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HALIFAX, Jun 21, 2007 (Canada NewsWire via COMTEX News Network) -- /NOT FOR DISTRIBUTION ON U.S. WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES/
Holloway Lodging Real Estate Investment Trust (TSXV: HLR.UN) ("Holloway" or the "REIT") announced today a distribution of $0.0375 per unit for the month of June 2007, payable on or before July 13, 2007 to unitholders of record on June 29, 2007.
Holders of units who are non-residents of Canada will be required to pay all withholding taxes payable in respect of any distributions of income by the Fund.
The REIT also announced that the holders of Class B limited partnership units of Holloway Lodging Limited Partnership (a subsidiary of the REIT) shall receive $0.0375 per limited partnership unit for the month of June payable on or before July 13, 2007.
The REIT has 16,640,000 units issued and outstanding which, together with 437,000 Class B limited partnership units of Holloway Lodging Limited Partnership issued and outstanding (each of which is exchangeable for one REIT unit). After giving effect to the exchange of the Class B limited partnership units, there are an aggregate of 17,077,000 REIT units issued and outstanding.
ABOUT HOLLOWAY LODGING REAL ESTATE INVESTMENT TRUST
Holloway is a real estate investment trust listed as a Tier 2 issuer on the TSX Venture Exchange with the objective of acquiring and improving a growing portfolio of lodging properties with stable cash distributions.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this press release.
%SEDAR: 00023845E
SOURCE: HOLLOWAY LODGING REAL ESTATE INVESTMENT TRUST
Mr. Glenn Squires, Chief Executive Officer of the REIT; Tracy Sherren, Chief
Financial Officer of the REIT, (902) 457-1907
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