American Hotel Income Properties REIT LP (AHIP) has obtained approval from the Toronto Stock Exchange for a normal course issuer bid. The announcement also outlines an Automatic Securities Purchase Plan to guide future share repurchases.
American Hotel Income Properties REIT LP Announces Normal Course Issuer Bid and Automatic Securities Purchase Plan
Key Takeaways:
- AHIP received TSX approval for a normal course issuer bid (NCIB)
- The bid supports the repurchase of issued shares
- An Automatic Securities Purchase Plan is included
- Announcement date is December 23, 2025
- AHIP trades under TSX: HOT.UN, TSX: HOT.U, and TSX: HOT.DB.V
The Company
American Hotel Income Properties REIT LP (AHIP) is a Vancouver-based real estate investment trust, trading under several symbols on the Toronto Stock Exchange: TSX: HOT.UN, TSX: HOT.U, and TSX: HOT.DB.V.
TSX Approval
According to the latest statement, the Toronto Stock Exchange (TSX) has accepted AHIP’s notice of intention to initiate a normal course issuer bid (NCIB). This official acceptance marks an important milestone for the trust as it moves forward with its plan to repurchase shares on the open market.
Normal Course Issuer Bid
Under the NCIB, AHIP aims to buy back a portion of its outstanding shares. Companies often use such bids to optimize their capital structure and signal confidence in their long-term prospects.
Automatic Securities Purchase Plan
In tandem with the NCIB, AHIP also announced an Automatic Securities Purchase Plan. While specific details concerning its implementation are not disclosed in the announcement, these plans typically outline how and when share repurchases may be carried out, ensuring a smoother process during trading periods.
Looking Ahead
With the TSX’s nod and the inclusion of an Automatic Securities Purchase Plan, AHIP’s strategy centers on maintaining flexibility in the capital markets. Announced on December 23, 2025, this initiative underscores AHIP’s ongoing commitment to managing its share base and potentially bolstering shareholder value.