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Commonwealth Property lowers conversion price of 5.25% convertibles
By Marisa Wong
Madison, Wis., Aug. 29 - Commonwealth Property Office Fund (CPA) said it adjusted the conversion price of its A$200 million 5.25% convertible notes due 2016 following an increase in its 2013 full-year distribution.
The conversion price was lowered to A$1.1182 from A$1.1226, effective Aug. 28.
The office sector real estate investment trust is based in Sydney, Australia.
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