First Capital calls C$44.14 million of series E debentures due 2014

By Ashley Montgomery

Kansas City, Kan., Nov. 29 - First Capital Realty Inc. plans to redeem C$44,135,000 of its 5.36% series E senior unsecured debentures due Jan. 31, 2014, according to a news release.

The debentures will be redeemed on Dec. 31 at C$1,042.69 per C$1,000 principal amount. The price will also include accrued interest up to the redemption date.

The company said the debentures would be redeemed on a pro rata basis so that each holder will have 45% of its debentures redeemed.

Following the redemption, C$53,943,000 of the debentures will remain outstanding.

First Capital is a Toronto-based owner, developer and operator of supermarket and drugstore anchored neighborhood and community shopping centers.

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