First Capital Realty Announces Redemption of Its Remaining Outstanding 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 Remaining Outstanding 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, Jan. 25, 2018\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/\n\n\n\nTORONTO, Jan. 25, 2018 /CNW/ - First Capital Realty Inc. (\"First Capital Realty\") (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 4.45% convertible unsecured subordinated debentures due February 28, 2020 (FCR.DB.J) (the \"Debentures\") a notice of redemption pursuant to which First Capital Realty will redeem the entire outstanding principal amount of the Debentures on February 28, 2018 (the \"Redemption Date\").  As of the date hereof, $55,093,000 aggregate principal amount of the Debentures remain outstanding.\n\nThe Debentures will be redeemed on the Redemption Date at par, plus accrued interest from September 30, 2017 to but excluding the Redemption Date. First Capital Realty has established 5:00 p.m. (Toronto time) on February 27, 2018 as the record date for the redemption. The full redemption price and interest owing on the Debentures will be satisfied in cash. As of the date hereof, the aggregate interest payment is expected to be approximately $1,008,000.\n\nHolders of the Debentures remain entitled to convert their Debentures at the current conversion price at any time up to 5:00 p.m. (Toronto time) on February 27, 2018, 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 for everyday life. First Capital Realty currently owns interests in 161 properties, totaling approximately 25 million square feet of gross leasable area.\n\nForward-looking Statement Advisory\n\nThis press release contains forward-looking sta...

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