Altus Group completes early redemption of 6.75% convertible debentures
Altus Group Limited (“Altus Group” or “the Company”) (TSX:AIF) announced today that it has completed the previously announced early redemption of its outstanding 6.75% Convertible Debentures (the “Debentures”) (TSX:AIF.DB.A).
The Debentures were redeemed by the Company on May 3, 2017, in accordance with the terms of the Convertible Debenture indenture and have been delisted from the Toronto Stock Exchange. The aggregate principal amount of the Debentures outstanding as of March 31, 2017 was $5,365,000, of which $4,969,000 was converted into 496,900 common shares issued from Treasury at a conversion price of $10.00 per common share. The remaining principal amount of $396,000 of the Debentures was redeemed using available cash on hand.
Key contact
Camilla Bartosiewicz
Chief Communications Officer
Key contact
Camilla Bartosiewicz
Chief Communications Officer
About Altus Group
Altus Group Limited is a leading provider of software, data solutions and independent advisory services to the global commercial real estate industry.
Our businesses, Altus Analytics and Altus Expert Services, reflect decades of experience, a range of expertise, and technology-enabled capabilities. Our solutions empower clients to analyze, gain insight and recognize value on their real estate investments.
Headquartered in Canada, we have approximately 2,500 employees around the world, with operations in North America, Europe and Asia Pacific. Our clients include some of the world’s largest real estate industry participants. Altus Group pays a quarterly dividend of $0.15 per share and our shares are traded on the TSX under the symbol AIF.
For more information on Altus Group, please visit: www.altusgroup.com.
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