Dream Impact Trust - 5.75% Convertible Debenture New Issue

This is only a sample of the article, please login to view the entire article

Dream Impact Trust(MPCT.UN) has issued $40M of 5.75% Convertible Debentures maturing Dec-31-2027. The conversion price is $8 compared to the current price for MPCT.UN of $5.95.

The Debentures are not redeemable before Dec-31-2025. From Dec-31-2025 to Dec-31-2026 providing the common share price is at least 125% of the conversion price. After Dec-31-2026 the debenture is redeemable at par.

(Added to Convertible Debentures Jun-10-2022)

You must be a member to view the entire article, please subscribe or login