staging
Fibra Inn will rebuy own CBFIs
Real Estate Market | April 05, 2018 |

Fibra Inn added to its agenda, as part of its ordinary meeting, the proposal to begin the repurchase of its own CBFIs for an approximate amount of 250 million pesos.

Since 2017, the specialized hospitality trust began with the constitution of a repurchase fund, taking advantage of the amendments to the Income Tax Law.

Item X of the agenda of the convening ordinary meeting published through the Mexican Stock Exchange (BMV) states that: "Information regarding the cancellation of the current Repurchase Fund and proposal, discussion and, where appropriate, approval of the maximum amount to be allocated to repurchase of own CBFIs, for an amount of $ 250,000,000.00 MN (Two hundred and fifty million pesos 00/100 National Currency), for the period of 12 months after April 26, 2018, in compliance with the provisions of article 56, section IV, of the Securities Market Law ".

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