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Published on 5/2/2014 in the Prospect News Convertibles Daily and Prospect News Liability Management Daily.

InnVest REIT to redeem C$70 million 5.85% convertible notes due 2014

By Susanna Moon

Chicago, May 2 - InnVest Real Estate Investment Trust said it will redeem all of its C$70 million of outstanding 5.85% convertible debentures due Aug. 1, 2014.

The company will redeem the convertibles at $1,019.55 for each $1,000 principal amount of notes plus accrued interest to but excluding the redemption date of June 3, according to a press release.

InnVest is a Toronto-based holder of hotel real estate.


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