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MISSISSAUGA, ON, Sept. 14, 2018 /CNW/ - Temple Hotels Inc. (TSX: TPH) ("Temple" or the "Company") announced today that the record date for the partial redemption of its outstanding 7.25% Series E convertible redeemable unsecured subordinated debentures due September 30, 2020 (the "Debentures") will be September 27, 2018 (the "Record Date"). Holders of Debentures on the Record Date will have a portion of their Debentures redeemed effective September 30, 2018 in accordance with the press release issued by the Company on August 24, 2018 and the notice of redemption sent to holders of Debentures dated August 23, 2018.
Temple is a growth orientated hotel investment company with hotel properties located across Canada. Temple is listed on the Toronto Stock Exchange under the symbols TPH (common shares) and TPH.DB.E. (convertible debenture). The primary long-term investment objectives of the Company are to yield stable and growing cash flows and to maximize the long-term share value of the Company through the active management of its assets, accretive acquisitions, and the performance of value-added capital improvement programs on selected properties, as deemed appropriate. For further information on Temple, please visit our website at www.templehotels.ca.
SOURCE Temple Hotels Inc.
For further information: K. Rai Sahi, FCA, FCGA, Chief Executive Officer, or Paul Miatello, CA, CPA, Chief Financial Officer, Tel: (905) 281-3800, Fax: (905) 281-5890, Email: [email protected]