Holloway Lodging Corp HLLOF

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"Holloway Lodging Corp is a Canada-based hospitality company that owns and operates hotels across Canada. The company is a real estate company focused on acquiring, owning and operating select and limited service lodging properties and a small complement of full-service hotels primarily in secondary, tertiary and suburban markets. The company is engaged in property management, accounting, sales, purchasing, maintenance and asset management. It owns and operates approximately 30 hotels and holds

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Holloway Lodging Corp

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Post by nuveux13on Jan 25, 2012 9:25am

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HLR completes Debenture Conversion

January 23, 2012Holloway Lodging REIT completes issuance of units to holders of convertible debentures

HALIFAX, Jan. 23, 2012, 2012 (Canada NewsWire via COMTEX) --/Not for distribution on U.S. wire services or for dissemination in the United States/

Holloway Lodging Real Estate Investment Trust (TSX: HLR.UN) ("Holloway" or the "REIT") announces the completion of the issuance of trust units ("Units") of the REIT to the holders (the "Debentureholders") of its 6.5% convertible unsecured subordinated debentures (the "Debentures") in satisfaction of the previously announced redemption of the Debentures. A total of 714,224,023 Units were issued to Debentureholders. Holloway currently has 753,454,513 Units outstanding.

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