First Capital Realty calls 4.75% convertible debentures due 2019

New York, June 23 – First Capital Realty Inc. announced that it will redeem its 4.75% convertible unsecured subordinated debentures due July 31, 2019 on Aug. 1.

Holders will receive par plus accrued interest up to but excluding the redemption date, according to a news release.

First Capital will pay the principal amount and interest in cash.

As of June 23, the company had C$51,189,000 of the debentures outstanding.

The debentures can be converted into stock up to 5 p.m. ET on July 31.

First Capital Realty is a Toronto-based owner, developer and manager of grocery-anchored, retail-focused urban properties.

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