RE:A sign of Leadership and ConfidenceThe link I cited may take you to an older story as it is a subscriber article. Here is the relevant content: American Hotel Income Properties REIT L.P. (HOT.UN-T)
The unit price has been on a free fall in recent weeks, falling from a price level of over $9 at the beginning of October to the mid-$7 price level. With a monthly distribution of 5.4 US cents per unit, the security is now yielding over 11 per cent.
Between Nov. 9 and Nov. 14, newly appointed chief executive officer (effective Oct. 1) John O’Neill invested over $700,000 in units of AHIP. He acquired a total of 100,000 units, lifting his portfolio’s position to 254,400 units.