02:57:06 EDT Fri 22 Jun 2018
Enter Symbol
or Name

InnVest Real Estate Investment Trust
Symbol C : INN.UN
Shares Issued 93,686,888
Close 2013-02-25 C$ 4.47
Recent Sedar Documents

InnVest REIT to list 5.75% Series G debentures Feb. 27

2013-02-25 21:02 ET - Prospectus Approved

InnVest Real Estate Investment Trust will list $100-million principal amount of its 5.75-per-cent convertible unsecured subordinated debentures, Series G, due March 31, 2019, on the Toronto Stock Exchange at the open on Wednesday, Feb. 27, 2013, according to the TSX. As in a Feb. 20, 2013, short form prospectus, InnVest plans to sell $100-million worth of the Series G debentures in $1,000 principal amounts. It has granted the underwriters an overallotment option to buy up to an additional $15-million worth of the debentures for 30 days from the closing of the offering. The debentures will pay interest semi-annually, in arrears, on March 31 and Sept. 30 in each year, beginning on Sept. 30, 2013. The trust expects the first interest payment to be $33.87 per $1,000 principal amount for Feb. 27, 2013, to, but excluding, Sept. 30, 2013, assuming the offering closes on Feb. 27. The conversion price of the debentures is $5.80 per unit, which represents 172.4138 units for every $1,000 principal amount of debentures. InnVest plans to use the money raised to redeem its 6-per-cent convertible debentures, Series B, and for general trust purposes.

The TSX reports the debentures will trade under the symbol INN.DB.G and Cusip No. 45771T AJ 7.

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