indenture?  You just blindly buy busted converts without knowing anything about them?

Tree2tree......  what due diligence do you actually undertake?  You pontificate nonsense on this forum, and bash the views of others - yet you have done minimal homework.

Is "Art of the Deal" the limit of your investment research?

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