InnVest Real Estate Investment Trust Announces Completion of Early Redemption of Series D-6.75% Convertible Debentures
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 03/03/15 -- InnVest Real Estate Investment Trust ("InnVest") (TSX: INN.UN) announced today that it completed the early redemption and cancellation of the 6.75% Convertible Debentures, Series D (scheduled to mature on March 31, 2016) (the "Debentures") on March 3, 2015 (the "Redemption Date").
Subsequent to the initial announcement of the early redemption, $32.7 million principal amount of the Debentures converted into 5,739,465 units of InnVest (conversion price of $5.70 per unit). The remaining $3.6 million Debentures were redeemed and cancelled at a price equal to approximately $1,028.47 for each $1,000 principal amount of Debentures, being equal to the aggregate of (i) $1,000, and (ii) all accrued and unpaid interest thereon to, but excluding, the Redemption Date.
INNVEST PROFILE
InnVest is an unincorporated open-ended real estate investment trust which owns a portfolio of 110 hotels across Canada representing over 14,000 guest rooms operated under internationally recognized brands. InnVest also holds a 50% interest in Choice Hotels Canada Inc., one of the largest franchisors of hotels in Canada.
InnVest''s units and convertible debentures trade on the Toronto Stock Exchange (the "TSX") under the symbols INN.UN, INN.DB.E, INN.DB.F and INN.DB.G.
Contacts:
InnVest Real Estate Investment Trust
Chantal Nappert
Vice President, Finance and Investor Relations
(905) 624-7806
(905) 206-7114 (FAX)
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 03.03.2015 - 15:30 Uhr
Sprache: Deutsch
News-ID 1341614
Anzahl Zeichen: 0
contact information:
Contact person:
Town:
TORONTO, ONTARIO
Phone:
Kategorie:
Commercial Real Estate
Anmerkungen:
Diese Pressemitteilung wurde bisher 318 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"InnVest Real Estate Investment Trust Announces Completion of Early Redemption of Series D-6.75% Convertible Debentures
"
steht unter der journalistisch-redaktionellen Verantwortung von
InnVest Real Estate Investment Trust (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
