Huntingdon REIT calls C$10 million of 7.5% convertibles due 2012

By Toni Weeks

San Diego, April 15 - Huntingdon Real Estate Investment Trust has issued a call to redeem up to C$10 million of its C$48,016,000 of 7.5% series C convertible redeemable debentures due March 31, 2012, according to an announcement.

On May 16, the company will redeem about 21% of the outstanding principal amount of convertibles.

The redemption price will be par plus accrued interest, for a total payment of C$1,009.45 per C$1,000 principal amount of convertibles.

Huntingdon will use available funds for the redemption.

The debentures to be redeemed will be selected by the trustee on a pro rata basis.

Huntingdon is a Winnipeg, Man., REIT focused on commercial and industrial properties.

© 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.