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Crombie REIT to redeem outstanding debentures

Crombie Real Estate Investment Trust redeemed its 5.00% series D convertible unsecured subordinated debentures, maturing Sep. 30, 2019.

The redemption will be effective July 4 and the company will pay $1,013.01 per $1000 principal amount of debentures, less required taxes.

Crombie plans to fund the redemption using its existing revolving credit facility.