WhereDaily News: InnVest Real Estate Investment Trust Announces Early Redemption of 5.85% Convertible Debentures Due August 1, 2014
TORONTO, ONTARIO--(Marketwired - May 2, 2014) - InnVest Real Estate Investment Trust ("InnVest") (TSX:INN.UN) announced today that it will redeem all of its 5.85% Convertible Debentures scheduled to mature on August 1, 2014 (the "Debentures") on June 3, 2014 (the "Redemption Date"). On the Redemption Date, InnVest will pay to the holders of redeemed Debentures a redemption price equal to $1,019.55 for each $1,000 principal amount of Debentures, being equal to the aggregate of (i) $1,000 (the "Redemption Price"), and (ii) all accrued and unpaid interest thereon to, but excluding, the Redemption Date. The aggregate principal amount of Debentures currently outstanding is $70.0 million.