Extendicare REIT acquires C$1.3 million 7.25% convertibles in 2009

By Jennifer Chiou

New York, Feb. 19 - Extendicare Real Estate Investment Trust said it has acquired for cancellation C$1.3 million of its 7.25% convertible unsecured subordinated debentures due 2013 in the year to date at a cost of C$900,000.

Extendicare previously said it initiated a new normal course issuer bid in December for its REIT units and convertibles. To date in 2009, it has also acquired 880,500 units at an average unit price of C$6.01.

Markham, Ont.-based Extendicare is a provider of long-term care and related services.

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