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F.W. WOOLWORTH CO. LIMITED TO REDEEM 10 PERCENT SINKING FUND DEBENTURES

F.W. WOOLWORTH CO. LIMITED TO REDEEM 10 PERCENT SINKING FUND DEBENTURES
 TORONTO, Aug. 24 /PRNewswire/ -- F.W. Woolworth Co. Limited announced today that it will redeem its 10 percent sinking fund debentures due Jan. 31, 2003, at 103.70 percent of their principal amount, plus accrued interest. The redemption date will be Oct. 1, 1992. Approximately C$41 million of the debentures are outstanding.
 Formal notice of redemption will be published in The Globe and Mail and will be sent to debenture holders shortly. The Royal Trust Company, trustees for the debenture holders, will act as paying agent for the redemption.
 F.W. Woolworth Co. Limited operates more than 580 stores across Canada, including 330 Woolco, Woolworth and Robinson's general merchandise stores, and 250 specialty stores, which operate under the names Northern Reflections, Northern Traditions, Northern Getaway, Ashbrooks and The Best of Times.
 The company is a wholly owned subsidiary of Woolworth Corporation (NYSE, TSE: Z), the large New York-based multinational retailer. Woolworth Corporation, with annual revenues of approximately US$10 billion, operates more the 8,600 stores worldwide, including some 6,900 specialty stores and 1,700 general merchandise stores in 11 countries -- the United States, Canada, Mexico, Germany, England, Belgium, France, Italy, Luxembourg, the Netherlands, and Australia.
 -0- 8/24/92
 /CONTACT: Frances E. Trachter of Woolworth, 212-553-2394/
 (Z) CO: F.W. Woolworth Co. Limited; Woolworth Corporation ST: New York, Ontario IN: REA SU:


GK -- NY045 -- 2583 08/24/92 12:19 EDT
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Publication:PR Newswire
Date:Aug 24, 1992
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