The Toronto Stock Exchange reports that BSR Real Estate Investment Trust's 5.00 per cent convertible unsecured subordinated debentures will be halted at the open and delisted at the close on Jan. 3, 2025. According to the TSX, the trust will redeem the debentures on Jan. 3, 2025, for $1,013.01 (U.S.) per $1,000 (U.S.) principal amount of debentures, representing $1,000 (U.S.) principal amount and $13.01 (U.S.) for accrued and unpaid interest thereon to, but excluding, the redemption date.

The TSX reports that the holders of the debentures have the option to convert the debentures into trust units until the close on Jan. 2, 2025, at $14.40 (U.S.) per trust unit. This conversion price represents a conversion rate of approximately 69.4444 trust units per $1,000 (U.S.) principal amount of debentures. Buyers of debentures who wish to exercise their conversion right should make their purchases sufficiently in advance of the deadline indicated in the relevant CDS bulletin, allowing for adequate time for settlement. Trades in the debentures on Jan. 2, 2025, will settle on the same day.

For more information, see the trust's news release dated Nov. 7, 2024.