{"id":49178,"date":"2018-02-25T10:39:00","date_gmt":"2018-02-25T15:39:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=49178"},"modified":"2025-08-08T10:40:49","modified_gmt":"2025-08-08T14:40:49","slug":"ax-pr-u-redemption-becomes-official","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=49178","title":{"rendered":"AX.PR.U Redemption Becomes Official"},"content":{"rendered":"<p>Artis Real Estate Investment Trust <a href=\"http:\/\/www.artisreit.com\/files\/2018\/02\/Artis_News_022218.pdf\">has announced<\/a> (on 2018-2-22):<\/p>\n<blockquote>\n<p>that it has delivered formal notice to the holder(s) of its Preferred Units, Series C (the \u201cSeries C Units\u201d) 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 \u201cRedemption Price\u201d) 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.<\/p>\n<p>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.<\/p>\n<\/blockquote>\n<p>The intention to redeem, but not a commitment, was <a href=\"https:\/\/prefblog.com\/?p=36057\">announced in January<\/a>.<\/p>\n<p>AX.PR.U is a FixedReset, 5.25%+446, US Pay, ROC, that <a href=\"https:\/\/prefblog.com\/?p=19779\">commenced trading 2012-9-18<\/a> after being <a href=\"https:\/\/prefblog.com\/?p=19704\">announced 2012-9-11<\/a>. It is callable at par on March 31. The issue has not been tracked by HIMIPref&trade; as it is US-Pay.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 \u201cSeries C Units\u201d) that, on March 31, 2018, the Trust &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13,26,31],"tags":[],"class_list":["post-49178","post","type-post","status-publish","format-standard","hentry","category-issue-comments","category-return-of-capital","category-us-pay"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49178","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=49178"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49178\/revisions"}],"predecessor-version":[{"id":49179,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/49178\/revisions\/49179"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49178"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}