Equity Inns Declares 2007 Second Quarter Common Share and Preferred Dividends
14 Giugno 2007 - 6:09PM
Business Wire
Equity Inns, Inc. (NYSE: ENN), the third largest hotel real estate
investment trust (REIT), today announced that its Board of
Directors has declared quarterly cash dividends of $0.25 per common
share and $0.546875 per Series B preferred share and $0.50 per
Series C preferred share. The $0.25 per share common dividend
represents a 31.6% increase over the prior year quarter. The record
date for the common share dividend and the preferred dividends is
June 29, 2007. The preferred dividends are payable July 31, 2007,
while the common dividend is payable August 1, 2007. About Equity
Inns Equity Inns, Inc. is a self-advised REIT that focuses on the
upscale extended stay, all-suite and midscale limited-service
segments of the hotel industry. The Company, which ranks as the
third largest hotel REIT based on number of hotels, currently owns
132 hotels with 15,731 rooms located in 35 states. For more
information about Equity Inns, visit the Company's Web site at
www.equityinns.com. Forward Looking Statements Certain matters
discussed in this press release which are not historical facts are
�forward-looking statements� within the meaning of the federal
securities laws and involve risks and uncertainties. The words
�may,� �plan,� �project,� �anticipate,� �believe,� �estimate,�
�forecast, �expect,� �intend,� �will,� and similar terms are
intended to identify forward-looking statements, which include,
without limitation, statements concerning our outlook for the hotel
industry, acquisition and disposition plans for our hotels and
assumptions and forecasts of future results for fiscal year 2007.
Forward-looking statements are not guarantees of future performance
and involve numerous risks and uncertainties which may cause our
actual financial condition, results of operations and performance
to be materially different from the results of expectations
expressed or implied by such statements. General economic
conditions, future acts of terrorism or war, risks associated with
the hotel and hospitality business, the availability of capital,
.risks associated with our debt financing, hotel operating risks
and numerous other factors, may affect our future results and
performance and achievements. These risks and uncertainties are
described in greater detail in our 2006 Annual Report on Form 10-K
filed on February 28, 2007, and our other periodic filings with the
United States Securities and Exchange Commission (SEC). We
undertake no obligation and do not intend to publicly update or
revise any forward-looking statement, whether as a result of new
information, future events or otherwise. Although we believe our
current expectations to be based upon reasonable assumptions, we
can give no assurance that our expectations will be attained or
that actual results will not differ materially.
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