MISSISSAUGA, ON, Dec. 9, 2016 /CNW/ - R&R Real Estate Investment Trust (TSXV: RRR.UN) (the "REIT") announces today that it has issued 374,568 units to its non-executive trustees at a price of $0.16 per unit in accordance with the REIT's Non-Executive Trustee Issuance Plan pursuant to which non-executive trustees can receive 100% of their 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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE R&R Real Estate Investment Trust
For further information: Bob Choo, Chief Financial Officer, R&R Real Estate Investment Trust, 905-206-7102, or e-mail firstname.lastname@example.org