The Toronto Stock Exchange reports that First Capital Realty Inc.'s 5.25-per-cent convertible, unsecured, subordinated debentures, due Jan. 31, 2019, will be halted at the open on Jan. 31, 2017, and delisted at the close on the same day. According to the TSX, the company will redeem the debentures on Jan. 31, 2017, for $51,584,000, representing a redemption price of $1,017.69 per $1,000 principal amount of debentures. The $1,017.69 redemption price includes $1,000 principal amount of debentures, and $17.69 for accrued and unpaid interest from Sept. 30, 2016, to, but excluding, the redemption date.

The TSX reports that the debentureholders have the option to convert their debentures into shares of the company until 5 p.m. (Toronto time) on Jan. 30, 2017, at a conversion price of $23.77 per share. The conversion price represents a conversion rate of approximately 42.0698 shares per $1,000 principal amount of debentures. All trades on Jan. 26, 2017, Jan. 27, 2017, and Jan. 30, 2017, will settle on Jan. 30, 2017.

For more information, see the company's redemption notice and news release dated Dec. 22, 2016.