/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE
SERVICES TEMPLE HOTELS INC./
WINNIPEG, March 19, 2013 /CNW/ - Temple Hotels Inc. ("Temple") (TSX:
TPH) announced today that it will not proceed with its previously
announced intention to extend the maturity date and amend the terms of
its issued and outstanding 5 Year 8.50% convertible redeemable
unsecured subordinated debentures (the "Series B Debentures").
Accordingly, the meeting of the holders of the Series B Debentures,
which had been scheduled for April 9, 2013, has been cancelled.
Temple further announced that all of the outstanding Series B Debentures
will be redeemed, together with accrued interest, in cash on the
maturity date of April 30, 2013.
There are approximately $19,856,100 aggregate principal amount of Series
B Debentures issued and outstanding on the date hereof. The Series B
Debentures are currently listed on the Toronto Stock Exchange under the
trading symbol "TPH.DB.B".
Temple is a real estate investment company listed on the Toronto Stock
Exchange under the symbols TPH (common shares), TPH.DB.B, TPH.DB.C,
TPH.DB.D, TPH.DB.E and TPH.DB.F (convertible debentures). The objective
of Temple is to provide shareholders with stable dividends from
investment in a diversified portfolio of hotel properties and related
assets. For further information on Temple, please visit our website at
The TSX has not reviewed or approved the contents of this press release
and does not accept responsibility for the adequacy or accuracy of this
This press release is not an offer of securities for sale in the United
States, the securities offered have not been and will not be registered
under the United States Securities Act of 1933, as amended, and may not
be offered or sold in the United States absent registration or an
applicable exemption from registration requirements. Any public
offering of securities to be made in the United States will be made by
means of a prospectus that may be obtained from the issuer and will
contain detailed information about the company and management, as well
as financial statements.
SOURCE: Temple Hotels Inc.
For further information:
Arni Thorsteinson, Chief Executive Officer, or Gino Romagnoli, Investor Relations
Tel: (204) 475-9090, Fax: (204) 452-5505, Email: firstname.lastname@example.org