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Last Trade - 20/07/20

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BRIEF-R&R REIT ANNOUNCES $35 MLN PORTFOLIO ACQUISITION

May 2 (Reuters) - R&R Real Estate Investment Trust 
 RRR_u.V : 
    * R&R REIT ANNOUNCES US$35.0 MILLION PORTFOLIO ACQUISITION 
    * R&R REAL ESTATE INVESTMENT TRUST - ACQUISITION IS EXPECTED 
TO BE IMMEDIATELY ACCRETIVE TO FFO AND ADJUSTED FUNDS FROM 
OPERATIONS PER UNIT OF REIT 
    * R&R REAL ESTATE INVESTMENT TRUST - ACQUISITION MUST BE 
APPROVED BY AFFIRMATIVE VOTE OF A MAJORITY OF MINORITY REIT 
UNITHOLDERS 
    * R&R REAL ESTATE INVESTMENT TRUST - INDEPENDENT TRUSTEES OF 
REIT UNANIMOUSLY RECOMMEND THAT UNITHOLDERS VOTE IN FAVOR OF 
ACQUISITION 
    * R&R REAL ESTATE INVESTMENT TRUST - TO ACQUIRE NINE ECONOMY 
EXTENDED-STAY HOTELS LOCATED IN U.S. FOR AGGREGATE PURCHASE 
PRICE OF US$35.0 MILLION 
 
Source text for Eikon:  ID:nCNWFjJg5a  
Further company coverage:  RRR_u.V  
 
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