Calloway Real Estate Investment Trust
TSX : CWT.UN

Calloway Real Estate Investment Trust

March 26, 2014 14:45 ET

Calloway Real Estate Investment Trust Partially Redeems its 5.37% Series B Senior Unsecured Debentures

TORONTO, ONTARIO--(Marketwired - March 26, 2014) -

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

Calloway Real Estate Investment Trust ("Calloway" or the "REIT") (TSX:CWT.UN) confirmed today that it has redeemed $50 million of the $250 million aggregate principal amount of 5.37% Series B senior unsecured debentures (the "Debentures") as previously announced at a total redemption price of $1,096.63 plus accrued and unpaid interest of $24.2753, both per $1,000 principal amount of Debentures, for a total aggregate redemption price, including accrued and unpaid interest, of $56,045,265. Debentures in an aggregate principal amount of $200,000,000 remain outstanding following the redemption.

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 123 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
    www.callowayreit.com