R&R REIT Issues Units to its Non-Executive Trustees
10 December 2016 - 4:39AM
PR Newswire (Canada)
MISSISSAUGA, ON, Dec. 9, 2016 /CNW/ - R&R Real Estate
Investment Trust (TSXV: RRR.UN) (the "REIT") announces today that
it has issued 374,568 units to its non-executive trustees at a
price of $0.16 per unit in accordance
with the REIT's Non-Executive Trustee Issuance Plan pursuant to
which non-executive trustees can receive 100% of their base annual
retainer and certain other retainers in REIT units. The REIT
units that were issued are subject to a 4 month hold period.
About R&R REIT
R&R REIT is an open-ended real estate investment trust
focused on increasing unitholder value through the acquisition and
ownership of hotel properties located in the United States.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE R&R Real Estate Investment Trust
Copyright 2016 Canada NewsWire
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