WhereDaily News: InnVest REIT Announces Intention to Enhance and Extend Its Offer to Acquire up to $28,750,000 of Its 5.75% Series G Convertible Debentures and to Enhance Proposed Series G Indenture Amendments
TORONTO, ONTARIO--(Marketwired - July 14, 2014) - InnVest Real Estate Investment Trust ("InnVest") (TSX:INN.UN) announced today that it intends to increase the purchase price under its existing offer to purchase up to $28,750,000 of the outstanding principal amount of its Series G Convertible Unsecured Subordinated Debentures (the "Debentures") from $1,060 to $1,080 (the "Increased Offer Price") for each $1,000 in principal amount (the "Offer"), and proposes to amend the conversion price for each InnVest unit to be issued upon the conversion of one Series G Debenture under the trust indenture governing the Debentures to $7.50 rather than the $8.00 originally proposed (the "Indenture Amendments").