WhereDaily News: InnVest Real Estate Investment Trust Announces Completion of Early Redemption of Series D-6.75% Convertible Debentures

TORONTO, ONTARIO--(Marketwired - March 3, 2015) - 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.

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