FelCor Announces Preferred Dividends for Fourth Quarter
18 Dezembro 2003 - 6:07PM
PR Newswire (US)
FelCor Announces Preferred Dividends for Fourth Quarter IRVING,
Texas, Dec. 18 /PRNewswire-FirstCall/ -- FelCor Lodging Trust
Incorporated , the nation's second largest hotel real estate
investment trust (REIT), today announced its fourth quarter
preferred dividends. FelCor will pay a dividend of $0.4875 per
share on its $1.95 Series A Cumulative Convertible Preferred Stock
and $0.5625 per depositary share evidencing its 9% Series B
Cumulative Redeemable Preferred Stock. The fourth quarter dividends
will each be payable on January 30, 2004, to preferred stockholders
of record on December 31, 2003. FelCor is the nation's second
largest lodging REIT and the owner of the largest number of full
service, all-suite hotels in the nation. FelCor's consolidated
portfolio is comprised of 161 hotels, located in 33 states and
Canada. FelCor owns 71 full service, all-suite hotels, and is the
owner of the greatest number of Embassy Suites Hotels(R) and
Doubletree Guest Suites(R) hotels. FelCor's portfolio also includes
77 hotels in the upscale and full service segments. FelCor has a
current market capitalization of approximately $3.0 billion.
Additional information can be found on the Company's Web site at
http://www.felcor.com/ . With the exception of historical
information, the matters discussed in this news release include
"forward looking statements" within the meaning of the federal
securities laws. Forward looking statements are not guarantees of
future performance. Numerous risks and uncertainties, and the
occurrence of future events, may cause actual results to differ
materially from those currently anticipated. General economic
conditions, including the timing and magnitude of any recovery from
the current soft economy, the continuing impact of the war in Iraq,
future acts of terrorism, the impact of SARS on the travel
industry, the availability of capital, and numerous other factors
may affect future results, performance and achievements. These
risks and uncertainties are described in greater detail in our
filings with the Securities and Exchange Commission. 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.
DATASOURCE: FelCor Lodging Trust Incorporated CONTACT: Monica L.
Hildebrand, Vice President of Communications, +1-972-444-4917, or ,
or Stephen A. Schafer, Director of Investor Relations,
+1-972-444-4912, or , both of FelCor Lodging Trust Incorporated Web
site: http://www.felcor.com/
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