Holloway Lodging Real Estate Investment Trust announces monthly distribution

Holloway Lodging Real Estate Investment Trust (TSX: HLR.UN) (“Holloway” or the “REIT”) announced today a distribution of $0.045 per unit for the month of February 2008, payable on or before March 14, 2008 to unitholders of record on February 29, 2008.

Holders of units who are non-residents of Canada will be required to pay all withholding taxes payable in respect of any distributions of income by the REIT.

The REIT also announced that the holders of Class B limited partnership units of Holloway Lodging Limited Partnership (a subsidiary of the REIT) shall receive $0.045 per limited partnership unit for the month of February payable on or before March 14, 2008.

The REIT has 38,819,817 units issued and outstanding and 333,500 Class B limited partnership units of Holloway Lodging Limited Partnership issued and outstanding (each of which is exchangeable for one REIT unit). After giving effect to the exchange of the Class B limited partnership units, there are an aggregate of 39,153,317 REIT units issued and outstanding.

ABOUT HOLLOWAY LODGING REAL ESTATE INVESTMENT TRUST

Holloway is a real estate investment trust focused on acquiring, owning and operating select and limited service lodging properties and a small complement of full service hotels primarily in secondary, tertiary and suburban markets and providing investors with stable distributions. Holloway currently owns 22 hotels with 2,424 rooms. Holloway’s units and convertible debentures trade on the Toronto Stock Exchange under the symbols HLR.UN, HLR.DB and HLR.DB.A, respectively.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: