Morguard REIT calls 4.65% convertible subordinated debentures at par

By Sarah Lizee

Olympia, Wash., Jan. 24 – Morguard North American REIT will redeem all of its outstanding 4.65% convertible unsecured subordinated debentures due March 30, 2018 on Feb. 26, according to a Wednesday press release.

The redemption price will be paid in cash at C$1,000 per debenture together with accrued interest up to but excluding the redemption date.

The debentures were issued on March 15, 2013.

Morguard is a real estate investment company based in Mississauga, Ont.

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