Timbercreek to redeem all outstanding 5.45% convertible debentures

By Wendy Van Sickle

Columbus, Ohio, June 22 – Timbercreek Financial Corp. issued a notice of redemption to holders to redeem all C$46 million of its 5.45% convertible unsecured subordinated debentures due March 31, 2022, according to a news release.

Timbercreek will redeem in full all of the outstanding debentures on July 23.

The debentures will be redeemed at par plus interest of C$17.0219 per C$1,000 principal amount.

Timbercreek is a Toronto-based mortgage investment company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.