Fibra Inn Announces Cash Distribution Payment Corresponding to the First Quarter 2018

World News: . []

MONTERREY, Mexico, May 16, 2018 (GLOBE NEWSWIRE) -- Deutsche Bank Mexico, S.A., Banking institution, Trust Division F/1616 or Fibra Inn (BMV: FINN13, ADR OTC: DFBRY) (“Fibra Inn” or “the Company”), a Mexican real estate investment trust internally managed specializing in the hotel industry serving the business traveler, announced that the Company will execute a cash distribution from the Trust’s capital reimbursement, for the period of January 1, 2018 to March  31, 2018 through a payment, on May 16, 2018, totaling Ps. 109,050,893.75 (one hundred and nine million, fifty thousand, eight hundred and ninety-three pesos 75/100 Mexican pesos).

The following are the important dates for this distribution:

     The total distribution per CBFI from the capital reimbursement is the following:

In accordance to current tax laws applicable to Fibra Inn, when the fiduciary delivers CBFI holders an amount greater than the taxable income for the period generated by the trustee assets, the difference shall be considered a capital reimbursement and will lower the proven acquisition cost of the certificates held by those receiving it. The capital reimbursement will not generate a tax withholding for Fibra Inn’s investors.

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Globe Newswire: 23:42 GMT Wednesday 16th May 2018

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