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


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

Real Estate REIT - Diversified


TSX:RPR.DB - Post by User

Ravelin Properties REIT 9 00 Convertible Unsecured Subordinated Debentures Exp 28 Feb 2026 > News Release...
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Comment by TVRon Dec 27, 2024 3:42pm
132 Views
Post# 36378817

RE:RE:News Release...

RE:RE:News Release...Amazed the unit price went up 50% today on fairly high volume, presumably a response to the Dec 24 press release which really announced nothing significant.  Name change is irrelevant, other than removing any stigma of being associated with Slate, and the 3 month acceleration in internalising management  does nothing to change the financial poisition.  December 31 debenture interest cannot be paid, even if they wanted to, until the covenant defaults have been removed.  The additional unpaid interest will add another $10 million to the REIT's debt position.

Unless there is more news that has not been released yet, but somebody knows?
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