Royal Host's 6.25% convertibles added to Diversified Convertible Debenture Fund

By Angela McDaniels

Seattle, Nov. 14 - Royal Host REIT's 6.25% convertible debentures due 2013 have been added to the Diversified Convertible Debenture Fund's list of exchange eligible issuers, according to a fund news release.

The real estate investment trust priced C$60 million of the convertibles at par with an initial conversion price of C$7 per trust unit in August. They are listed on the Toronto Stock Exchange under the symbol "RYL-DBB."

Prospective purchasers may purchase trust units of the fund either by cash payment or by an exchange of freely tradable convertible debentures of any of the fund's exchange eligible issuers.

Royal Host is a Calgary, Alta.-based investment trust focused on hotel properties.

The Diversified Convertible Debenture Fund is managed by Toronto-based First Asset Funds Inc.

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