Morguard North American Residential REIT to Redeem 4.65% Convertible Unsecured Subordinated Debentures

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[{"type":"text","content":"\n\n\n\nMorguard North American Residential REIT to Redeem 4.65% Convertible Unsecured Subordinated 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\n\n\n\n\n\n\nCanada NewsWire\nMISSISSAUGA, ON, Jan. 24, 2018\n\n\n\nMISSISSAUGA, ON, Jan. 24, 2018 /CNW/ - Morguard North American Residential Real Estate Investment Trust (the \"Trust\") (TSX: MRG.UN) today announced that it will redeem all of its outstanding 4.65% Convertible Unsecured Subordinated Debentures (the \"Debentures\") on February 26, 2018 (the \"Redemption Date\"). The Debentures were issued on March 15, 2013 and mature on March 30, 2018. \n\nThe redemption price has been determined in accordance with the provisions of the Trust Indenture related to the Debentures. The redemption price will be paid in cash and is $1,000 per Debenture together with accrued and unpaid interest on the Debentures up to, but excluding, the Redemption Date.\n\nNotice of redemption has been delivered today, January 24, 2018, to CDS & Co. (\"CDS\") and the trustee, Computershare Trust Company of Canada.\n\nNon-registered holders (banks, brokerage firms or other financial institutions) who maintain their interests in the Debentures through CDS should contact their CDS customer service representative with any questions about the redemption. Alternatively, beneficial holders with any questions about the redemption should contact their respective brokerage firm or financial institution, which holds interests in the Debentures through CDS on their behalf.\n\nAbout Morguard North American Residential REIT\n\nThe Trust is an unincorporated, open-ended real estate investment trust which owns, through a limited partnership, interests in a portfolio of 16 Canadian residential apartment communities, located in Alberta and Ontario, and 30 U.S. residential apartment communities located in Colorado, Texas, Louisiana, Illinois, Georgia, Florida, North Carolina, Virginia and Maryland consisting of approximately 13,000 residential suites.\n\nFor more information, please visit Morguard.com.\n\nCertain information in this press release may consti...

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