SmartCentres redeems all 3.73% series M and 2.876% series Q notes

By Cady Vishniac

Detroit, Jan. 11 – SmartCentres Real Estate Investment Trust has C$150 million of its 3.73% series M debentures due July 22, 2022 and C$150 million of its 2.876% series Q debentures due March 21, 2022, according to a press release.

No more debentures in either series remain outstanding.

The series M debentures were redeemed at C$1,046.86 plus unpaid interest of C$17.679178 per C$1,000 face amount of notes, and the series Q debentures were redeemed at C$1,027.03 plus unpaid interest of C$8.824986 per C$1,000 face amount of notes.

SmartCenters is a Toronto-based real estate investment trust specializing in value-oriented retail centers, mostly anchored by Walmart stores and the company is a joint venture partner with Simon Property Group in Premium Outlets locations in Toronto and Montreal.

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