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InnVest REIT to redeem C$70 million 5.85% convertible notes due 2014
By Susanna Moon
Chicago, May 2 - InnVest Real Estate Investment Trust said it will redeem all of its C$70 million of outstanding 5.85% convertible debentures due Aug. 1, 2014.
The company will redeem the convertibles at $1,019.55 for each $1,000 principal amount of notes plus accrued interest to but excluding the redemption date of June 3, according to a press release.
InnVest is a Toronto-based holder of hotel real estate.
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