Monmouth Capital redeems $4.87 million 8% convertibles due 2013, 2015

By Tali David

Minneapolis, Dec. 3 - Monmouth Real Estate Investment Corp. announced said its wholly owned subsidiary, Monmouth Capital Corp., redeemed all of its outstanding 8% convertible senior debentures due 2013 and 8% convertible subordinated debentures due 2015, according to a press release.

The company redeemed $120,000 of the 2013 debentures and $4,745,000 of the 2015 debentures at par plus accrued interest on Nov. 30.

Monmouth is a Freehold, N.J.-based real estate investment trust specializing in net-leased industrial properties.

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