Hersha Hospitality Trust Announces Dividends
March 15 2012 - 1:12PM
Business Wire
Hersha Hospitality Trust (NYSE: HT), owner of upscale hotels in
urban gateway markets, today announced that its Board of Trustees
declared a cash dividend of $0.50 per Series A and Series B
Preferred Shares for the first quarter ending March 31, 2012. The
preferred share dividends are payable April 16, 2012 to holders of
record as of April 1, 2012.
The Board of Trustees also declared quarterly cash dividends of
$0.06 per Common Share and per Limited Partnership unit for the
first quarter ending March 31, 2012. The common share dividend and
limited partnership unit distribution are payable April 16, 2012 to
holders of record as of March 30, 2012.
About Hersha Hospitality Trust
Hersha Hospitality Trust is a self-advised real estate
investment trust, which owns 67 hotels in major urban gateway
markets including New York, Washington, Boston, Philadelphia, Los
Angeles and Miami totaling 9,598 rooms. HT follows a highly
selective investment approach and leverages operational advantage
through rigorous and sustainable asset management practices. For
further information on the Company visit our website at
www.hersha.com.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995, and, as such, may involve known and unknown risks,
uncertainties and other factors that may cause the actual results
or performance to differ from those reflected in the
forward-looking statement. For a description of these factors,
please review the information under the heading “Risk Factors”
included in Hersha Hospitality Trust’s Annual Report on Form 10-K
for the year ended December 31, 2011, filed with the U.S.
Securities Exchange Commission.
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