Temple REIT completes C$86,000 redemption of remaining convertibles

By Ashley Montgomery

Kansas City, Kan., Dec. 3 - Temple Real Estate Investment Trust has redeemed its C$86,000 of 8.75% senior secured convertible redeemable debentures, according to a notice.

Following the initial redemption announcement, the company said C$1,249,000 of the debentures was converted into trust units at a price of C$3.65 per trust unit. This resulted in the issuance of 342,186 units.

Temple is a real estate investment trust based in Winnipeg, Man. It owns hotel properties and related assets.

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