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American Hotel Income Properties REIT LP Announces January 2019 U.S. Dollar Cash Distribution
American Hotel Income Properties REIT LP Announces January 2019 U.S. Dollar Cash Distribut...
About this update from American Hotel Income Properties Reit Lp
[{"type":"text","content":"\n\n\n\nAmerican Hotel Income Properties REIT LP Announces January 2019 U.S. Dollar Cash Distribution\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\nCanada NewsWire\nVANCOUVER, Jan. 15, 2019\n\n\n\nVANCOUVER, Jan. 15, 2019 /CNW/ - American Hotel Income Properties REIT LP (\"AHIP\", \"the Company\") (TSX: HOT.UN, HOT.U, and HOT.DB.U) announced today a cash distribution of US$0.054 per limited partnership unit (\"Unit\") for the period of January 1, 2019 to January 31, 2019, which is equivalent to US$0.648 per Unit on an annualized basis. The distribution will be paid on February 15, 2019 to unitholders of record at the close of business on January 31, 2019.  \nThe 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.\nThe Company is also pleased to confirm that for 2019, based on AHIP's estimates of taxable income, 40% of AHIP's distributions are expected to continue to be considered return of capital and 60% are expected to continue to be considered taxable.  Unitholders and potential investors should consult their own tax advisors for advice with respect to the tax consequences of an investment in Units based on their particular circumstances.\nABOUT AMERICAN HOTEL INCOME PROPERTIES REIT LP\nAmerican Hotel Income Properties REIT LP (TSX: HOT.UN; HOT.U and HOT.DB.U), or AHIP, is a limited partnership formed to invest in hotel real estate properties located substantially in the United States. AHIP currently has 112 hotels, and is engaged in growing its portfolio of premium branded, select-service hotels in larger secondary markets that have diverse and stable demand. AHIP hotels operate under brands affiliated with Marriott, Hilton, IHG, Wyndham and Choice Hotels through license agreements.  The company's long-term objectives are to build on its proven track record of successful investment, deliver reliable and consistent U.S. dollar denominated distributions to unitholders, and generate value through the continued growth of its diversified hot...