FelCor Announces Preferred Dividends for First Quarter
31 Março 2004 - 3:54PM
PR Newswire (US)
FelCor Announces Preferred Dividends for First Quarter IRVING,
Texas, March 31 /PRNewswire-FirstCall/ -- FelCor Lodging Trust
Incorporated , the nation's second largest hotel real estate
investment trust (REIT), today announced its first 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 first quarter dividends
will each be payable on April 30, 2004, to stockholders of record
on April 15, 2004. FelCor is the nation's second largest lodging
REIT and the largest owner of full service, all-suite hotels.
FelCor's consolidated portfolio is comprised of 158 hotels, located
in 33 states and Canada. FelCor owns 71 upscale, all-suite hotels,
and is the owner of the largest number of Embassy Suites Hotels(R)
and Doubletree Guest Suites(R) hotels in the U.S. FelCor's
portfolio also includes 75hotels 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 theoccurrence of future events, may cause actual
results to differ materially from those currently anticipated.
Certain of these risks and uncertainties are described 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: Richard J.
O'Brien, Executive Vice President and CFO, +1-972-444-4932, or , or
Monica L. Hildebrand, Vice President of Communications,
+1-972-444-4917, or , or Stephen A. Schafer, Vice President of
Investor Relations, +1-972-444-4912, or , all of FelCor Lodging
Trust Incorporated Web site: http://www.felcor.com/
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