TORONTO, ONTARIO--(Marketwire - Dec. 19, 2011) - InnVest Real Estate Investment Trust (TSX:INN-UN.TO - News) announced today that a distribution of $0.0333 per stapled unit, payable on January 16, 2012, has been declared to the holders of record as at the close of business December 30, 2011. 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 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'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
Kenneth Gibson
InnVest Real Estate Investment Trust
President and Chief Executive Officer
(905) 206-7100
(905) 206-7114 (FAX)
Tamara Lawson
InnVest Real Estate Investment Trust
Chief Financial Officer and Corporate Secretary
(905) 206-7100
(905) 206-7114 (FAX)
www.innvestreit.com