Rogers Communications says almost all 5.75% debentures converted ahead of redemption

New York, Aug. 3 - Rogers Communications Inc. announced that holders of $223.0 million of its $224.78 million 5.75% convertible debentures due Nov. 26, 2006 converted the securities into stock ahead of the previously announced redemption.

Rogers issued 7,715,417 class B non-voting shares to investors. It paid $282,800 in cash to redeem the remaining $285,000 convertibles.

The Toronto-based communications and media company announced the call on June 30 saying it would pay $992.28 per $1,000 principal amount. Holders could convert the securities into stock at a rate of 34.368 class B non-voting shares per $1,000 principal amount up to the close of business on the redemption date.

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