R&R REIT Issues Units to its Non-Executive Trustees
12 November 2015 - 5:34PM
PR Newswire (Canada)
MISSISSAUGA, ON, Nov. 12, 2015 /CNW/ - R&R Real Estate
Investment Trust (TSXV: RRR.UN) (the "REIT") announces today that
it has issued 360,116 units to its non-executive trustees at a
price of $0.165 per unit in
accordance with the REIT's Non-Executive Trustee Issuance Plan
pursuant to which non-executive trustees can receive 100% of their
2014 and 2015 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 2015 Canada NewsWire
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