Huntingdon Capital starts issuer bid to buy C$4.53 million debentures

By Susanna Moon

Chicago, April 11 - Huntingdon Capital Corp. said it will begin a normal course issuer bid to buy up to C$4,532,000 of debentures, which will run for one year until April 12, 2013.

Huntingdon received approval from the Toronto Stock Exchange for a normal course issuer bid for its shares, debentures and warrants, according to a company press release.

The maximum purchase amount represents 10% of the public float as of April 2.

As at April 2, Huntingdon had C$46 million principal amount of debentures outstanding. Daily repurchases will be restricted to $13,000 principal amount of notes, or 25% of the average daily trading volume of $54,600 principal amount of notes.

The issuer bid will begin on April 12.

Huntingdon is a Richmond, B.C.-based real estate investment trust that owns income producing properties.

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