InnVest Real Estate Investment Trust Announces Monthly Distribution
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 08/12/11 -- InnVest Real Estate Investment Trust (TSX: INN.UN) announced today that a distribution of $0.0417 per stapled unit, payable on September 15, 2011, has been declared to the holders of record as at the close of business August 31, 2011. The distribution is $0.0417 per unit of InnVest Real Estate Investment Trust.
InnVest has suspended its distribution reinvestment plan ("DRIP") until further notice. The decision to suspend the DRIP will not impact the application of the DRIP to the distribution declared on July 19, 2011 and payable on August 15, 2011.
TRUST PROFILE
InnVest Real Estate Investment Trust (the "REIT") is an unincorporated open-ended real estate investment trust which owns a portfolio of 144 hotels across Canada representing approximately 19,000 guest rooms operated under internationally recognized brands. The REIT leases its hotels to InnVest Operations Trust ("IOT"), a taxable investment trust. IOT indirectly holds all of the hotel operating assets, earns revenues from hotel customers and pays rent to the REIT. IOT also holds a 50% interest in Choice Hotels Canada Inc., one of the largest franchisors of hotels in Canada, and earns revenues from franchising fees.
Each issued and outstanding REIT unit trades together with a non-voting unit of IOT as a "stapled unit" on the Toronto Stock Exchange (the "TSX") under the symbol INN.UN. InnVest REIT's convertible debentures trade on the TSX under the symbols INN.DB.B, INN.DB.C, INN.DB.D, INN.DB.E and INN.DB.F.
Contacts:
InnVest Real Estate Investment Trust
Kenneth Gibson
President and Chief Executive Officer
(905) 206-7100
(905) 206-7114 (FAX)
InnVest Real Estate Investment Trust
Tamara Lawson
Chief Financial Officer and Corporate Secretary
(905) 206-7100
(905) 206-7114 (FAX)
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Datum: 12.08.2011 - 06:00 Uhr
Sprache: Deutsch
News-ID 1030094
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Kategorie:
Commercial Real Estate
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