Commonwealth issues clean-up call for remaining 5.25% convertibles

By Tali Rackner

Norfolk, Va., April 7 - Commonwealth Managed Investments Ltd. issued a clean-up call for all A$431,000 of its remaining 5.25% convertible notes due 2016, according to a notice.

Of the A$9,206,000 outstanding under the convertibles, the company recently received conversion requests for a total of A$8,775,000.

The remaining amount will be redeemed on May 6 at par plus accrued interest for a total of about A$1,021.15 per A$1,000 principal amount.

Noteholders still have until April 23 to convert their notes.

The Bank of New York Mellon is the trustee.

Commonwealth Managed Investments is the responsible entity of Commonwealth Property Office Fund, an office sector real estate investment trust based in Sydney, Australia.

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