InnVest Real Estate Investment Trust

InnVest Real Estate Investment Trust

March 16, 2015 16:00 ET

InnVest Real Estate Investment Trust Announces Monthly Distribution

TORONTO, ONTARIO--(Marketwired - March 16, 2015) - InnVest Real Estate Investment Trust ("InnVest") (TSX:INN.UN) announced today that a distribution of $0.0333 per unit, payable on April 15, 2015, has been declared to the holders of record as at the close of business March 31, 2015.

InnVest offers a distribution reinvestment plan ("DRIP"). The DRIP provides eligible unitholders with the opportunity to reinvest their cash distributions, on each distribution payment date, in additional Units. The DRIP provides InnVest discretion to purchase Units on the open market or to be issued from treasury. If InnVest elects to issue Units from treasury, unitholders who elect to participate in the DRIP will receive 3% bonus units in addition to any Units issued to them under the DRIP.


InnVest Real Estate Investment Trust is an unincorporated open-ended real estate investment trust which owns a portfolio of 110 hotels across Canada representing over 15,000 guest rooms operated under internationally recognized brands. InnVest also holds a 50% interest in Choice Hotels Canada Inc., one of the largest franchisors of hotels in Canada.

InnVest's units and convertible debentures trade on the Toronto Stock Exchange (the "TSX") under the symbols INN.UN, INN.DB.E, INN.DB.F and INN.DB.G.

Contact Information

  • InnVest Real Estate Investment Trust
    Chantal Nappert
    Vice President, Finance and Investor Relations
    (905) 624-7806
    (905) 206-7114 (FAX)