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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks -- Ignore unavailable to you. Want to Upgrade?

To: WINDSURFER50 who wrote (60)	3/19/1998 7:48:00 PM
From: WINDSURFER50	Read Replies (1) \| Respond to of 11633

Anyone want to comment on the Legacy distribution? This is their first quarterly pay-out. LEGACY HOTELS REIT DECLARES DISTRIBUTION TORONTO, March 19 /CNW/ - Legacy Hotels Real Estate Investment Trust (Legacy) today announced its first quarterly distribution to unitholders. The distribution is $0.185 per unit to unitholders of record as of March 31, 1998, and is expected to be paid on or about April 20, 1998. The distribution amount is consistent with the forecast contained in the prospectus released in conjunction with the initial public offering. Legacy expects to release its first quarterly results on April 16, 1998. Legacy believes that the original forecast of distributable earnings is conservative in view of the performance of the properties to date, and the improvement in earnings due to Legacy's financing of Canadian Pacific Hotels' acquisition of two Metropolitan Toronto hotels in February, 1998. Canadian Pacific Hotels' recently announced agreement to acquire Delta Hotels is expected to provide Legacy with additional growth opportunities in 1998. The Legacy annual meeting will be held at 11:00 a.m. on April 17, 1998, at the Royal York in Toronto. -30- For further information: Canadian Pacific Hotels