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NorthWest Healthcare to redeem 5.25% convertible debentures
By Wendy Van Sickle
Columbus, Ohio, Oct. 25 – NorthWest Healthcare Properties Real Estate Investment Trust will redeem its C$78,824,000 of series F 5.25% convertible unsecured subordinated debentures due Dec. 31, according to a news release.
The redemption will occur on Nov. 25. 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$12.80 per unit, which is less than the current trading price of the REIT unites.
Holders that wish to convert their debentures must provide written notice of conversion prior to Nov. 24.
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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