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Artis REIT to redeem series G convertible debentures

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Artis REIT to redeem series G convertible debentures

Artis Real Estate Investment Trust plans to redeem its series G convertible debentures.

The redemption of all issued and outstanding five year 5.75% series G convertible redeemable unsecured subordinated debentures is slated to be effective Feb. 28.

Holders of the series G debentures will be entitled to a redemption amount of about US$1,009.2945 for each US$1,000 principal amount of debentures, excluding any deductible taxes.

BNY Trust Co. is the indenture trustee for the redemption.