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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.

Full Prospectus PDF », Secondary Prospectus PDF », HPT Page »

Series:C
Alternate symbology:HPT-C, HPT-PC, HPTprC
Redeemable?:Yes
Call Date:2/15/2012 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:12,000,000
Overallotment:1,800,000
Liquidation Preference:$25.00
Original Coupon:7.00%
Pay Period:Quarterly
Pay Dates:15-Feb, 15-May, 15-Aug, 15-Nov
CDx3 Compliance Rating: Learn HPT.PRC's Rating
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.

Preferreds: HPT.PRC, HPTRP


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Name: 
Service Properties Trust
Website: 
www.hptreit.com
Sector: 
REITs

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