American Hotel Income Properties REIT LP Announces Normal Course Issuer Bid and Automatic Securities Purchase Plan

Executive Summary

• AHIP announced that the Toronto Stock Exchange has accepted its notice to commence a new NCIB, permitting the purchase of up to 6,801,276 units (≈10% of public float) between 30 Dec 2025 and 29 Dec 2026.
• Daily purchases are capped at 10,938 units (25 % of average daily volume), with block‑purchase exceptions; all acquired units will be cancelled.
• AHIP entered into an ASPP that allows unit purchases during regulatory blackout periods, pre‑cleared by the TSX and effective for the same NCIB period.

Key Details

• NCIB Scope: Up to 6,801,276 units (≈10 % of public float as of 22 Dec 2025).
• Public Float (22 Dec 2025): 68,012,766 units out of 71,983,597 issued and outstanding.
• Purchase Limits: Daily limit of 10,938 units (25 % of average daily volume of 43,755 units over the prior six months); block‑purchase exception applies.
• Purpose Statement: AHIP believes current market price may not reflect underlying asset value; repurchases are intended to benefit remaining unitholders by increasing their proportional equity interest.
• Execution Mechanism: Open‑market transactions via TSX, other designated exchanges, and alternative Canadian trading systems, executed by CIBC World Markets Inc. on behalf of AHIP.
• Cancellation: All units purchased under the NCIB will be returned to treasury and cancelled.
• Prior NCIB (30 Dec 2024 – 20 Nov 2025): Authorized up to 7,521,189 units; AHIP acquired the full amount at a weighted‑average price of CAD 0.43 per unit.
• Automatic Securities Purchase Plan (ASPP):
• Designed to permit purchases during periods when AHIP is otherwise restricted (e.g., blackout periods).
• Broker discretion based on parameters set by AHIP; plan cannot be varied or suspended during blackout periods.
• Pre‑cleared by the TSX; effective 30 Dec 2025, terminating 29 Dec 2026 unless terminated earlier.
• Investor Consent: Strategic investor HCI‑BGO Victora JB LP consented to the NCIB, subject to total purchase price not exceeding CAD 4.1 million.
• No Current Intent to Sell: AHIP reports that no director, senior officer of the General Partner, or any holder of ≥10 % of units currently intends to sell under the NCIB.

Notable Quotes

(None provided in the release.)