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AYD CONVERTIBLE DEBENTURE INVESTMENTS
8.8% Convertible Secured Debentures - Overview
Aydon Income Properties, Inc. is a public real estate investment company listed on the Canadian Securities Exchange (the "CSE: AYD").
Aydon is currently seeking up to $5 million investment by way of secured Convertible Debentures yielding 8.8% interest payable quarterly. The Debentures are convertible to equity in Aydon's common shares at 30, 40 and 50 cents within each year prior to the maturity.
Investment Offering - Term Sheet
Issuer: Aydon Income Properties Inc. (“Aydon” or the “Company”)
Issue: Private Placement of Convertible Secured Debentures (the “Debentures”)
Issue Price: USD $1,000 per Debenture
Amount: USD $5,000,000
Currency: United States Dollars (“USD”), unless indicated otherwise.
Interest: Simple 8.8% annual interest payable quarterly in arrears on March 31, June 30, September 30 and December 31 in each year (each an “Interest Payment Date”) commencing on the first quarter after the Closing Date.
Underlying Securities: Common Shares of Aydon Income Properties Inc. (the “Shares”) currently listed on the Canadian Securities Exchange (“CSE”) under the symbol “AYD”
Use of Proceeds: The Company intends to use the net proceeds from the Offering to fund the continued expansion of its business. More specifically, the Company will use the net proceeds from the Offering to directly acquire units in its AIP Limited Partnership
Conversion Price: The Conversion Price will be in CANADIAN DOLLARS at the exchange rate current at the time of the conversion at CAD $0.30 per Share prior to 4:00pm on the last day of the 12th month after the Closing Date and CAD $0.40 per Share after the start of the 13th month after the Closing Date and prior to 4:00pm on the last day of the 36th month after the Closing Date and CAD $0.50 per Share after the start of the 37th month after the Closing Date and prior to 4:00pm on the 20th day of the 60th month after the Closing Date (10 trading days prior to Maturity Date).
Maturity Date: The Corporation will be issuing the Debentures in tranches at various closing dates. The Maturity Date will be on the last day of the 60th Month after the Closing Date.
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Aydon Income Properties, Inc.
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202 - 5626 Larch Street
Vancouver, BC, V6M 4E1
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