AHIP Updates Unitholders on Voting and Management Circular Changes
American Hotel Income Properties REIT LP Update
American Hotel Income Properties REIT LP (“AHIP”) (TSX: HOT.UN, TSX: HOT.U, TSX: HOT.DB.V) has recently announced that some unitholders might face delays in receiving proxy-related materials for the annual meeting. The ongoing labor dispute between postal workers and Canada Post may impact the timeliness of these materials, which are crucial for the meeting scheduled for later this month.
Annual Meeting Information
For unitholders, keeping abreast of voting procedures is essential. Registered unitholders can vote directly by proxy. Those who are beneficial unitholders and hold their units through intermediaries should reach out to their brokers or agents for assistance. It's crucial to ensure your voice is heard at this important meeting.
Voting Instructions
If you’re a registered unitholder, you can get your proxy form control number by contacting Computershare Investor Services Inc. at 1-800-564-6253. This number will allow you to securely cast your vote for the upcoming meeting. For those holding units indirectly via an intermediary, it's advisable to obtain the necessary voting instruction form directly from that intermediary.
Deadline for Proxy Voting
It’s important to note that the deadline for submitting votes by proxy is 11:00 a.m. (Pacific time) on June 24. Be sure to mark your calendars and complete the voting process before this deadline.
Management Information Circular Adjustments
Alongside the voting updates, AHIP has also communicated adjustments to its Management Information Circular dated May 15, 2025. Unitholders will find pertinent information regarding the adjustment, which has been mailed to them for utilization in connection with the upcoming meeting.
Details on the Amended Securities-Based Compensation Plan
The Circular previously reported certain statistics about the units related to the Amended and Restated Securities-Based Compensation Plan (SBC Plan). Initially, it was indicated that 4,355,078 units were reserved for issuance, which accounted for about 5.58% of the outstanding units. Subsequently, based on updated payout assumptions, these figures have been adjusted.
Updated Figures and Impact
With the adjustments, the new total number of units reserved under the SBC Plan has increased to 5,174,399, reflecting approximately 6.63% of the outstanding units. Similarly, the adjusted number of units eligible for issuance has been revised to 2,632,870, equating to 3.37% of the overall issued units. Such changes are crucial for unitholders as they have a direct impact on future distribution potential and financial metrics.
About AHIP
American Hotel Income Properties REIT LP is dedicated to investing in premium hotel properties across various locations. Their portfolio emphasizes select-service hotels that operate under established brands such as Marriott, Hilton, and IHG. AHIP works diligently to elevate property values through effective management and strategic capital investments.
Contact Information
For any inquiries or additional details regarding the updates, unitholders can contact AHIP’s Investor Relations at ir@ahipreit.com.
Frequently Asked Questions
What is AHIP's recent update regarding voting materials?
AHIP has advised that due to postal disruptions, some unitholders may experience delays in receiving essential voting materials for the upcoming meeting.
How can unitholders vote for the meeting?
Registered unitholders can vote directly by proxy, while beneficial unitholders should contact their intermediaries for guidance.
What is the deadline for voter submissions by proxy?
The deadline for submitting proxy votes is 11:00 a.m. (Pacific time) on June 24, so unitholders must act promptly.
What changes were made to the Management Information Circular?
AHIP has made adjustments regarding their Securities-Based Compensation Plan, affecting the number of units reserved for issuance and eligibility for compensation.
What services does AHIP provide in hotel real estate?
AHIP focuses on investing in premium branded, select-service hotels, maximizing property value through effective management and capital improvements.
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