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| Home : InnVest REIT Announces Intention to Purchase Up to $28,750,000 of Its 5.75% Series G Convertible Debentures and Proposes Certain Indenture Amendments |
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Jun 17
2014 |
InnVest REIT Announces Intention to Purchase Up to $28,750,000 of Its 5.75% Series G Convertible Debentures and Proposes Certain Indenture Amendments |
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TORONTO, ONTARIO--(Marketwired - June 17, 2014) - InnVest Real Estate Investment Trust ("InnVest") (TSX:INN.UN) announced today that it intends to make an offer to purchase (the "Offer") up to $28,750,000 of the outstanding principal amount of its Series G Convertible Unsecured Subordinated Debentures (the "Debentures") at a purchase price of $1,060 for each $1,000 in principal amount of Debentures (the "Offer Price"), plus any accrued and unpaid interest thereon, and subject to proration. The Offer represents a premium of $40 to the closing price of $1,020 on the Toronto Stock Exchange ("TSX") on June 16, 2014, and a premium of approximately $44 to the volume weighted average trading price of $1,016 on the TSX for the 20 trading days ended June 16, 2014, in each case per $1,000 principal amount. |
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| Source:http://www.marketwired.com/mw/release.do?id=1921327&sourceType=3 |
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