{"id":396909,"date":"2020-12-09T18:04:27","date_gmt":"2020-12-09T23:04:27","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=396909"},"modified":"2020-12-09T18:04:27","modified_gmt":"2020-12-09T23:04:27","slug":"riocan-real-estate-investment-trust-announces-redemption-of-series-r-unsecured-debentures","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/riocan-real-estate-investment-trust-announces-redemption-of-series-r-unsecured-debentures\/","title":{"rendered":"RioCan Real Estate Investment Trust Announces Redemption of Series R Unsecured Debentures"},"content":{"rendered":"
\n

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES<\/p>\n

TORONTO, Dec. 09, 2020 (GLOBE NEWSWIRE) — RioCan Real Estate Investment Trust (\u201cRioCan\u201d or the \u201cTrust\u201d) (TSX: REI.UN) today announced that it is issuing a notice of redemption to holders of its $250 million, 3.716% Series R senior unsecured debentures due December 13, 2021 (the \u201cDebentures\u201d). The Debentures will be redeemed in full on January 15, 2021 (the \u201cRedemption Date\u201d) in accordance with their terms.<\/p>\n

Pursuant to the terms of the trust indenture governing the Debentures, the Debentures will be redeemed at a redemption price equal to the greater of the \u201cCanada Yield Price\u201d and par, together in each case with accrued and unpaid interest to the Redemption Date. The \u201cCanada Yield Price\u201d calculated in accordance of the terms of the governing trust indenture, is $1,026.98 per $1,000 of principal amount of the Debentures. Accordingly, the Debentures will be redeemed effective on the Redemption Date at a price equal to $1,026.98 per $1,000 of principal amount of the Debentures plus $3.36 per $1,000 of principal amount for accrued and unpaid interest up to but excluding the Redemption Date. The aggregate redemption price payable by RioCan on the Redemption Date is approximately $256,745,000 plus accrued interest of $839,918.<\/p>\n

\n About RioCan<\/strong>
\n
RioCan is one of Canada\u2019s largest real estate investment trusts. RioCan owns, manages and develops retail-focused, increasingly mixed-use properties located in prime, high-density transit-oriented areas where Canadians want to shop, live and work. As at September 30, 2020, our portfolio is comprised of 221 properties with an aggregate net leasable area of approximately 38.4 million square feet (at RioCan’s interest) including office, residential rental and 16 development properties. To learn more about us, please visit www.riocan.com<\/a>.\u00a0<\/p>\n


\n
\n \n <\/div>\n

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For further information please contact:\r\n\r\nQi Tang\r\nSenior Vice President & Chief Financial Officer\r\n(416) 866-3033\r\nqtang@riocan.com<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, Dec. 09, 2020 (GLOBE NEWSWIRE) — RioCan Real Estate Investment Trust (\u201cRioCan\u201d or the \u201cTrust\u201d) (TSX: REI.UN) today announced that it is issuing a notice of redemption to holders of its $250 million, 3.716% Series R senior unsecured debentures due December 13, 2021 (the \u201cDebentures\u201d). The Debentures will be redeemed in full on January 15, 2021 (the \u201cRedemption Date\u201d) in accordance with their terms. Pursuant to the terms of the trust indenture governing the Debentures, the Debentures will be redeemed at a redemption price equal to the greater of the \u201cCanada Yield Price\u201d and par, together in each case with accrued and unpaid interest to the … <\/p>\n
Continue reading “RioCan Real Estate Investment Trust Announces Redemption of Series R Unsecured Debentures”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-396909","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nRioCan Real Estate Investment Trust Announces Redemption of Series R Unsecured Debentures - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/riocan-real-estate-investment-trust-announces-redemption-of-series-r-unsecured-debentures\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RioCan Real Estate Investment Trust Announces Redemption of Series R Unsecured Debentures - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NOT FOR DISTRIBUTION TO U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES TORONTO, Dec. 09, 2020 (GLOBE NEWSWIRE) — RioCan Real Estate Investment Trust (\u201cRioCan\u201d or the \u201cTrust\u201d) (TSX: REI.UN) today announced that it is issuing a notice of redemption to holders of its $250 million, 3.716% Series R senior unsecured debentures due December 13, 2021 (the \u201cDebentures\u201d). The Debentures will be redeemed in full on January 15, 2021 (the \u201cRedemption Date\u201d) in accordance with their terms. 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