Debentures

Series Maturity Date Principal Outstanding (thousands) Coupon Interest Payment Date
I Nov 30, 2017 $125,000 5.70% May 30 & Nov 30
J Aug 30, 2018 $50,000 5.25% Feb 28 & Aug 30
K Nov 30, 2017 $100,000 4.95% May 31 & Nov 30
L Jul 30, 2019 $150,000 5.48% Jan 30 & July 30
M Apr 30, 2020 $175,000 5.60% Apr 30 & Oct 30
N Mar 01, 2021 $175,000 4.50% Mar 1 & Sep 1
O Jan 31, 2022 $150,000 4.43% Jan 31 & Jul 31
P Dec 05, 2022 $250,000 3.95% Dec 5 & Jun 5
Q Oct 30, 2023 $300,000 3.90% Apr 30 & Oct 30
R Aug 30, 2024 $300,000 4.79% Feb 28 & Aug 30
S Jul 31, 2025 $300,000 4.32% Jan 31 & Jul 31
T May 06, 2026 $300,000 3.60% May 6 & Nov 6
Interest paid semi-annually

Convertible Unsecured Subordinated Debentures Outstanding

Ticker Issue Date Maturity
Date
Original Principal
Outstanding
(thousands)
Coupon
FCR.DB.I May 22, 2012 July 31, 2019 $52,500 4.75%
FCR.DB.J Feb 19, 2013 Feb 28, 2020 $57,500 4.45%
  • All series of convertible unsecured subordinated debentures rank pari passu with each other.
  • Interest is paid semi-annually on March 31 and September 30.
  • First Capital Realty has the option of repaying the debentures on maturity (or on redemption - see below) through the issuance of common shares at 97% of the weighted average trading price of the Company's common shares. The Company also has the option of paying the semi-annual interest through the issuance of common shares using the same methodology.
  • All Debentures are issued in denominations of $1,000.
Ticker Holder Option to Convert at the Conversion Price Price Company Option to Redeem at Principal Amount (conditional 1) Company Option to Redeem at Principal Amount2
FCR.DB.I 2012-2019 $26.75
$27.75
Jul 31, 2015 - Jul 30, 2017 Jul 31, 2017 - Jul 31, 2019
FCR.DB.J 2013-2020 $26.75
$27.75
Feb 28, 2016 - Feb 27, 2018 Feb 28, 2018 - Feb 28, 2020
  1. Period of time during which the Company may redeem the debentures at their principal amount plus accrued and unpaid interest, provided that the volume weighted average trading price for the 20 consecutive trading days ending five days prior to the notice of redemption is not less than 125% of the Conversion Price, by giving between 30 and 60 days written notice.
  2. Period of time during which the Company may redeem the debentures at their principal amount plus accrued and unpaid interest by giving between 30 and 60 days written notice.

Interest Payment Dates(Last 5 Years)

Actual Interest
Payment Dates
Interest Payment
- Share Issuance Price*
2-Apr-12 $17.23
1-Oct-12 $18.47
1-Apr-13 $18.48
30-Sep-13 $16.38
31-Mar-14 $17.15
30-Sep-14 $18.07
31-Mar-15 $19.14
30-Sep-15 $17.68
31-Mar-16 $19.56
30-Sep-16 $21.53
31-Mar-17 $19.64

* 97% of the volume weighted average trading price of the Company's common shares on the TSX for the 20 consecutive trading days ending five days prior to the interest payment date.

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