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Article: InnVest Real Estate Investment Trust Announces Renewal of Normal Course Issuer Bid for Units and Implements Normal Course Issuer Bid for Convertible Debentures.
- Article from:
- Marketwire Canada
- Article date:
- November 12, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TORONTO, ONTARIO, Nov 12, 2009 (Marketwire via COMTEX) -- InnVest Real Estate Investment Trust ("InnVest") (TSX:INN.UN)(TSX:INN.DB.A)(TSX:INN.DB.B)(TSX:INN.DB.C) today announced that the Toronto Stock Exchange (the "TSX") has accepted notice of its intention to make normal course issuer bids for its trust units ("Units"), Series A 6.25% Convertible Debentures, Series B 6.00% Convertible Debentures and Series C 5.85% Convertible Debentures.
As at November 11, 2009, there were 87,402,245 Units issued and outstanding. InnVest may purchase through the facilities of the TSX up to 8,032,364 Units, representing 10% of the public float of Units as of the date of the ...