Amica Mature Lifestyle calls all C$15.14 million 8.25% convertibles

By Caroline Salls

Pittsburgh, Nov. 29 - Amica Mature Lifestyles Inc. will redeem all C$15.14 million outstanding of its 8.25% convertible unsecured subordinated debentures due May 31, 2006 at par plus accrued interest, according to a company news release.

The redemption date is Dec. 31.

The company will use second mortgage financing on three of its 100% owned properties and cash on hand to fund the redemption, the release said.

Amica Mature Lifestyles is a Vancouver-based provider of seniors' services and luxury accommodations.

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