Automotive Finco calls 6.75% convertibles for redemption on Dec. 16

By Marisa Wong

Los Angeles, Oct. 7 – Automotive Finco Corp. issued a notice of redemption for its outstanding 6.75% convertible debentures due June 30, 2022, according to a press release.

The debentures will be redeemed in full at 103 plus accrued interest to the Dec. 16 redemption date.

As of Oct. 7, there is $30,615,000 of the debentures issued and outstanding.

Holders may convert the debentures prior to the redemption date at a conversion price of $3.50 per share.

Automotive Finco is a Toronto-based investment company.

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