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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 HRc60to65on Dec 17, 2024 6:22pm
96 Views
Post# 36367150

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

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Par for the course...If the end is at CCAA, it will be Dec 21.

The bid for the sot.un tell me it is not the case.

During the last few days I had almost 200 000$ of debentures to hold more than 1 550 000.

The interest rate had declined, there is no reason to take new change in fair value of investment properties. 

The potential Recapitalization Plan will be done with or without lenders modifications of loans terms and conditions.  It can be in CCAA , but I think it will be out of CCAA to preserve cash and GA reputation.

With 160M$ of news equity and the conversion or the debentures it will be good for the lenders.  The Debt service coverage ratio not less than 1.25:1 can be achieved
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