MISSISSAUGA, ON, Jan. 4, 2023 /CNW/ - R&R Real Estate Investment Trust (TSXV: RRR.UN) (the "REIT") announces today that in order to comply with evolving TSX Venture Exchange ("TSXV") rules relating to security-based compensation, it has terminated its unit issuance plan for non-executive trustees, which allowed non-executive trustees to elect to receive all or a portion of their trustee retainer fees in units of the REIT, rather than in cash. In lieu of the unit issuance plan, the REIT has instead entered into units for services agreements with each of its non-executive trustees who wish to receive all or a portion of their trustee retainer fees for the 2022 year in units, rather than in cash. The units for services agreements with each such non-executive trustee, which have been conditionally approved by the TSXV, set out the dollar amount of trustee fees to be paid in units. Details regarding the amount elected by each of the non-executive trustees are set out below:
Read more at newswire.caR&R REIT Replaces its Unit Issuance Plan with Units for Services Agreements with its Non-Executive Trustees
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