Royal Host to launch normal-course issuer bid for 6%, 6.25% convertible debentures

By Laura Lutz

Des Moines, March 28 - Royal Host Real Estate Investment Trust announced a normal-course issuer bid to purchase its 6% convertible unsecured subordinated debentures due Oct. 31, 2015 and 6.25% convertible unsecured subordinated debentures due Sept. 30, 2013.

The company will purchase up to C$5.941 million principal amount of the 6% debentures and up to C$5.999 million principal amount of the 6.25% debentures.

As of March 28, there is C$59.415 million public float outstanding on the 6% debentures and C$59.995 million on the 6.25% debentures.

The bid will begin on March 30. It will end on March 29, 2008 or when it is terminated by the company.

Based in Calgary, Alta., Royal Host owns and operates hotels.

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