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Convertible Debentures

5.45% Convertible Subordinated Debentures

On March 13, 2017, Killam annonced that is was exercising its right to redeem all outstanding 5.45% Convertible Subordinated Debentures. 

The redemption date for the Debentures will be April 13, 2017 (the "Redemption Date"). The redemption payment amount will be $1,015.379 for each $1,000 principal amount of Debentures, being equal to the aggregate of (i) $1,000, and (ii) all accrued and unpaid interest thereon to but excluding the Redemption Date (collectively, the " Redemption Price"), will be paid in cash on the Redemption Date. 

The Redemption Price will be payable upon presentation and surrender of the Debentures at the following corporate trust office: Computershare Trust Company of Canada, 100 University Avenue, 8th Floor, North Tower, Toronto, Ontario, M5J 2Y1.

The interest upon the principal amount of Debentures called for redemption shall cease to be payable from and after the Redemption Date.



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 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

Prince Edward Island