American Hotel Income Properties REIT 6 00 Convertible Unsecured Subordinated Debentures T.HOT.DB.V

RE:Earnings news

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DISTRIBUTIONS

In January 2021, AHIP completed amendments under its revolving credit facility that included a restriction on payment of distributions to unitholders during the covenant waiver period, which extends until the end of 2021. AHIP's Board of Directors, in consultation with management, will continue to regularly assess the timing of the re-introduction of AHIP's distribution by monitoring hotel performance, capital needs, acquisitions and dispositions and distributions required for AHIP to maintain its REIT status for federal income tax purposes. Based on the expectation that hotel EBITDA will continue to improve, management is currently targeting to re-establish a distribution in 2022 at a level that will be sustainable in the long term.