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R&R REIT Issues Units to Non-Executive Trustees in Connection with 2023 Units for Services Agreements, Enters into New Units for Services Agreements for 2024 and Issues Deferred Units to an Executive Officer

Newswire.ca - Mon Feb 12, 2024

MISSISSAUGA, ON, Feb. 12, 2024 /CNW/ - R&R Real Estate Investment Trust (TSXV: RRR.UN) (the "REIT")  announces that it has issued REIT units to participating non-executive trustees in connection with its 2023 units for services agreements (the "2023 Units for Services Agreements"), pursuant to which non-executive trustees could elect to receive all or a portion of their trustee retainer fees for 2023 in units, rather than in cash. The units issued pursuant to the 2023 Units for Services Agreements serve as compensation for past services provided by such trustees to the REIT for the 2023 fiscal year. The units were issued at a price of C$0.09 per unit and the amount of trustee fees paid in units and the number of units issued to each participating non-executive trustee is as follows:

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