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

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



TSX:RPR.DB - Post by User

Comment by TVRon Dec 16, 2024 10:36am
71 Views
Post# 36364068

RE:RE:RE:RE:RE:RE:RE:Par for the course...

RE:RE:RE:RE:RE:RE:RE:Par for the course...The debentures can only be converted to equity IF the debenture holdders agree to the conversion.  This will only happen if the conversion is beneficial to them.  If SOT.UN units are delisted later this month when the current extension ends and there is no possibility of trading/selling units there is little likelihod the debenture holders would agree to any debt to equity conversion if it left them with non-tradeable shares.
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