The Toronto Stock Exchange reports that Chemtrade Logistics Income Fund's 8.50 per cent convertible unsecured subordinated debentures (symbol CHE.DB.F) will be halted at the open on Sept. 18, 2024, and delisted at the close on the same day. According to the TSX, the fund will redeem the debentures on Sept. 18, 2024, for $1,039.7131148 per $1,000 principal amount of debentures, representing $1,000 principal amount, and $39.7131148 of accrued and unpaid interest thereon to, but excluding, the redemption date. As the debentures trade in the book-entry-only system of CDS, holders need not take any action in order to receive their payment.

The TSX notes that holders of the debentures have the option to convert their debentures into units of the fund, at any time until 4 p.m. Toronto time on Sept. 17, 2024, at $7.35 per unit. This conversion price represents a conversion rate of 136.0544 units per $1,000 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 on Sept. 17, 2024, will settle on the same day.

For more information, see the fund's news release dated Aug. 19, 2024.