The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from Marketwire

InnVest Real Estate Investment Trust Announces Monthly Distribution

Wednesday, June 20, 2012

InnVest Real Estate Investment Trust Announces Monthly Distribution16:58 EDT Wednesday, June 20, 2012TORONTO, ONTARIO--(Marketwire - June 20, 2012) - InnVest Real Estate Investment Trust (TSX:INN.UN) announced today that a distribution of $0.0333 per stapled unit, payable on July 16, 2012, has been declared to the holders of record as at the close of business June 29, 2012. The distribution is $0.0333 per unit of InnVest Real Estate Investment Trust.TRUST PROFILEInnVest Real Estate Investment Trust (the "REIT") is an unincorporated open-ended real estate investment trust which owns a portfolio of 140 hotels across Canada representing approximately 18,400 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.FOR FURTHER INFORMATION PLEASE CONTACT: Chantal NappertInnVest Real Estate Investment TrustExecutive Director, Investor Relations(905) 624-7806(905) 206-7114 (FAX)