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Chartwell to redeem its C$124.93 million 6% convertible debentures
By Devika Patel
Knoxville, Tenn., Oct. 13 - Chartwell Seniors Housing Real Estate Investment Trust said it will use the proceeds from a C$130.17 million short-form prospectus offering of trust units to redeem its C$124.93 million of 6% convertible unsecured debentures, which mature on Dec. 1, 2011.
The convertibles also have a par call date of Dec. 1.
Located in Mississauga, Ont., Chartwell owns and operates senior housing properties.
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