09:41 AM EST, 01/16/2025 (MT Newswires) -- Choice Properties Real Estate Investment Trust (CHP-UN.TO) on Thursday said it completed its previously announced issuance of $300 million aggregate principal amount of series V senior unsecured debentures bearing 4.293% per annum and maturing on Jan. 16, 2030.

The company intends to use proceeds to repay certain amounts drawn on its revolving credit facility which were used to repay upon maturity its $350 million aggregate principal amount of 3.546% series J senior unsecured debentures, and for general business purposes.

In another press release, the company declared a cash distribution for January of $0.063333 per unit, payable on Feb. 18, to unitholders of record at the close of business on Jan. 31.

The latest cash distribution is unchanged from the prior month.

Shares of the company were last seen down $0.03 at $13.13 in early morning trade on the Toronto Stock Exchange.

Price: 13.13, Change: -0.03, Percent Change: -0.23