Ryman Hospitality Properties, Inc. Declares Fourth Quarter Dividend
December 05 2014 - 4:05PM
Business Wire
Ryman Hospitality Properties, Inc. (NYSE:RHP) today announced
that its Board of Directors declared a cash dividend of $0.55 per
share of common stock payable on January 15, 2015 to stockholders
of record on December 30, 2014.
As a result of the declaration of the dividend, effective
immediately after the close of business on December 26, 2014,
pursuant to customary anti-dilution adjustments, the exercise price
of the common stock warrants related to the Company’s 3.75 percent
convertible notes due 2014 will be adjusted to preserve the
economic benefit to the warrant holders.
About Ryman Hospitality Properties,
Inc.
Ryman Hospitality Properties, Inc. (NYSE: RHP), is a real estate
investment trust for federal income tax purposes, specializing in
group-oriented, destination hotel assets in urban and resort
markets. The Company’s owned assets include a network of four
upscale, meetings-focused resorts totaling 7,795 rooms that are
managed by world-class lodging operator Marriott International,
Inc. under the Gaylord Hotels brand. Other owned assets managed by
Marriott International, Inc. include Gaylord Springs Golf Links,
the Wildhorse Saloon, the General Jackson Showboat and the Inn at
Opryland, a 303-room overflow hotel adjacent to Gaylord Opryland.
The Company also owns and operates a number of media and
entertainment assets, including the Grand Ole Opry (opry.com), the
legendary weekly showcase of country music’s finest performers for
nearly 90 years; the Ryman Auditorium, the storied former home of
the Grand Ole Opry located in downtown Nashville; and WSM-AM, the
Opry’s radio home. For additional information about Ryman
Hospitality Properties, visit www.rymanhp.com.
Cautionary Note Regarding
Forward-Looking Statements
This press release contains “forward-looking statements”
concerning the Company’s expectations, future results and
underlying assumptions, and other statements that are not
necessarily based on historical facts. An example is the statement
concerning the payment of dividends. Forward-looking statements are
subject to risks and uncertainties that could cause actual results
to differ materially from the statements made. These include the
risks and uncertainties described in the filings made from time to
time by the Company with the U.S. Securities and Exchange
Commission, including the risk factors described in the Company’s
Annual Report on Form 10-K for the fiscal year ended December 31,
2013 and subsequent Quarterly Reports on Form 10-Q. The Company
does not undertake any obligation to release publicly any revisions
to forward-looking statements made by it to reflect events or
circumstances occurring after the date hereof or the occurrence of
unanticipated events.
Investor Relations:Ryman Hospitality Properties, Inc.Mark
Fioravanti, 615-316-6588Executive Vice President and Chief
Financial Officermfioravanti@rymanhp.comorTodd Siefert,
615-316-6344Vice President of Corporate Finance &
Treasurertsiefert@rymanhp.comorMedia:Ryman Hospitality
Properties, Inc.Brian Abrahamson, 615-316-6302Vice President of
Corporate Communicationsbabrahamson@rymanhp.comorSloane &
CompanyJosh Hochberg, 212-446-1892jhochberg@sloanepr.comorDan
Zacchei, 212-446-1882dzacchei@sloanepr.com
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