Service Properties Trust | 7% Series C Cumulative Redeemable Preferred Shares (HPT.PRC)
This preferred is marked as having been called.
Prospectus excerpt: Distributions on the Series C preferred shares will be cumulative from the date of original issue and payable quarterly, beginning on May 15, 2007, at the rate of 7% of the liquidation preference per annum, or $1.75 per Series C preferred share per annum. Except as otherwise described in this prospectus supplement, the Series C preferred shares are not redeemable until February 15, 2012. On or after February 15, 2012, we may redeem the shares at $25.00 each, plus any accrued and unpaid distributions to but excluding the date of redemption. The Series C preferred shares have no maturity date and will remain outstanding indefinitely unless redeemed.
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Service Properties Trust is a real estate investment trust. Co. invests in hotels and travel related real estate. Co. also owns travel centers, which operated under the TravelCenters of America® and Petro Stopping Centers® brand name. Co.'s travel centers are full service sites located at or near an interstate highway exit and provide fuel and non-fuel products and services. Co.'s travel center includes: parking for tractor trailers and cars; a full service restaurant and quick service restaurants; a truck repair facility and tire and parts store; diesel and gasoline fueling points; a convenience store; a game room; a lounge and other amenities for truck drivers and motorists. Open the HPT Information Page » |
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