American Hotel Income Properties REIT LP Announces September 2013 Cash Distribution
September 20 2013 - 5:40PM
OTC Markets
American Hotel Income Properties REIT LP Announces September 2013
Cash Distribution
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American Hotel Income Properties REIT LP Announces September 2013
Cash Distribution
PR Newswire
VANCOUVER, Sept. 20, 2013
VANCOUVER, Sept. 20, 2013 /PRNewswire/ - American Hotel
Income Properties REIT
LP ("AHIP") (Toronto Stock Exchange: HOT.UN; OTCQX: AHOTF)
announced
today the cash distribution of Cdn$0.075 per limited partnership unit
("Unit") of AHIP for the period of September
1, 2013 to September 30,
2013, which is equivalent to Cdn$0.90 per Unit on an annualized
basis.
The distribution will be paid on October 15,
2013 to unitholders of
record at the close of business on September
30, 2013. There are
currently 10,405,000 Units issued and outstanding.
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.
About American Hotel Income Properties REIT LP
AHIP is a limited partnership formed under the Limited Partnership
Act
(Ontario) to invest in hotel real
estate properties located
substantially in the United States
and engaged primarily in the
railroad employee accommodation, transportation, and
contract-focused
lodging sectors. AHIP's long-term objectives are to: (i)
generate
stable and growing cash distributions from hotel properties
substantially in the US; (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
Adjusted
Funds From Operations ("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 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.
SOURCE American Hotel Income Properties REIT LP
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