BOSTON, June 23, 2015 (GLOBE NEWSWIRE) -- Winthrop Realty Trust (NYSE:FUR) ("Winthrop") announced it has notified the trustee of its outstanding 7.75% Senior Notes due 2022 (the "Senior Notes") that it will redeem the Senior Notes in full effective August 15, 2015 (the "Redemption Date") against presentation thereof. The aggregate redemption price payable on such date is $72,635,081.42 (or $25.484375 per $25.00 face amount Senior Note) which represents the face amount of the Senior Notes outstanding (less Senior Notes held by Winthrop) plus accrued and unpaid interest thereon to, but not including, the Redemption Date. In accordance with the indenture governing the Senior Notes, the redemption price will be paid on August 17, 2015, the first business day following the redemption date, and interest on the Senior Notes will cease to accrue as of the Redemption Date.
This press release corrects the previously issued press release with respect to the redemption of the Senior Notes to clarify that the redemption price is payable to holders on the Redemption Date and not a record date.
About Winthrop Realty Trust
Winthrop, headquartered in Boston, Massachusetts, is a NYSE-listed real estate investment trust (REIT). In August 2014, Winthrop's shareholders adopted a plan of liquidation pursuant to which Winthrop is liquidating and winding down and, in connection therewith, is seeking to sell its assets in an orderly fashion to maximize shareholder value. For more information, please visit our web-site at www.winthropreit.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995. With the exception of the historical information contained in this news release, the matters described herein contain "forward-looking" statements that involve risk and uncertainties that may individually or collectively impact the matters herein described. These are detailed from time to time in the "Risk Factors" section of the Company's SEC reports. Further information relating to the Company's financial position, results of operations, and investor information is contained in the Company's annual and quarterly reports filed with the SEC and available for download at its website www.winthropreit.com or at the SEC website www.sec.gov.