MISSISSAUGA, ON,
Aug. 15, 2012 /CNW/ - Morguard Real
Estate Investment Trust (the "REIT") (TSX: MRT.UN) today announced
that it will redeem all of its outstanding 6.50% Convertible
Unsecured Subordinated Debentures (the "Debentures") on
October 1, 2012 (the "Redemption
Date"). The Debentures were issued September
22, 2009 and mature on September 30,
2014.
The redemption price has been determined in
accordance with the provisions of the Trust Indenture and the
Supplemental Indenture related to the Debentures. The redemption
price will be paid in cash and is $1,000 per Debenture together with accrued and
unpaid interest on the Debentures up to, but not including the
Redemption Date.
Notice of redemption has been delivered today,
August 15, 2012, to CDS & Co.
("CDS") and the trustee, Computershare Trust Company of
Canada.
Non-registered holders (banks, brokerage firms
or other financial institutions) who maintain their interests in
the Debentures through CDS should contact their CDS customer
service representative with any questions about the redemption.
Alternatively, beneficial holders with any questions about the
redemption should contact their respective brokerage firm or
financial institution, which holds interests in the Debentures
through CDS on their behalf.
Morguard REIT is a closed-end real estate
investment trust, which owns a diversified portfolio of 53 high
quality retail, office and mixed-use properties in Canada with an approximate value of
$2.2 billion and comprising
approximately 8.5 million square feet of leaseable space.
SOURCE Morguard Real Estate Investment Trust