First Capital Realty announces redemption of its 5.40% and 5.25% convertible debentures

About this update from First Capital Real Estate Investment Trust

[{"type":"text","content":"\n\n\n\nFirst Capital Realty announces redemption of its 5.40% and 5.25% convertible debentures\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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, Dec. 22, 2016\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/\n\n\n\nTORONTO, Dec. 22, 2016 /CNW/ - First Capital Realty Inc. (TSX: FCR), one of Canada's largest owners, developers and managers of grocery anchored, retail-focused urban properties, announced today that it has provided holders of its 5.40% convertible unsecured subordinated debentures due January 31, 2019 (FCR.DB.E) (the \"5.40% Debentures\") and holders of its 5.25% convertible unsecured subordinated debentures due January 31, 2019 (FCR.DB.F) (the \"5.25% Debentures\" and together with the 5.40% Debentures, the \"Debentures\") a notice of redemption pursuant to which First Capital Realty will redeem the entire outstanding principal amount of the Debentures on January 31, 2017 (the \"Redemption Date\").  As of the date hereof, $54,666,000 aggregate principal amount of 5.40% Debentures and $51,584,000 aggregate principal amount of 5.25% Debentures remain outstanding.\n\nThe Debentures will be redeemed on the Redemption Date at par, plus accrued interest from September 30, 2016 to but excluding the Redemption Date. First Capital Realty has established 5:00 p.m. (Toronto time) on January 30, 2017 as the record date for the redemption. The full redemption price and interest owing on each series of Debentures will be satisfied in cash. As of the date hereof, the aggregate interest payment is expected to be approximately $1,907,000.\n\nHolders of Debentures remain entitled to convert their Debentures at their respective current conversion price at any time up to 5:00 p.m. (Toronto time) on January 30, 2017, in accordance with the terms of the Debentures. \n\nABOUT FIRST CAPITAL REALTY (TSX: FCR)\n\nFirst Capital Realty is one of Canada's largest owners, developers and managers of grocery anchored, retail-focused urban properties where people live and shop...

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