Morguard Reit to redeem 6.50 per cent convertible unsecured subordinated debentures
Morguard Real Estate Investment Trust will redeem all of its outstanding 6.50 per cent convertible unsecured subordinated debentures on 1 October 2012.
The debentures were issued on 22 September 2009 and mature on 30 September 2014.
The redemption price has been determined in accordance with the provisions of the trust indenture and the supplemental indenture related to the debentures. The redemption price will be paid in cash and is USD1,000 per debenture together with accrued and unpaid interest on the debentures up to, but not including the redemption date.
Notice of redemption has been delivered today to CDS and the trustee, Computershare Trust Company of Canada.
Non-registered holders (banks, brokerage firms or other financial institutions) who maintain their interests in the debentures through CDS should contact their CDS customer service representative with any questions about the redemption. Alternatively, beneficial holders with any questions about the redemption should contact their respective brokerage firm or financial institution, which holds interests in the debentures through CDS on their behalf.
Morguard Reit is a closed-end real estate investment trust, which owns a diversified portfolio of 53 retail, office and mixed-use properties in Canada with an approximate value of USD2.2bn and comprising approximately 8.5 million square feet of leaseable space.
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