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Slate Office REIT (SOT.UN)
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Slate Office REIT 9.00% Convertible Unsecured Subordinated Debentures (SOT.DB)
Q: Hi 5i,
Just looking for your opinion on the dentures of SOT.un. This would be part of my higher risk bond portfolio. It’s a 5.25% debenture (SOT.DB) due 28/02/23 currently trading around par.
The balance sheet seems strong enough to handle the repayment in 2023. I don’t think the conversion price of $10.53 will enter into the conversation.
Any concerns and your opinion would be most helpful.
John
Just looking for your opinion on the dentures of SOT.un. This would be part of my higher risk bond portfolio. It’s a 5.25% debenture (SOT.DB) due 28/02/23 currently trading around par.
The balance sheet seems strong enough to handle the repayment in 2023. I don’t think the conversion price of $10.53 will enter into the conversation.
Any concerns and your opinion would be most helpful.
John
