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 > Now that Armoyan has control I will evaluate his performance

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Comment by rad10on Dec 02, 2024 5:39am

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Post# 36340110

RE:RE:RE:RE:RE:Now that Armoyan has control I will evaluate his performance

Tree2tree wrote:
HR, if SOT's assets are a bargain, then a competent entity can make an offer for the common shares and have them all. Or they can provide capital in return for a large number of common shares and become the majority owner. All with the debentures remaining intact. But if the acquirer also buys some debentures from willing sellers, it might make it an even better bargain from them. GA is in control, so I think he will come up with a plan that does not involve bankruptcy, so that he remains in control.

GA is in control, and he will look after GA and G2S2.

Try to align yourself with what he is doing, and you may come out ahead.

A formal CCAA restructuring is one of several options available to him.

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