|NorthWest Healthcare Properties REIT Announces Intention to Redeem Two Series of Convertible Debentures Totalling $40 Million with a Weighted Average Interest Rate of 7.0%|
The redemptions are expected to occur on
The 6.50% Debentures were issued on
The redemption price has been determined in accordance with the provisions of the Trust Indenture and the Supplemental Indentures related to the Debentures. The redemption price will be paid in cash and will be equal to the aggregate principal amount of the Debentures, together with accrued and unpaid interest on the Debentures up to, but excluding, the Redemption Date.
Notices of redemption are being delivered today,
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.
Forward Looking Information
Certain statements contained in this news release may contain projections and "forward looking statements" within the meaning of that phrase under Canadian securities laws, including but not limited to the expected timing of the redemption of the Debentures. When used in this news release, the words "may", "would", "should", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions may be used to identify forward looking statements. Those statements reflect the REIT's current views with respect to future events or conditions. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable by management as of the date hereof, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The REIT's estimates, beliefs and assumptions, which may prove to be incorrect, include the various assumptions set forth herein. Forward looking statements are subject to certain risks and uncertainties, known and unknown, including, without limitation, risks disclosed in the REIT's annual information form dated
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