/NOT FOR DISTRIBUTION ON U.S. WIRE SERVICES OR FOR DISSEMINATION IN THE
HALIFAX, June 21 /CNW/ - Holloway Lodging Real Estate Investment Trust
(TSXV: HLR.UN) ("Holloway" or the "REIT") announced today a distribution of
$0.0375 per unit for the month of June 2007, payable on or before July 13,
2007 to unitholders of record on June 29, 2007.
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
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 $0.0375 per limited partnership unit for the month of June payable on
or before July 13, 2007.
The REIT has 16,640,000 units issued and outstanding which, together with
437,000 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 17,077,000 REIT units issued and outstanding.
ABOUT HOLLOWAY LODGING REAL ESTATE INVESTMENT TRUST
Holloway is a real estate investment trust listed as a Tier 2 issuer on
the TSX Venture Exchange with the objective of acquiring and improving a
growing portfolio of lodging properties with stable cash distributions.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this press release.
For further information:
For further information: Mr. Glenn Squires, Chief Executive Officer of
the REIT; Tracy Sherren, Chief Financial Officer of the REIT, (902) 457-1907