Frasers to redeem remaining series A convertible perpetual preferreds

By Marisa Wong

Madison, Wis., June 2 - Frasers Commercial Trust has called for redemption all of its outstanding series A convertible perpetual preferred units, according to a company announcement.

The convertible perpetual preferreds will be redeemed on July 1.

The number of series A preferreds currently outstanding is 178,479.

The trust is managed by Frasers Centrepoint Asset Management (Commercial) Ltd., a division of Frasers Centrepoint Ltd., which is 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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