NorthWest Healthcare to redeem 5.25% convertible debentures

By Wendy Van Sickle

Columbus, Ohio, April 9 – NorthWest Healthcare Properties Real Estate Investment Trust will redeem its C$74,733,000 of series E 5.25% convertible unsecured subordinated debentures due July 31, 2021, according to a news release.

The redemption will occur on May 10. The issuer will pay par plus accrued interest up to but excluding the redemption date in cash.

The debentures have a conversion price of C$12.75 per unit, which is less than the current trading price.

Holders that wish to convert their debentures must provide written notice of conversion prior to May 7.

NorthWest Healthcare is a Toronto-based real estate investment trust that has a portfolio of international health care real estate infrastructure made up of 144 income-producing medical office buildings, clinics and hospitals in Canada, Brazil, Germany, Australia and New Zealand.

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