Equity Inns Announces Common Share and Preferred Dividends
14 Dezembro 2006 - 5:21PM
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 $0.23 per common
share, $0.546875 per Series B preferred share and $0.50 per Series
C preferred share. The record date for the common share dividend
and the preferred dividends is December 29, 2006. Both the common
share dividend and the preferred dividends are payable on January
31, 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 125 hotels with 14,924 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 2006. 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 2005 Annual
Report on Form 10-K filed on March 15, 2006, 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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