💙 🔷 Not impressed by Big Tech in Q3? Explore these Blue Chip Bargains insteadExplore for free

BRIEF-American Realty Capital Hospitality Trust announces $400 mln convertible preferred investment commitment from Brookfield

Published 2017-01-13, 06:20 a/m
© Reuters.  BRIEF-American Realty Capital Hospitality Trust announces $400 mln convertible preferred investment commitment from Brookfield

Jan 13 (Reuters) - American Realty Investors Inc ARL.N

* American Realty Capital Hospitality Trust announces $400 million convertible preferred investment commitment from brookfield

* American Realty Capital Hospitality-As part of reconfiguration of co's board of directors, William M. Kahane will resign from company's board

* American Realty Capital Hospitality - 2 new independent directors nominated by co's existing board and reasonably approved by Brookfield will be added

* American Realty Capital Hospitality- As part of transaction, company's board of directors will be increased from four to seven members

* American Realty Capital Hospitality- Two members will be appointed by Brookfield, Bruce G. Wiles will serve as chairman of board and Lowell G. Baron Source text for Eikon: ID:nPn1pg1Nka Further company coverage: ARL.N

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.