PreferredStockChannel
Hersha Hospitality Trust | 6.875% Series C Cumulative Redeemable Preferred Shares (HT.PRC)

Prospectus excerpt:  Hersha Hospitality Trust is offering 3,000,000 shares of its 6.875% Series C Cumulative Redeemable Preferred Shares of Beneficial Interest, $0.01 par value per share, which we refer to in this prospectus supplement as the Series C Preferred Shares.

We will pay quarterly cumulative dividends, in arrears, on the Series C Preferred Shares from, and including, the date of original issue, payable on or about January 15th, April 15th, July 15th and October 15th of each year, when and as declared, beginning on April 15, 2013, at a yearly rate of 6.875% of the $25.00 liquidation preference, or $1.71875 per Series C Preferred Share per year. The first dividend payment will be for less than a full quarter and will cover the period from, and including, March 6, 2013 to, but excluding, April 15, 2013.

Full Prospectus PDF », Secondary Prospectus PDF », HT Page »

Series:C
Alternate symbology:HT-C, HT-PC, HTprC
Redeemable?:Yes
Call Date:3/6/2018 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:3,000,000
Liquidation Preference:$25.00
Original Coupon:6.88%
Pay Period:Quarterly
Pay Dates:15-Jan, 15-Apr, 15-Jul, 15-Oct
CDx3 Compliance Rating: Learn HT.PRC's Rating
Hersha Hospitality Trust is a real estate investment trust. Co. invests in institutional grade hotels in primary urban gateway markets including New York, Washington, District of Columbia, Boston, Philadelphia, South Florida and California. Co.'s portfolio consists of wholly-owned limited and full service properties, hotel owned via a consolidated joint venture, and interests in properties owned through joint venture investments. These properties are located in California, Connecticut, District of Columbia, Florida, Maryland, Massachusetts, New York and Pennsylvania and operate under various brands owned by Marriott International, Inc., Hilton Worldwide, Inc., and Hyatt Corporation.

Preferreds: HT.PRA, HT.PRB, HT.PRC, HT.PRD, HT.PRE


Open the HT Information Page »
Name: 
Hersha Hospitality Trust
Website: 
www.hersha.com
Sector: 
REITs

Quotes delayed 20 minutes

Email EnvelopeFree Email Alerts:
Get Dividend Alerts
Get SEC Filing Alerts
Top Ten Highest Yielding Preferred Stocks
Feel-Good Income: Socially Responsible Preferreds
Dividend Channel's 25 S.A.F.E. Dividend Stocks
Increasing Payments For Decades

Safer than S.A.F.E: Preferreds of Dividend Channel's
S.A.F.E. Dividend Stocks

Recent Preferred Stock Offerings
Preferred Stocks of Dow Components
Preferred Stocks of S&P 500 Components
Preferred Stocks By Industry
Preferred Stocks Where Insiders Are Buying The Common
High Yield Preferred Stocks
Preferreds Trading At Premiums To Liquidation Preference
Preferreds Trading At Discounts To Liquidation Preference
The Top 10 DividendRank'ed U.S. Stocks
The Top 10 DividendRank'ed Canadian Stocks
Top 25 Broker Analyst Picks of the S&P 500
Stock market game

Hersha Hospitality Trust | 6.875% Series C Cumulative Redeemable Preferred Shares (HT.PRC) Information Page | Preferred Stock Channel | www.PreferredStockChannel.com

Copyright © 2010 - 2024, All Rights Reserved Nothing in Preferred Stock Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Preferred Stock Channel; Meet Our Editorial Staff.