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.

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Slate Office 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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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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