Riverside calls $52.5 million 7 7/8% notes

New York, Feb. 9 - Riverside Forest Products Ltd. said it will redeem $52.5 million principal amount of its 7 /78% senior notes due 2014 on Feb. 17.

The Vernon, B.C., wood products company will pay 107.875% of par plus accrued interest to the date of redemption.

Funding will come from Riverside's issuance of 1.85 million shares to a subsidiary of Tolko Industries Ltd. for C$74 million.

Tolko has also acquired all the shares it did not already own.

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