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Covivio to suspend conversion of €200M convertible bonds

French diversified real estate investment trust Covivio plans to suspend the exercise of rights related to the conversion of €200.0 million of 0.875% convertible bonds due 2021 into ordinary shares of the company.

The suspension of exercise of rights will be considered at the upcoming April 17 annual general meeting of Covivio's shareholders, and it is proposed that the suspension take effect from Feb. 20, the date of the meeting of the board of directors, to May 10.

The payment of dividend for the fiscal year ended Dec. 31, 2018, will also be resolved at the meeting.