RE:Halted?For this reason.
Diversified Royalty 5.25% debentures to be delisted
2022-12-06 20:34 ET - Miscellaneous
The Toronto Stock Exchange reports that Diversified Royalty Corp.'s 5.25 per cent convertible unsecured subordinated debentures will be halted at the open and delisted at the close on Dec. 20, 2022. According to the TSX, the company will redeem the debentures on Dec. 20, 2022, for $1,024.65 per $1,000 principal amount, representing $1,000 principal amount and $24.65 for accrued and unpaid interest thereon to, but excluding, the redemption date.
The TSX reports that the holders of the debentures have the option to convert their debentures into common shares of the company at any time before the close on Dec. 19, 2022, at $4.55 per share. This conversion price represents a conversion rate of approximately 219.7802 per $1,000 principal amount of debentures. Trades in the debentures on Dec. 16, 2022, and Dec. 19, 2022, will settle on Dec. 19, 2022.vvvvvvv