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Choice Properties REIT to redeem C$300 million 3.6% debentures on June 26
By Rebecca Melvin
Concord, N.H., May 27 – Choice Properties Ltd. Partnership plans to fully redeem its C$300 million principal amount of 3.6% series 10 senior debentures due Sept. 20, 2022 on June 26, according to a press release.
The company is part of Choice Properties Real Estate Investment Trust.
The company will redeem the securities at par plus accrued interest of C$9.666 per C$1,000 debenture.
The record date for the redemption is June 24.
The commercial and residential real estate investment trust is based in Toronto.
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