Royal Host Real Estate Investment Trust (“Royal Host” or the “Trust”) today announced that it has acquired ownership of 3,140,000 trust units of InnVest Real Estate Investment Trust (“InnVest”) at a cost of $8.50 per trust unit, representing approximately 4.2% of the total outstanding trust units of InnVest. Royal Host now holds 9,867,300 trust units of InnVest, representing approximately 13.3% of the total outstanding trust units of InnVest.
The purchase of the InnVest trust units by Royal Host was made through the facilities of The Toronto Stock Exchange for investment purposes. Royal Host may, in the future, take such actions in respect of its holdings as it may deem appropriate in light of the circumstances then existing, including the purchase of additional securities of InnVest through open market purchases or privately negotiated transactions, or the sale of all or a portion of its holdings in the open market or in privately negotiated transactions to one or more purchasers.