Investors in our Series A Preferred Stock generally have no voting rights but will have limited voting rights if we fail to pay dividends for six or more quarters and under certain other circumstances.
We may not redeem the Series A Preferred Stock before March 16, 2010, except in limited circumstances to preserve our status as a real estate investment trust, or REIT. On or after March 16, 2010, we may, at our option, redeem the Series A Preferred Stock, in whole or in part, by paying $25.00 per share, plus any accrued and unpaid dividends to the redemption date. Our Series A Preferred Stock has no stated maturity, will not be subject to any sinking fund or mandatory redemption and will not be convertible into any of our other securities.
Full Prospectus PDF », Secondary Prospectus PDF », BEE Page »
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Strategic Hotels & Resorts operates as a self-administered and self-managed real estate investment trust. Co. conduct its operations through its direct and indirect subsidiaries including Strategic Hotel Funding, L.L.C. As of Feb 23 2015, Co.: wholly owned or leased 14 hotels, had 53.5% and 51.0% interests in affiliates that each own one hotel where Co. asset managed such hotels, own land held for development including: 50.7 acres of oceanfront land in Nayarit, Mexico; 13.8 acres of land in Scottsdale, AZ, entitled for development and residential usage; and a 20,000 sq. ft. oceanfront land parcel in Santa Monica, CA, entitled for development and residential units. Preferreds: BEE.PRB, BEE.PRC, BEE.PRA Open the BEE Information Page » |
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