R&R REIT Issues Units to its Non-Executive Trustees and Deferred Units to an Executive Officer
December 02 2020 - 6:35PM
PR Newswire (Canada)
MISSISSAUGA, ON, Dec. 2, 2020 /CNW/ - R&R Real Estate
Investment Trust (TSXV: RRR.UN) (the "REIT") announces today that
it has issued 976,750 trust units to its non-executive trustees at
a price of $0.04 per trust 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 trust units.
The trust units that were issued are subject to a 4 month hold
period. The REIT also announces today that it has issued 490,350
deferred trust units to an executive officer at a price of
$0.04 per deferred trust unit in
accordance with the REIT's long-term incentive plan. One third of
the deferred trust units granted will vest annually on the
anniversary of the award date.
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
Copyright 2020 Canada NewsWire
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