Clarke acquires1.45 million units of HollowayHello everyone,
Clarke acquires 1.45 million units of Holloway
2007-10-30 17:57 ET - News Release
Also News Release (C-HLR) Holloway Lodging Real Estate Investment Trust
Ms. Melinda Lee of Clarke reports
CLARKE INC. ANNOUNCES INVESTMENT IN HOLLOWAY LODGING REAL ESTATE INVESTMENT TRUST
Clarke Inc. has acquired 1,451,400 units of Holloway Lodging Real Estate Investment Trust, representing approximately 3.75 per cent of the total issued and outstanding units of Holloway and 3.71 per cent of the voting rights attached to all issued and outstanding securities of Holloway.
The Holloway units held by Clarke and Royal Host Real Estate Investment Trust, together total 5,205,500 units, representing approximately 13.45 per cent of the total outstanding units of Holloway and 13.30 per cent of the voting rights attached to all issued and outstanding securities of Holloway.
The purchase of the Holloway units by Clarke was made through the facilities of the Toronto Stock Exchange for investment purposes. Clarke may, from time to time, acquire additional units of Holloway, dispose of some or all of the existing or additional units of Holloway, or continue to hold the units of Holloway in the normal course of Clarke's investment activities.
The issuance of this news release does not constitute an admission by Clarke that it is acting jointly or in concert with Royal Host Real Estate Investment Trust with respect to units of Holloway.
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