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Choice Properties Real Estate Investment Trust Completes $500 Million Issuance Of Series R Senior Unsecured Debentures

Jun 24, 2022•about 3 years ago

Amount Raised

$500 Million

TorontoReal EstateCommunity And LifestyleCommerce And Shopping

Description

Choice Properties Real Estate Investment Trust (“Choice Properties” or the “Trust”) (TSX: CHP.UN) announced today that it has completed its previously announced issuance, on a private placement basis in certain Provinces of Canada (the “Offering”), of $500 million aggregate principal amount of series R senior unsecured debentures of the Trust bearing interest at a rate of 6.003% per annum and maturing on June 24, 2032 (the “Debentures”).

Company Information

Company

Choice Properties Real Estate Investment Trust

Location

Clair Avenue East

Toronto, Ontario, Canada

About

Choice Properties is a leading Real Estate Investment Trust that creates enduring value through the ownership, operation and development of high-quality commercial and residential properties. We believe that value comes from creating spaces that improve how our tenants and communities come together to live, work, and connect. We strive to understand the needs of our tenants and manage our properties to the highest standard. We aspire to develop healthy, resilient communities through our dedication to social, economic, and environmental sustainability. In everything we do, we are guided by a shared set of values grounded in Care, Ownership, Respect and Excellence. For more information, visit Choice Properties’ website at www.choicereit.ca and Choice Properties’ issuer profile at www.sedar.com.

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