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.
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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 » |
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