Pebblebrook Hotel Trust | 5.70% Series H Cumulative Redeemable Preferred Shares (PEB.PRH)
Prospectus excerpt: We are offering 10,000,000 of our 5.700% Series H Cumulative Redeemable Preferred Shares of Beneficial Interest, $0.01 par value per share (the “Series H Preferred Shares”). Distributions on the Series H Preferred Shares will be payable quarterly in arrears on the 15th day of January, April, July and October of each year (or, if not on a business day, on the next succeeding business day). The distribution rate is 5.700% per annum of the $25.00 liquidation preference, which is equivalent to $1.4250 per annum per Series H Preferred Share. The first distribution on the Series H Preferred Shares sold in this offering will be paid on October 15, 2021 and will be in the amount of $0.30875 per share.
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Pebblebrook Hotel Trust is a real estate investment trust. Co. acquires and invests in hotel properties located primarily in main U.S. cities. Co.'s hotel properties are located in Boston, MA; Chicago, IL; Hollywood, FL; Jekyll Island, GA; Key West, FL; Miami, FL; Los Angeles, CA; Naples, FL; Philadelphia, PA; Portland, OR; San Diego, CA; San Francisco, CA; Santa Cruz, CA; Seattle, WA; Stevenson, WA; and Washington, D.C. In addition, Co. also targets investments in resort properties located near its primary urban target markets and select destination resort markets such as southern Florida and southern California. Co. focuses on both branded and independent full-service hotels. Preferreds: LHO.PRG, LHO.PRH, PEB.PRA, PEB.PRB, PEB.PRE, PEB.PRC, PEB.PRF, PEB.PRF, PEB.PRD, PEB.PRG, PEB.PRH Open the PEB Information Page » |
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