H&R REIT calls all C$167.68 million 6% series C convertibles

By Marisa Wong

Madison, Wis., May 24 - H&R Real Estate Investment Trust said it plans to redeem all of its outstanding 6% series C convertible debentures due June 30, 2017 on July 2.

The debentures will be redeemed at a price of C$1,000.33 per C$1,000 principal amount. The redemption amount is equal to par plus accrued interest to the redemption date.

As of May 24, the outstanding principal amount of the debentures totaled C$167,675,000.

The company said a redemption notice will be delivered to the trustee, CIBC Mellon Trust Co., on Friday.

The Toronto-based real estate investment trust issued C$175 million of the convertibles in December 2009.

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