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AMERICAN HOTEL INCOME PROPERTIES REIT LP ANNOUNCES FEBRUARY 2022 U.S. DOLLAR CASH DISTRIBUTION
AMERICAN HOTEL INCOME PROPERTIES REIT LP ANNOUNCES FEBRUARY 2022 U.S. DOLLAR CASH DISTRIB...
About this update from American Hotel Income Properties Reit Lp
[{"type":"text","content":"\n \n \n \n AMERICAN HOTEL INCOME PROPERTIES REIT LP ANNOUNCES FEBRUARY 2022 U.S. DOLLAR CASH DISTRIBUTION\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n (numbers are in U.S. dollars unless otherwise indicated)\n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Feb. 15, 2022\n \n \n /CNW/ - American Hotel Income Properties REIT LP (\"AHIP\") (TSX: HOT.UN, HOT.U, and HOT.DB.V) announced today a U.S. dollar cash distribution of\n \n $0.015\n \n per limited partnership unit (\"Unit\") for\n \n February 2022\n \n ; equivalent to U.S. dollar\n \n $0.18\n \n per Unit on an annualized basis. The distribution will be paid\n \n March 15, 2022\n \n to unitholders of record at the close of business on\n \n February 28, 2022\n \n .\n \n \n \"We are pleased to implement the return of our monthly distribution. As one of the first North American hospitality REITs to reinstate its distribution following the global pandemic, AHIP and its portfolio have demonstrated the resilience of the premium-branded select service hotel operating model during this period of unpredictable demand levels.\" said\n \n Jonathan Korol\n \n , CEO. Mr. Korol continued, \"Today's announcement is a signal to the marketplace of the confidence that management and our Board of Directors has in the recovery, sustainability and growth of our business.\"\n \n \n The reinstatement of AHIP's distribution policy was approved by AHIP's Board of Directors in\n \n November 2021\n \n , as previously announced by AHIP on\n \n November 9, 2021\n \n . Subject to ongoing approvals by the Board of Directors, AHIP intends to pay cash distributions on or about the 15\n \n th\n \n day of each month to the unitholders of record on the last trading day of the immediately preceding month.\n \n \n \n ABOUT AMERICAN HOTEL INCOME PROPERTIES REIT LP\n \n \n \n American Hotel Income Properties REIT LP (TSX: HOT.UN, TSX: HOT.U, TSX: HOT.DB.V), or AHIP, is a limited partnership formed to invest in hotel real estate properties across\n \n the United States\n \n . AHIP's premium branded, select-...