Temple REIT Announces the Completion of the Early Redemption of Senior Secured Convertible Debentures
WINNIPEG, Dec. 3, 2012 /CNW/ - Temple Real Estate Investment Trust ("Temple REIT") (TSX: TR.UN) announced today that it has completed the early redemption of the 8.75% Senior Secured Convertible Redeemable Debentures (the "Debentures") in the amount of $86,000 plus accrued interest. Subsequent to the initial announcement of the early redemption, $1,249,000 principal amount of Debentures converted into trust units at a price of $3.65 per trust units resulting in the issuance of 342,186 trust units.
Temple REIT is a real estate investment trust, which is listed on the Toronto Stock Exchange under the symbols TR.UN (trust units), TR.DB.B, TR.DB.C, TR.DB.D and TR.DB.E (convertible debentures). The objective of Temple REIT is to provide Unitholders with stable cash distributions from investment in a diversified portfolio of hotel properties and related assets. For further information on Temple REIT, please visit our website at www.treit.ca.
The Toronto Stock Exchange has not reviewed or approved the contents of this press release and does not accept responsibility for the adequacy or accuracy of this press release.
SOURCE: Temple REITFor further information:
Arni Thorsteinson, Chief Executive Officer, or Gino Romagnoli, Investor Relations
Tel: (204) 475-9090, Fax: (204) 452-5505, Email: email@example.com