CI Monetary Corp. (CI) (TSX:CIX NYSE:CIXX) currently announced its intention to redeem all of the excellent $325 million principal volume of 3.520% debentures because of July 20, 2023 (2023 Debentures). The 2023 Debentures were being issued on July 20, 2018.
CI intends to redeem the 2023 Debentures on or about February 19, 2021 (the Redemption Day) in accordance with their conditions. The redemption rate will be the increased of (i) the 2023 Canada Produce Value as defined in the supplemental rely on indenture underneath which the 2023 Debentures have been issued, and (ii) par, collectively with accrued and unpaid fascination up to but excluding the Redemption Day. Observe of redemption of the 2023 Debentures will be provided to CDS Clearing and Depository Services Inc. (CDS) and Computershare Trust Company of Canada later currently.
Beneficial holders of 2023 Debentures (held through an account with a financial institution, brokerage company, monetary