Calloway Real Estate Investment Trust

TSX : CWT.UN


Calloway Real Estate Investment Trust

February 07, 2014 16:48 ET

Calloway Real Estate Investment Trust Announces Redemption of Series E Unsecured Debentures

TORONTO, ONTARIO--(Marketwired - Feb. 7, 2014) -

NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES

Calloway Real Estate Investment Trust ("Calloway") (TSX:CWT.UN) today announced that it is issuing a notice of redemption to holders of its $100 million 5.10% Series E senior unsecured debentures due June 4, 2015 (the "Series E Debentures"), representing a redemption in full of all of the currently outstanding Series E Debentures. The Series E Debentures will be redeemed on March 10, 2014, in accordance with their terms, at a total redemption price of $1,042.74 plus accrued and unpaid interest of $13.41 to but excluding the redemption date, both per $1,000 principal amount. Total redemption price, including accrued interest, will be $105,615,370 (for the entire $100 million principal amount outstanding).

About Calloway

Calloway is one of Canada's largest real estate investment trusts with total assets of approximately $7 billion. It owns and manages approximately 27 million square feet in 121 value-oriented retail centres having the strongest national and regional retailers, as well as strong neighbourhood merchants. Calloway's vision is to provide a value-oriented shopping experience to Canadian consumers. For more information on Calloway, visit www.callowayreit.com.

Contact Information

  • Calloway Real Estate Investment Trust
    Mario Calabrese
    Interim Chief Financial Officer
    (905) 326-6400 ext. 7610
    (905) 326-0783 (FAX)
    www.callowayreit.com