Press Release: Legacy Hotels Real Estate Investment Trust
June 18, 2002
TORONTO -- Legacy Hotels Real Estate Investment Trust ("Legacy") (TSE: LGY.UN) yesterday announced its
second quarter distribution to unitholders. The distribution is $0.185 per unit to unitholders of record as of
June 30, 2002. Payment will be made on or about July 20, 2002. The distribution is consistent with that of the
first quarter of 2002.
Fairmont Hotels & Resorts Inc. ("FHR")(TSE/NYSE: FHR), Legacy's largest investor with an approximate
35% interest, will again elect to receive units instead of cash in accordance with the terms of Legacy's Distribution
Reinvestment Plan. FHR indicated that its decision reflects its continued confidence in Legacy and its view of
the underlying value of Legacy's units. Any Legacy unitholders wishing to receive units instead of a cash distribution
must complete their election to participate in the Distribution Reinvestment Plan by June 28, 2002.
Legacy is Canada's premier hotel real estate investment trust with 21 luxury and first class hotels across Canada
with over 9,500 rooms. Fairmont Hotels & Resorts manages the 10 luxury hotels and Delta Hotels manages the
11 first class properties.
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