InStorage Real Estate Investment Trust
TSX VENTURE : IS.UN

InStorage Real Estate Investment Trust

February 09, 2007 19:03 ET

InStorage REIT Announces Grant of Options

TORONTO, ONTARIO--(Marketwire - Feb. 9, 2007) -

Attention Business Editors:

InStorage Real Estate Investment Trust (the "REIT") (TSX VENTURE:IS.UN) announced today that it has granted options to purchase an aggregate of 2,000,000 trust units of the REIT to certain of its officers and employees. The grant was made by unanimous resolution passed at the regularly scheduled meeting of the Board of Trustees of the REIT on January 25, 2007. The options are exercisable at a price of $1.55 per unit of the REIT, expire on January 25, 2017, and vest as to 1/3 on each of the date of grant and the first and second anniversaries thereof.

InStorage Real Estate Investment Trust

The REIT is an unincorporated open-ended real estate investment trust that invests primarily in self-storage properties and ancillary businesses throughout Canada. The REIT indirectly owns and/or operates 20 self-storage properties located in Ontario and Alberta.

Additional information concerning the REIT may be obtained on the REIT's website, www.instoragereit.ca, and on the SEDAR website at www.sedar.com, under the REIT's profile.

Contact Information

  • InStorage Real Estate Investment Trust
    T. James Tadeson
    Chief Executive Officer
    (416) 867-9705
    Website: www.instoragereit.ca