The Toronto Stock Exchange reports that the terms of Lanesborough Real Estate Investment Trust's 9.5-per-cent Series G redeemable subordinated secured debentures due June 30, 2018, have been amended, pursuant to a third supplemental trust indenture dated June 22, 2016, and an extraordinary resolution approved by the debentureholders. According to the TSX, the amendments:

• Extend the maturity date of the debentures from June 30, 2018, to June 30, 2022;
• Reduce the interest rate payable on the debentures starting June 30, 2016, from 9.5 per cent per year to 5 per cent per year;
• Extend the interest payment dates in respect of the debentures from semi-annually on June 30 and Dec. 31 of each year (including the semi-annual interest payment date scheduled for June 30, 2016) to June 30, 2022.

All other terms of the debentures remain unchanged, and the TSX notes that its bulletins dated Dec. 6, 2006, Nov. 1, 2011, and June 23, 2014, contain a summary of the terms of the debentures.

According to the TSX, the debentures will be posted for trading at the open on June 28, 2016, under the existing Cusip number (No. 515555 AN 0) and the same stock symbol (LRT.DB.G). The debentures will also continue to trade on an interest-flat basis.