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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 Tree2treeon Dec 18, 2024 11:42am
63 Views
Post# 36368132

RE: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:RE:Par for the course...HR my pockets are not as deep as yours, but I am still buying.
 
As you have pointed out, the vast majority of debenture holders are holding and not selling into the market.  So if it comes to a vote of debenture holders, most of those voting will be investors who purchased at or near face value.  Some who bought under $50 might be happy with whatever they can get above their purchase price, but they are a small minority.
 
At this point I still consider that no news is good news.  We know they are working on a deal, and we know that GA has the funds to make a reasonable deal without trying to steal the assets.  If nobody else is interested, then GA will be the new majority owner.

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