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Correcting...RE: Atlantic Shopping Centres Limited Company Update.

NOVA SCOTIA, STELLARTON--(BUSINESS WIRE)--Nov. 22, 1996-- ATL Atlantic Shopping Centres Limited has today announced its intention to redeem all of its issued and outstanding 9-1/4 percent cumulative, redeemable, retractable preferred shares, Series 1 at a redemption price of $25.00 each, plus accrued and unpaid dividends of $0.38 per share. The date fixed for redemption is December 30, 1996. The total number of shares to be redeemed is 206,175. The total redemption price will be $5,232,721.50.

Atlantic Shopping Centres Limited today also announced its intention to amalgamate with certain of its wholly owned direct and indirect subsidiaries, including Halifax Developments Limited and Canadian Shopping Centres Limited, to carry on business as Atlantic Shopping Centres Limited. The amalgamation is intended to be completed effective December 31, 1996.

CONTACT: Atlantic Shopping Centres Limited

John G. Morrow, 902/755-4440
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Copyright 1996, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Article Type:Correction Notice
Date:Nov 22, 1996
Words:144
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