InnVest also announced today that it has amended its distribution reinvestment plan ("DRIP") to provide it discretion to purchase Units on the open market or to be issued from treasury. If InnVest elects to issue Units from treasury, unitholders who elect to participate in the DRIP will receive 3% bonus units in addition to any Units issued to them under the DRIP. The amendments to the DRIP will be effective commencing with the distribution to be made by InnVest in
Unitholders are encouraged to contact their broker or other intermediary for enrollment information. The DRIP is subject to certain limitations and restrictions and interested parties are encouraged to review the full text of the DRIP. The DRIP will be available on InnVest's website at www.innvestreit.com.
InnVest is an unincorporated open-ended real estate investment trust which owns a portfolio of 115 hotels across
InnVest's units and convertible debentures trade on the
FOR FURTHER INFORMATION PLEASE CONTACT:
InnVest Real Estate Investment Trust Chantal NappertVice President, Finance and Investor Relations (905) 624-7806 (905) 206-7114 (FAX) www.innvestreit.com Source: InnVest Real Estate Investment Trust