Choice Properties Real Estate Investment Trust Announces Redemption of $300 million of Debentures Maturing in 2020

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[{"type":"text","content":"\n\n\n\nChoice Properties Real Estate Investment Trust Announces Redemption of $300 million of Debentures Maturing in 2020\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, Dec. 20, 2019\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./\n TORONTO, Dec. 20, 2019 /CNW/ - Choice Properties Real Estate Investment Trust (\"Choice Properties\" or the \"Trust\") (TSX: CHP.UN) announced today that Choice Properties Limited Partnership (the \"Partnership\") has provided holders of its 3.60% series 8 senior unsecured debentures due April 20, 2020 (the \"Series 8 Debentures\") with a notice of redemption pursuant to which the Partnership will redeem the entire outstanding principal amount of Series 8 Debentures on January 20, 2020 and has fixed January 17, 2020 as the record date for this redemption. As of the date hereof, there is $300 million aggregate principal amount of Series 8 Debentures outstanding.\n\n \n \n\n \nOn the redemption date, the Series 8 Debentures will be redeemed in accordance with their terms at a redemption price per $1,000 principal amount of the Series 8 Debentures equal to $1,000 plus accrued and unpaid interest to but excluding the redemption date of $9.074, and will thereafter cease to be outstanding.  \nAbout Choice Properties Real Estate Investment TrustChoice Properties, Canada's preeminent diversified real estate investment trust, is the owner, manager and developer of a high-quality portfolio comprising 726 properties totaling 65.8 million square feet of gross leasable area. Choice Properties owns a portfolio comprised of retail properties predominantly leased to necessity‐based tenants; industrial, office and residential assets concentrated in attractive markets; and offers an impressive and substantial development pipeline. Choice Properties' strategic alliance with its principal tenant, Loblaw Companies Limited, the country's leading retailer, is a key competitive advantage providing long-term growth opportunities. For...

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