MISSISSAUGA, ON, Nov. 12, 2015 /CNW/ – R&R Real Estate Investment Trust (TSXV: RRR.UN) (the “REIT”) announces today that it has issued 360,116 units to its non-executive trustees at a price of $0.165 per unit in accordance with the REIT’s Non-Executive Trustee Issuance Plan pursuant to which non-executive trustees can receive 100% of their 2014 and 2015 base annual retainer and certain other retainers in REIT units. The REIT units that were issued are subject to a 4 month hold period.
About R&R REIT
R&R REIT is an open-ended real estate investment trust focused on increasing unitholder value through the acquisition and ownership of hotel properties located in the United States.
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SOURCE R&R Real Estate Investment Trust