Published:
Innkeepers USA Trust Suspends Fourth Quarter 2008 Dividend on 8% Series C Cumulative Redeemable Preferred Shares
PALM BEACH, Fla., Jan. 7 /PRNewswire-FirstCall/ -- Innkeepers USA Trust (OTC: INKPP) today announced that it will not declare a 2008 fourth quarter dividend on its 8% Series C Cumulative Redeemable Preferred Shares.
Decisions regarding future quarterly dividends on the 8% Series C Cumulative Redeemable Preferred Shares will be made by Innkeepers' board of trustees based on financial and economic conditions and other factors that the board deems appropriate.
A description of the 8% Series C Cumulative Redeemable Preferred Shares, is available in the Amended and Restated Declaration of Trust of Innkeepers USA Trust and the Articles Supplementary to the Declaration of Trust. Certain information regarding the 8% Series C Cumulative Redeemable Preferred Shares may be found on the company's website at www.innkeepersusa.com.
Innkeepers USA Trust is a real estate investment trust (REIT) and a leading owner of upscale and extended-stay hotel properties throughoutthe United States. The company currently owns interests in 74 hotels with approximately 10,100 rooms in 20 states and theDistrict of Columbia.
Contact:
Dennis Craven, CFO
Innkeepers USA Trust
Telephone: (561) 227-1302
Mark Murphy, General Counsel
Innkeepers USA Trust
(561) 227-1336
SOURCE Innkeepers USA Trust
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