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CEO buys as Temple REIT approaches 52-week highs

Temple Gardens Mineral Spa Resort Hotel, in Moose Jaw, Sask.

Douglas E. Walker/Tourism Saskatchewan

Temple REIT made a 52-week high of $4.80 in early March shortly after the company completed a $20-million equity financing to help pay down debt. The unit price subsequently fell back but it has been recovering recently. The CEO has been buying as the unit price has been rising. Over the last 30 days, Arni Thorsteinson has spent $2-million buying units in the public market. In total, he has picked up 453,200 units between the prices of $4.19 and $4.75.

Disclaimer:

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.

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Graph Footnote:

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

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