Whiterock Real Estate Investment Trust T.WRK.DB.K

RE: Convertible debentures : Usul

[alder]

Hi Usul : Yes, I've noticed this. I don't think there's been any offered for quite sometime - perhaps over three weeks. I own some debentures, would like to get more, but the current price of the trust unit has driven the apparent price of the debenture up dramatically. ie the conversion price on the debenture is $2.55 per trust unit. At a price of $3.40, this would make the value of a debenture over $1300, I think ie [(3.40)*(1000/2.55)] Mind you, you can't convert the debentures into trust units until after the second anniversary of the issue date. Cheers Alder Has anyone checked the quote on the debentures recently? Is anyone seeing that there isn't anything listed as the ask price? -Usul