Morguard Real Estate Investment Trust to Redeem 6.50% Convertible Unsecured Subordinated Debentures
August 15 2012 - 7:01AM
PR Newswire (Canada)
MISSISSAUGA, ON, Aug. 15, 2012 /CNW/ - Morguard Real Estate
Investment Trust (the "REIT") today announced that it will redeem
all of its outstanding 6.50% Convertible Unsecured Subordinated
Debentures (the "Debentures") on October 1, 2012 (the "Redemption
Date"). The Debentures were issued September 22, 2009 and mature on
September 30, 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 $1,000 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, August 15, 2012, to CDS & Co. ("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 high quality retail, office and
mixed-use properties in Canada with an approximate value of $2.2
billion and comprising approximately 8.5 million square feet of
leaseable space. Morguard Real Estate Investment Trust CONTACT: Mr.
K. (Rai) SahiChief Executive OfficerEmail: rsahi@morguard.com Mr.
T. J. WalkerChief Financial OfficerEmail: twalker@morguard.com
Morguard Real Estate Investment Trust55 City Centre Drive, Suite
1000Mississauga, ON L5B 1M3T: 905 281-4800F: 905-281-4818Website:
www.morguardreit.com
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