WINNIPEG, Dec. 16 /CNW/ - Temple Real Estate Investment Trust ("TREIT")
(TSX Venture: TR.UN) announced that 25,000 incentive options
("Options") to purchase TREIT trust units ("Units"), exercisable at
$3.93 per Unit, were issued on December 15, 2010 to the chief financial
officer of TREIT. The Options have been issued pursuant to TREIT's
unit option plan.
The Units issued upon exercise of the Options will be subject to a
minimum hold period of four months and a day from the date of the grant
of the Options in accordance with applicable securities laws and the
policies of the TSX Venture Exchange.
TREIT is a real estate investment trust, which is listed on the TSX
Venture Exchange under the symbols TR.UN (trust units), TR.DB.A,
TR.DB.B and TR.DB.S (convertible debentures). The objective of TREIT
is to provide Unitholders with stable cash distributions from
investment in a geographically diversified Western Canadian portfolio
of hotel properties and related assets. There are currently 12,825,352
trust units outstanding. For further information on TREIT, please
visit our website at www.treit.ca.
The TSX Venture Exchange has not reviewed or approved the contents of
this press release and does not accept responsibility for the adequacy
or accuracy of this press release.
SOURCE Temple Hotels Inc.
For further information: For further information:
Arni Thorsteinson, Chief Executive Officer, or Gino Romagnoli, Investor Relations
Tel: (204) 475-9090, Fax: (204) 452-5505, Email: email@example.com