A total of $4,204,400 in Common Shares of Apple Hospitality REIT, Inc.
$
489
*
* Calculated as $116.20 per $1,000,000 of Transaction Value
1. Security and Issuer
This Rule 13e-1 Transaction Statement relates to the proposed purchase by the issuer, Apple Hospitality REIT, Inc., a Virginia corporation (the “Company”), of up to 457,000 common shares to be effected on April 20, 2015 with certain shareholders pursuant to the Company’s share redemption program that is available on a limited basis.
2. Purpose of the Repurchases
The Company’s Board of Directors believes that the limited share redemption program provides shareholders with liquidity opportunities in extenuating circumstances that may not have been anticipated when a shareholder purchased shares that are not traded on an established trading market. The redemptions are limited to the death of a shareholder. The redemption price will be $9.20 per share. In accordance with Virginia law, common shares purchased by the Company will be authorized but unissued shares.
3. Source and Amount of Funds or Other Consideration
The Company expects to fund the share repurchases through a combination of cash on hand and amounts borrowed under its revolving credit facility.
SIGNATURE
After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.