Business
H&R Announces its Intention to Redeem Outstanding 2017 Convertible Unsecured Debentures
TORONTO , May 24, 2013 /CNW/ - H&R Real Estate Investment Trust ("H&R") (TSX: HR...
About this update from H&r Real Estate Investment Trust
[{"type":"text","content":"\n\n\nTORONTO, May 24, 2013 /CNW/ - H&R Real Estate Investment Trust (\"H&R\")\n (TSX: HR.UN; HR.DB.C, HR.DB.D, HR.DB.E, HR.DB.F and HR.DB.H) announced\n its intention to redeem all of its outstanding 6.00% Series C\n convertible unsecured debentures maturing June 30, 2017 (the \"2017\n Convertible Debentures\") on the earliest date permitted under the\n second supplemental trust indenture dated December 30, 2009 (the\n \"Supplemental Indenture\"), being July 2, 2013 (the \"Redemption Date\")\n pursuant to and subject to the terms of the Supplemental Indenture. As\n at the date hereof, the aggregate principal amount of $167,675,000 was outstanding on the 2017 Convertible Debentures. The 2017 Convertible\n Debentures are listed for trading on the TSX under the trading symbol\n HR.DB.C.\n\n\nEach outstanding 2017 Convertible Debenture in the principal amount of\n $1,000 will be redeemed as at the Redemption Date upon payment by H&R\n of a redemption amount of $1000.33, being equal to the aggregate\n principal amount and all accrued and unpaid interest thereon up to but\n excluding the Redemption Date, less any applicable withholding taxes.\n The regular interest payment due June 30, 2013 will be paid to holders\n of the 2017 Convertible Debentures on such date pursuant to the terms\n of the Supplemental Indenture.\n\n\nNotice of the redemption will be delivered to the trustee, CIBC Mellon\n Trust Company, and to the Canadian Depository for Securities Limited\n (\"CDS\") today. Non-registered holders (banks, brokerage firms or other\n financial institutions) who maintain their interests in the 2017\n Convertible Debentures through CDS should contact their CDS customer\n service representative with any questions about the redemption.\n Beneficial holders with any questions about the redemption should\n contact their respective brokerage firm or financial advisor.\n\n\nAbout H&R REIT\nH&R REIT is an open-ended real estate investment trust, which owns a\n North American portfolio of 40 office, 112 industrial and 163 retail\n properties comprising over 53 million square feet and 3 development\n projects, with a fair value of approximately $13 billion. The\n foundation of H&R REIT's success since inception in 1996 has been a\n disciplined strategy that leads to consistent and profitable growth.\n H&R REIT lea...