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First Capital Realty to redeem all 5.25%, 5.4% convertibles due 2019
By Wendy Van Sickle
Columbus, Ohio, Dec. 22 – First Capital Realty Inc. called all C$54,666,000 of its 5.4% convertible unsecured debentures and all C$51,584,000 of its 5.25% convertible unsecured debentures, both due Jan. 31, 2019, according to a press release.
The debentures will be redeemed on Jan. 31 at par plus accrued interest from Sept. 30 to but excluding the redemption date, for a total interest payment of about C$1,907,000.
The record date will be 5 p.m. ET on Jan. 30. Holders are entitled to convert their debentures at their respective current conversion up until that time.
Toronto-based First Capital owns and develops supermarket-anchored community shopping centers.
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