Bullboard - Stock Discussion Forum American Hotel Income Properties REIT 6 00 Convertible Unsecured Subordinated Debentures T.HOT.DB.V

Alternate Symbol(s): AHOTF | T.HOT.UN

American Hotel Income Properties REIT LP is a trust that invests in hotel real estate properties. The company's primary business is owning Premium Branded hotels, which have franchise agreements with international hotel brands including Marriott, Hilton, and IHG. It generates revenue from the room, food, beverage, and other revenue. The other revenue is comprised of conference room rentals... see more

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TSX:HOT.DB.V - Post Discussion

American Hotel Income Properties REIT 6 00 Convertible Unsecured Subordinated Debentures > when do bank covenants allow distributions again?

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Post by lashing on Dec 28, 2021 6:16pm

when do bank covenants allow distributions again?

Admittedly have put my energy elsewhere. The debt holders disallowed distributions. When can HOT start returning cash to shareholders again?

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Comment by JayBanks on Dec 28, 2021 9:01pm

The general Bank Covenants have been lifted in the US and Canada as of several weeks ago, if that's what you mean. It sounds like your referring to a company specific restriction, that I know nothing about to be honest as I stopped checking in on news with HOT for a long while as it stopped being attractive similarly to you, but have started to monitor again a couple months ago. I just ...more

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Comment by ckwong on Dec 30, 2021 11:35am

HOT.UN's covenants for distribution ended December 2021. Therefore, we start to get distribution next year. However, if the revenue drops, the lender may impose no distribution again. You can get the information from the quaterly conference call. You may want to attend next one.

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