59ff2ccf-992c-4d8a-a45a-8ac6e8f1b090.pdf For Immediate Release INNVEST REAL ESTATE INVESTMENT TRUST ANNOUNCES MONTHLY DISTRIBUTION AND TERMINATION OF DRIP Toronto, Canada (Tuesday, May 17, 2016) - InnVest Real Estate Investment Trust ("InnVest") (TSX:INN.UN) announced today that a distribution of $0.0333 per unit, payable on June 15, 2016, has been declared to the holders of record as at the close of business May 31, 2016.

Effective immediately, InnVest's unitholder distribution reinvestment plan (the "DRIP") has been terminated. As a result, the DRIP will not be available in connection with the distribution that is payable on June 15, 2016, or any subsequent monthly distributions. Unitholders, including those who had previously participated in the DRIP, will continue to be entitled to monthly cash distributions as and when declared by the board of trustees of InnVest.

TRUST PROFILE

InnVest Real Estate Investment Trust is an unincorporated open-ended real estate investment trust which owns a portfolio of 109 hotels across Canada representing over 14,500 guest rooms operated under internationally recognized brands. InnVest also holds a 50% interest in Choice Hotels Canada Inc., one of the largest franchisors of hotels in Canada.

InnVest's units and convertible debentures trade on the Toronto Stock Exchange (the "TSX") under the symbols INN.UN, INN.DB.E, INN.DB.F and INN.DB.G.

For further information:

Chantal Nappert

Vice President Finance and Investor Relations Tel: (416) 607-2331

Website: www.innvestreit.com

InnVest Real Estate Investment Trust published this content on 17 May 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 17 May 2016 20:47:04 UTC.

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