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After Temple Hotels expands eastward, CEO boosts holdings

Temple Gardens Mineral Spa in Moose Jaw, Sask.

Douglas E. Walker/Tourism Saskatchewan

Western Canada-focused Temple Hotels has a high amount of executive buying compared to small-cap peers over the past three months. Since March 25, CEO and board chair Arni Thorsteinson has spent $391,950 buying stock in the public market. In total, he bought 71,600 shares at an average price of $5.47. He now holds 2,571,865 shares. The stock currently trades with a dividend yield of about 10 per cent. On March 1, the company expanded into Nova Scotia with the purchase of three hotels.

Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.

Infographic reflects public-market transactions of common shares or unit trusts by company officers and directors.

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