Fibra Inn to Propose Its Holders a CBFI Repurchase Fund

FIBRA Inn, a hotel real estate trust, plans to propose a new CBFI repurchase fund of 250 million pesos to its holders, valid for 12 months.

FIBRA Inn CBFIs trade at a price of 3.61 pesos per unit on the Mexican Stock Exchange. Photo: Fibra Inn

03/30/2022

FIBRA Inn, a hotel real estate trust, plans to propose a new CBFI repurchase fund of 250 million pesos to its holders. The fund would be valid for 12 months, starting from the end of April this year.

An ordinary assembly of CBFI holders has been scheduled for April 28, where the proposal will be discussed, along with the cancellation of the current repurchase fund and other matters such as the approval of the 2021 annual report and the environmental, social, and corporate governance (ESG) report.

As of the end of last year, the trust did not have any CBFI balance in the repurchase fund and had 503.6 million shares in circulation out of a total of 1,359.4 million issued shares.

Read the full article (in Spanish)

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