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Apple Hospitality REIT board OKs extension to share buyback program

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Apple Hospitality REIT board OKs extension to share buyback program

Apple Hospitality REIT Inc. obtained board approval for an extension to the company's existing share buyback program through July 2020.

Under the extended program, the hotel real estate investment trust may buy back as much as $360 million of its common shares in the open market, through 10b5-1 programs or in privately negotiated deals.