SOURCE: American Hotel Income Properties REIT LP

American Hotel Income Properties REIT LP

April 18, 2016 18:00 ET

American Hotel Income Properties REIT LP Announces April 2016 U.S. Dollar Cash Distribution and Schedules Q1 2016 Financial Results Conference Call

VANCOUVER, BC--(Marketwired - April 18, 2016) -  American Hotel Income Properties REIT LP ("AHIP") (TSX: HOT.UN) (OTCQX: AHOTF) announced today a cash distribution of US$0.054 per limited partnership unit ("Unit") for the period of April 1, 2016 to April 30, 2016, which is equivalent to US$0.648 per Unit on an annualized basis. The distribution will be paid on May 13, 2016 to unitholders of record at the close of business on April 29, 2016.

As announced on January 22, 2016, AHIP's Board of Directors approved a change to a U.S. dollar denominated distribution effective April 2016 to, among other things, better align distributions with AHIP's cash flows, which are all currently generated in the United States. 

Unitholders who are interested in receiving distributions in Canadian dollars may wish to speak with their broker or other intermediary about currency conversion options.

The policy of AHIP is to pay cash distributions on or about the 15th day of each month to the unitholders of record on the last business day of the preceding month.

Q1 2016 FINANCIAL RESULTS CONFERENCE CALL

AHIP intends to release its financial results for the three months ended March 31, 2016, after the close of the Toronto Stock Exchange on Thursday May 12, 2016.

Management will host a conference call at 4:00 p.m. (Eastern), 1:00 p.m. (Pacific) on Friday May 13, 2016 to review the financial results and corporate results for the three months ended March 31, 2016.

To participate in this conference call, please dial one of the following numbers approximately 10 minutes prior to the commencement of the call, and ask to join the AHIP conference call.

     
Dial in numbers: Toll free: 1-877-291-4570
  International or local Toronto 1-647-788-4919
     

CONFERENCE CALL REPLAY

If you cannot participate on Friday, May 13, 2016, a replay of the conference call will be available by dialing one of the following replay numbers. You will be able to dial in and listen to the conference call replay two hours after the call end time, and the replay will be available until Friday, May 20, 2016. An audio recording of this conference call will also be available at www.ahipreit.com under the "Investor Info/Presentations & Calls" tab.

Please enter replay PIN number 91255614 followed by the # key.

     
Replay dial in numbers: Toll free: 1-800-585-8367
  International or local Toronto 1-416-621-4642
     

ABOUT AMERICAN HOTEL INCOME PROPERTIES REIT LP

AHIP is a limited partnership formed under the Limited Partnerships Act (Ontario) to invest in hotel real estate properties located substantially in the United States and engaged in rail crew accommodation, transportation, and select-service lodging sectors. AHIP's long-term objectives are to: (i) generate stable and growing cash distributions from hotel properties substantially in the U.S.; (ii) enhance the value of its assets and maximize the long-term value of the hotel properties through active management; and (iii) expand its asset base and increase its AFFO per Unit through an accretive acquisition program, participation in strategic development opportunities and improvements to its properties through targeted value-added capital expenditure programs.

ADDITIONAL INFORMATION

Additional information relating to AHIP, including its other public filings, is available on SEDAR at www.sedar.com and on AHIP's website at www.ahipreit.com.

THE TORONTO STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR THE ACCURACY OF THIS NEWS RELEASE.

Contact Information

  • For further information, please contact:

    Andrew Greig
    Investor Relations
    American Hotel Income Properties REIT LP
    Suite 1660 - 401 West Georgia Street
    Vancouver, B.C. V6B 5A1
    Phone: 604-633-2857
    Email: agreig@ahipreit.com