The Toronto Stock Exchange reports that pursuant to a supplemental trust indenture dated May 23, 2023, amending the terms of the trust indenture dated Aug. 24, 2018, between Invesque Inc. and Computershare Trust Company of Canada, the terms of the 6.0 per cent convertible unsecured subordinated debentures (symbol IVQ.DB.V) have been amended as follows:

• The maturity date of the debentures has been extended from Sept. 30, 2023, to Sept. 30, 2026, effective immediately.
• The interest rate on the debentures will increase from 6.0 per cent per annum to 8.75 per cent per annum, effective from and including Sept. 30, 2023.
• The conversion price of the debentures is reduced from $10.70 (U.S.) per common share (symbol IVQ) to $2.75 (U.S.) per common share, effective immediately.

All of the other terms of the debentures remain unchanged. There will be no change to the stock symbol or Cusip number of the amended debentures. The final interest payment at the rate of 6.0 per cent per annum, to be paid on Sept. 30, 2023, will be equal to $30 (U.S.) for each $1,000 (U.S.) principal amount of amended debenture. The interest payments payable between Sept. 30, 2023, and Sept. 30, 2026, at the rate of 8.75 per cent per annum, to be paid on March 31 and Sept. 30 of each year, will be equal to $43.75 (U.S.) for each $1,000 (U.S.) principal amount of amended debenture.

The TSX notes that trades in the debentures on Sept. 28, 2023, will settle on Sept. 29, 2023, and trades on Sept. 29, 2023, will settle on the same day. For more information, see the company's information circular dated April 21, 2023, and its news release dated May 23, 2023.