InnVest Real Estate Investment Trust
TSX : INN.UN

InnVest Real Estate Investment Trust

February 17, 2011 12:25 ET

InnVest Real Estate Investment Trust Announces Monthly Distribution

TORONTO, ONTARIO--(Marketwire - Feb. 17, 2011) - InnVest Real Estate Investment Trust (TSX:INN.UN) announced today that a combined distribution of $0.0417 per stapled unit, payable on March 15, 2011, has been declared to the holders of record as at the close of business March 1, 2011. The combined distribution is made up of a distribution of $0.035445 per unit of InnVest Real Estate Investment Trust and $0.006255 per non-voting unit of InnVest Operations Trust.

TRUST PROFILE

InnVest Real Estate Investment Trust ("InnVest 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. InnVest REIT leases its hotels to InnVest Operations Trust ("IOT"), a taxable trust. IOT directly and indirectly holds all of the hotel operating assets, earns revenues from hotel customers and pays rent to InnVest REIT. IOT also holds a 50% interest in Choice Hotels Canada Inc., the largest franchisor of hotels in Canada, and earns revenues from franchising fees.

Each issued and outstanding InnVest 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 REIT's convertible debentures trade on the TSX under the symbols INN.DB.B, INN.DB.C, INN.DB.D and INN.DB.E.

Contact Information

  • InnVest Real Estate Investment Trust
    Kenneth Gibson
    President and Chief Executive Officer
    (905) 206-7100
    (905) 206-7114 (FAX)
    or
    InnVest Real Estate Investment Trust
    Tamara Lawson
    Chief Financial Officer and Corporate Secretary
    (905) 206-7100
    (905) 206-7114 (FAX)
    www.innvestreit.com