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Temple Hotels Inc (TPH.TO)

TPH.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Temple Hotels Inc. Reports 2016 second quarter results
Tuesday, 9 Aug 2016 04:15pm EDT 

Temple Hotels Inc : Temple Hotels Inc. Reports 2016 second quarter results . On a basic per common share basis, FFO and AFFO decreased by $0.07 per common share and $0.05 per common share, respectively for Q2 .At June 30, 2016, company was not in compliance with debt service covenants affecting 14 mortgage loans in aggregate amount of $201.4 million.  Full Article

Temple Hotels says seven properties have light to moderate impacts from wildfires
Thursday, 2 Jun 2016 04:13pm EDT 

Temple Hotels Inc - : Temple Hotels Inc. - Fort McMurray property update . Seven properties have been identified as having light to moderate impacts from Fort McMurray wildfires . Services available at the properties will continue to be impacted for a period of time .Two additional properties, Merit Hotel & Suites and Radisson Hotel & Suites Fort McMurray, sustained greater fire, smoke and water damage.  Full Article

Temple Hotels Inc announces normal course issuer bids for common shares
Thursday, 10 Mar 2016 10:58am EST 

Temple Hotels Inc:Announces normal course issuer bids for common shares.Says to purchase up to 4.5 million common shares representing 10% of the public float of the shares on February 29, 2016.Says all shares purchased by Temple under the ncib will be cancelled.  Full Article

Temple Hotels Inc completes fully subscribed rights offering
Friday, 30 Oct 2015 08:00am EDT 

Temple Hotels Inc:Announces completion of fully subscribed $40 million rights offering.  Full Article

Morguard Corporation Increases Ownership Position in Temple Hotels Inc.
Friday, 16 Oct 2015 05:34pm EDT 

Morguard Corp :Increases ownership position in temple hotels inc.Between September 30, and October 16,co acquired 5,319,500 rights of temple hotels inc at a weighted average price of about $0.106.Rights acquired entitle co to acquire 4.7 million common shares, representing about 9% of issued and outstanding common shares of temple hotels.  Full Article

Temple Hotels announces completion of $38 million sale of Hotel Saskatchewan and announces the filing of a preliminary short form prospectus for $40 million rights offering
Wednesday, 2 Sep 2015 04:12pm EDT 

Temple Hotels:Says completion of $38 million sale of Hotel Saskatchewan.Sale resulted in net cash proceeds to Temple of approximately $17 million, after the repayment of the existing first mortgage loan.Aggregate net cash proceeds of approximately $24 million, including the capital expenditure reimbursement, are being used to retire the revolving loan in full, to reduce other debt and to improve working capital.Also says that it has filed a preliminary short form prospectus in connection with a rights offering in order to raise up to $40 million of equity capital through the sale of common shares.Intends to use the net proceeds of the Rights Offering to further reduce indebtedness, improve working capital and undertake capital expenditures and/or possible acquisitions.  Full Article

Temple Hotels Inc announces $38 Million Sale of Hotel Saskatchewan
Monday, 6 Jul 2015 05:39pm EDT 

Temple Hotels Inc:Announces $38 million sale of hotel Saskatchewan.Says sale is expected to result in net cash proceeds to Temple of approximately $17 million.Says the net cash proceeds will be used to repay other debt and for working capital purposes.Says no brokerage commission is payable on the transaction.Says sale is scheduled to close on September 1, 2015.  Full Article

Temple Hotels Inc Announces April monthly dividend
Tuesday, 21 Apr 2015 11:46am EDT 

Temple Hotels Inc:Declared a dividend in the amount of $0.025 per share for the month ended April 30, 2015.Payment will be made on May 15, to the shareholders of record at the close of business on April 30.  Full Article

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BRIEF-Temple Hotels reports Qtrly FFO per share $0.10

* As at Sept. 30, 2016, all nine Fort McMurray properties had been reopened following mandatory evacuation