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American Hotel Income Properties REIT LP Announces Normal Course Issuer Bid and Automatic Securities Purchase Plan
VANCOUVER, British Columbia, Dec. 23, 2025 (GLOBE NEWSWIRE) -- American Hotel Income Properties R...
About this update from American Hotel Income Properties Reit Lp
[{"type":"text","content":"American Hotel Income Properties REIT LP Announces Normal Course Issuer Bid and Automatic Securities Purchase Plan\nVANCOUVER, British Columbia, Dec. 23, 2025 (GLOBE NEWSWIRE) -- American Hotel Income Properties REIT LP (“AHIP”) (TSX: HOT.UN, TSX: HOT.U, TSX: HOT.DB. V), today announced that the Toronto Stock Exchange (“TSX”) has accepted its notice of intention to make a normal course issuer bid (the “NCIB”). The notice provides that AHIP may, during the twelve-month period commencing December 30, 2025 and ending December 29, 2026, purchase up to 6,801,276 units of AHIP trading under the symbols HOT.UN and HOT.U (each, a “Unit”), representing 10% of the “public float” (as defined in the TSX Company Manual) as of December 22, 2025. Daily purchases of Units under the NCIB will be limited to 10,938 Units (which is equal to 25% of the average daily trading volume of the Units on the TSX of 43,755 Units for the most recently completed six calendar months), subject to the exception for block purchases. As at December 22, 2025, there are 71,983,597 Units issued and outstanding and 68,012,766 Units in the “public float”. AHIP believes that its Units are currently trading, or due to market volatility, may trade, in a price range that does not adequately reflect their underlying value based on AHIP’s assets, business prospects and financial position. Accordingly, depending upon future price movements and other factors, AHIP may purchase outstanding Units from time to time, provided that the repurchase of Units at such market prices continue to be an appropriate use of AHIP’s resources and will benefit remaining unitholders by increasing their proportionate equity interest in AHIP. Purchases subject to the NCIB will be carried out pursuant to open market transactions through the facilities of the TSX, other designated exchanges and/or alternative Canadian trading systems by CIBC World Markets Inc. on behalf of AHIP in accordance with applicable regulatory requirements. All Units purchased by AHIP under the NCIB will be returned to treasury and cancelled. Under AHIP’s previous NCIB that commenced on December 30, 2024 and completed on November 20, 2025, AHIP sought and received approval from the TSX to acquire up to 7,521,189 Units. AHIP...