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First Capital Realty calls C$55 million 4.45% convertibles due 2020
By Susanna Moon
Chicago, Jan. 25 – First Capital Realty Inc. said it issued a redemption notice for its C$55,093,000 principal amount of 4.45% convertible unsecured subordinated debentures due Feb. 28, 2020.
The convertibles will be redeemed on Feb. 28 at par plus accrued interest to but excluding the redemption date, according to a company press release.
Holders must be of record as of 5 p.m. ET on Feb. 27.
The aggregate interest payment is expected to be about C$1,008,000.
The notes also are convertible until 5 p.m. ET on Feb. 27.
The company’s stock (Toronto: FCR) closed at $20.94 on Jan. 24.
First Capital Realty is a Toronto-based company that owns, develops and manages grocery-anchored urban properties
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