InnVest Real Estate Investment Trust Announces Monthly Distribution
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 03/19/12 -- InnVest Real Estate Investment Trust (TSX: INN.UN) announced today that a distribution of $0.0333 per stapled unit, payable on April 16, 2012, has been declared to the holders of record as at the close of business March 30, 2012. The distribution is $0.0333 per unit of InnVest Real Estate Investment Trust.
TRUST PROFILE
InnVest Real Estate Investment Trust (the "REIT") is an unincorporated open-ended real estate investment trust which owns a portfolio of 143 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'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: 19.03.2012 - 15:27 Uhr
Sprache: Deutsch
News-ID 1094223
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contact information:
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TORONTO, ONTARIO
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Kategorie:
Commercial Real Estate
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