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Convertible Debentures

5.65% Convertible Subordinated Debentures

Ticker: KMP.DB.A

Interest Rate: 5.65%

InterestPayments: Semi-annually in arrears on May 31 and November 30

Issue Date: November 30, 2010

Maturity Date: November 30, 2017

Principal Amount: $57,500,000

Redeemable: The Debentures are redeemable at the option of Killam Properties Inc. after November 30, 2013 and on or before November 30, 2015 (provided that the Current Market Price of the common shares of the Corporation on the date on which the notice of redemption is given is not less than 125% of the Conversion Price) and after November 30, 2015 and before maturity, in each case upon not more than 60 days and not less than 30 days prior written notice at a redemption price of $1,000 per Debenture plus accrued and unpaid interest thereon, if any.

Conversion: At the option of the holder at a conversion price of $13.40 per common share.

Trust Indenture

Short Form Prospectus

 

5.45% Convertible Subordinated Debentures

Ticker: KMP.DB.B

Interest Rate: 5.45%

Interest Payments: Semi-annually in arrears on June 30 and December 31

Issue Date: June 2, 2011

Maturity Date: June 30, 2018

Principal Amount: $46,000,000

Redeemable: The Debentures are redeemable at the option of Killam Properties Inc. after June 30, 2014 and on or before June 30, 2016 (provided that the Current Market Price of the common shares of the Corporation on the date on which the notice of redemption is given is not less than 125% of the Conversion Price) and after June 30, 2016 and before maturity, in each case upon not more than 60 days and not less than 30 days prior written notice at a redemption price of $1,000 per Debenture plus accrued and unpaid interest thereon, if any.

Conversion: At the option of the holder at a conversion price of $14.60 per common share.

Short Form Prospectus

Supplemental Trust Indenture
 

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