Artis Real Estate Investment Trust has announced (on 2018-2-22):
that it has delivered formal notice to the holder(s) of its Preferred Units, Series C (the “Series C Units”) that, on March 31, 2018, the Trust will redeem all of the 3,000,000 outstanding Series C Units at a price of US$25.328125 (the “Redemption Price”) for each Series C Unit, being US$25.00 plus US$0.328125 in accrued and unpaid distributions thereon up to but excluding March 31, 2018.
The Redemption Price will be payable upon presentation and surrender of the Series C Units called for redemption at the corporate trust offices of AST Trust Company (Canada) at 1 Toronto Street, Suite 1200, Toronto, Ontario, M5C 2V6, Attention: Corporate Actions.
The intention to redeem, but not a commitment, was announced in January.
AX.PR.U is a FixedReset, 5.25%+446, US Pay, ROC, that commenced trading 2012-9-18 after being announced 2012-9-11. It is callable at par on March 31. The issue has not been tracked by HIMIPref™ as it is US-Pay.
This entry was posted on Sunday, February 25th, 2018 at 3:07 pm and is filed under Issue Comments, Return of Capital, US Pay. You can follow any responses to this entry through the RSS 2.0 feed.
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AX.PR.U Redemption Becomes Official
Artis Real Estate Investment Trust has announced (on 2018-2-22):
The intention to redeem, but not a commitment, was announced in January.
AX.PR.U is a FixedReset, 5.25%+446, US Pay, ROC, that commenced trading 2012-9-18 after being announced 2012-9-11. It is callable at par on March 31. The issue has not been tracked by HIMIPref™ as it is US-Pay.
This entry was posted on Sunday, February 25th, 2018 at 3:07 pm and is filed under Issue Comments, Return of Capital, US Pay. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.