H&R REIT announces call of all 6.65% and 6.75% convertible debentures

By Ashley Montgomery

Kansas City, Kan., May 30 - H&R Real Estate Investment Trust plans to redeem all of its outstanding 6.65% convertible subordinated debentures due June 30, 2013 and all of its outstanding 6.75% series B convertible subordinated debentures due Dec. 31, 2014, according to a news release.

The C$114,795,000 of 6.65% convertibles will be redeemed July 3, and the C$21,639,500 of 6.75% convertibles will be redeemed July 31.

Both redemptions will be at par plus accrued interest up to the redemption date.

The company said the regular interest payments due for both series on June 30 will be paid as scheduled.

CIBC Mellon Trust Co. is the trustee.

H&R is a Toronto-based REIT that owns office, industrial and retail properties in North America.

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