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American Hotel Income Properties REIT LP Announces January 2020 U.S. Dollar Cash Distribution
American Hotel Income Properties REIT LP Announces January 2020 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 2020 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, 2020\n\n\n\nVANCOUVER, Jan. 15, 2020 /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, 2020 to January 31, 2020, which is equivalent to US$0.648 per Unit on an annualized basis. The distribution will be paid on February 14, 2020 to unitholders of record at the close of business on January 31, 2020.  \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.\nAHIP is also pleased to confirm that for 2020, based on the Company's estimates of taxable income, 40% of AHIP's distributions will continue to be considered return of capital and 60% will 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, TSX: HOT.U, TSX: HOT.DB.U), or AHIP, is a limited partnership formed to invest in hotel real estate properties across the United States. AHIP's portfolio of 79 premium branded, select-service hotels are located in secondary metropolitan markets that benefit from 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 hotel portfolio.  More information is available at www.ahiprei...