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Ravelin Properties REIT 9 00 Convertible Unsecured Subordinated Debentures Exp 28 Feb 2026 T.RPR.UN


Primary Symbol: T.RPR.DB Alternate Symbol(s):  SLTTF | T.RPR.DB.A | T.RPR.DB.B

Real Estate REIT - Diversified


TSX:RPR.DB - Post by User

Ravelin Properties REIT 9 00 Convertible Unsecured Subordinated Debentures Exp 28 Feb 2026 > They may want to slim down as much as possible
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Comment by Tree2treeon Nov 18, 2024 9:07am
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Post# 36317725

RE:RE:RE:RE:They may want to slim down as much as possible

RE:RE:RE:RE:They may want to slim down as much as possible
My understanding:
 
- A buyout of the company as a whole (leaving debentures intact) would only require a vote of common shareholders.
 
- A highly dilutive financing by issuing new common shares might require a vote of common shareholers.
 
- A vote of debenture holders would be required in any arrangement where the conditions of the debentures are modified (eg including partial conversion to commons; waiver of change of control provisions etc).
 
- No vote of shareholders would be needed for a pure debt financing (which seems unlikely).

  Please correct me if I got anything wrong.
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