Dec 21 (Reuters) - Hotel Property Investments Ltd (HPI)...

Dec 21 (Reuters) - Hotel Property Investments Ltd (HPI)

• Expected distribution, refinancing and property revaluation
• Total expected distribution for half year of 22.2 cents
• Has refinanced its outstanding loan facilities, entering into new 3 and 5 year loans with Commonwealth Bank And Westpac
• Aggregate limit of facilities is $285 million, with $247.3 million drawn or committed at 21 december 2016
• Expected distribution of 9.7 cents per stapled security from trading operations for half year ending 31 december 2016
• Board amended its valuation policy, it will obtain independent valuations for at least 50% of properties each year
• Commissioned independent valuations for property portfolio; total valuation at $644.8 million, an increase of $56.5 million