Frasers redeems portion of series A convertible perpetual preferreds

By Marisa Wong

Madison, Wis., July 1 - Frasers Commercial Trust redeemed and canceled 2,172,641 of its series A convertible perpetual preferred units on July 1, according to an announcement by trust manager Frasers Centrepoint Asset Management (Commercial) Ltd.

The number of series A convertible perpetual preferreds outstanding after the redemption is 12,157,275.

Frasers Centrepoint Asset Management is a division of Frasers Centrepoint Ltd., a wholly owned subsidiary of Frasers and Neave, Ltd. and a residential property developer and retail mall owner and operator in Singapore.

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