January 24, 2018 / 9:23 PM / a year ago

BRIEF-Morguard North American Residential REIT Announces $70 Mln Offering Of Convertible Debentures

Jan 24 (Reuters) - Morguard North American Residential Real Estate Investment Trust:

* MORGUARD NORTH AMERICAN RESIDENTIAL REIT ANNOUNCES $70 MILLION OFFERING OF CONVERTIBLE DEBENTURES

* MORGUARD NORTH AMERICAN RESIDENTIAL REIT - ‍AS PART OF TRANSACTION, MORGUARD CORPORATION HAS AGREED TO PURCHASE $5 MILLION OF DEBENTURES BEING OFFERED​

* MORGUARD NORTH AMERICAN RESIDENTIAL - ‍REIT TO USE NET PROCEEDS TO FUND REDEMPTION OF ALL OF REIT’S 4.65% CONVERTIBLE UNSECURED SUBORDINATED DEBENTURES Source text for Eikon: Further company coverage:

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