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American Hotel Income Properties REIT LP announces closing of C$50.7 mln bought deal

Wednesday, 4 Jun 2014 08:45am EDT 

American Hotel Income Properties REIT LP:Announces closing of its previously announced public offering of 4,900,000 limited partnership units, on a bought deal basis, at a price of Cdn$10.35 per unit.Says for total gross proceeds of C$50,715,000.Says included in the closing were 552,000 Units (C$5,713,200) from a partial exercise of the over-allotment option described in AHIP's short form prospectus dated May 29.Offering was conducted through a syndicate of underwriters co-led by Canaccord Genuity Corp. and National Bank Financial Inc., and including CIBC World Markets Inc., TD Securities Inc., Haywood Securities Inc., Scotia Capital Inc. and Dundee Securities Ltd. 

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