Bullboard - Stock Discussion Forum 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... see more

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TSX:SOT.DB - Post Discussion

Slate Office REIT 9 00 Convertible Unsecured Subordinated Debentures Exp 28 Feb 2026 > Waiting how this will unfold

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Post by canadian on Jun 27, 2024 2:41pm

Waiting how this will unfold

Used to own this and got out in Low 4. How safe are the debentures? Why each one is trading at a different price?

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Comment by pennylane101 on Jun 27, 2024 3:30pm

How safe are the debentures? It really depends on how much the properties are worth when and if the company files for bankruptcy. The secured creditors will get paid first, followed by the debenture holders and the unit holders will get whatever is left over. As for the price differential for the debentures, the 9% debentures are obviously coveted by investors --- makes ...more

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Slate Office REIT 9 00 Convertible Unsecured Subordinated Debentures Exp 28 Feb 2026