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FirstService redeems all $77 million of 6.5% convertibles
By Tali David
Minneapolis, Sept. 25 - FirstService Corp. redeemed its $77 million of 6.5% convertible unsecured subordinated debentures, according to a news release.
Leading up to the redemption, FirstService received conversion requests from substantially all holders of the debentures, which resulted in the issuance of 2.74 million subordinated voting shares.
Toronto-based FirstService is a global property manager for residential and commercial properties.
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