TSX: CKI; CKI.DB; CKI.DB.A
HALIFAX, Oct. 30 /CNW/ - Clarke Inc. ("Clarke") announces that it has
acquired 1,451,400 units of Holloway Lodging Real Estate Investment Trust
("Holloway"), representing approximately 3.75% of the total issued and
outstanding units of Holloway and 3.71% of the voting rights attached to all
issued and outstanding securities of Holloway.
The Holloway units held by Clarke and Royal Host Real Estate Investment
Trust, together total 5,205,500 units, representing approximately 13.45% of
the total outstanding units of Holloway and 13.30% of the voting rights
attached to all issued and outstanding securities of Holloway.
The purchase of the Holloway units by Clarke was made through the
facilities of the Toronto Stock Exchange for investment purposes. Clarke may,
from time to time, acquire additional units of Holloway, dispose of some or
all of the existing or additional units of Holloway, or continue to hold the
units of Holloway in the normal course of Clarke's investment activities.
The issuance of this news release does not constitute an admission by
Clarke that it is acting jointly or in concert with Royal Host Real Estate
Investment Trust with respect to units of Holloway.
Clarke is a Halifax-based activist and catalyst investment company with a
diversified portfolio of strategic and opportunistic investments, including
several wholly-owned subsidiaries operating in the transportation services
industry. From time to time, Clarke also participates in joint ventures when
they offer the opportunity to create shareholder value. Led by George Armoyan
and an entrepreneurial team of professionals focused on uncovering and
creating value, Clarke invests in undervalued businesses and participates
actively where necessary to enhance performance and increase returns. In 2006
alone, Clarke delivered a shareholder return on investment, including
dividends, of 33%. Clarke's securities trade on the Toronto Stock Exchange
(CKI, CKI.DB; CKI.DB.A); for more information about Clarke Inc., please visit
our website at www.clarkeinc.com.
For further information:
For further information: Melinda Lee, Vice President Investments, Clarke
Inc., (902) 442-3420, Fax: (902) 423-4001