INDEPENDENT NEWS

Purchase Of 2005 Capital Notes

Published: Mon 11 Apr 2005 02:25 PM
11 April 2005
MEDIA RELEASE
Purchase Of 2005 Capital Notes
On 15 April 2005, Capital Properties will purchase 2005 Capital Notes with an aggregate principal amount of $56,884,614, from Noteholders who have elected to have those 2005 Notes purchased by Capital Properties.
Capital Properties will pay to the Noteholders for each such 2005 Note an amount equal to the aggregate of the principal amount, accrued interest and unpaid interest (if any) as at 15 April 2005.
Capital Properties will not be exercising its option to purchase any 2005 Notes which the relevant Noteholders have (or are deemed to have) elected to extend on new terms.
ENDS

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