Hersha Hospitality Trust Announces Third Quarter Dividends.PHILADELPHIA -- Hersha Hospitality Trust (AMEX AMEX See: American Stock Exchange : HT), owner of nationally franchised premium full service and limited service hotels, today announced that its Board of Trustees board of trustees Politics The posse of thugs who oversee an institution's administration. See Board of directors. declared a cash dividend of $0.50 per Series A Preferred Share for the third quarter ending September 30, 2007. The preferred share dividend is payable October 15, 2007 to holders of record as of October 1, 2007. The Board of Trustees also declared quarterly cash dividends of $0.18 per Common Share and per Limited Partnership unit for the third quarter ending September 30, 2007. The common share dividend and limited partnership unit distribution are payable on October 16, 2007 to shareholders and unitholders of record on September 28, 2007. The common share dividend represents an approximate annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. yield of 7.0%, based upon the September 20, 2007 closing share price of $10.30, and is the 34th consecutive common share dividend paid by the Company, at this per share amount, since its initial public offering. About Hersha Hospitality Trust Hersha Hospitality Trust is a self-advised real estate investment trust, which owns interests in 73 hotels totaling 9,395 rooms, primarily along the Northeast Corridor This article is about a rail line. For the agglomeration of metropolitan areas, see BosWash. For the New Jersey Transit line, see Northeast Corridor Line. The Northeast Corridor (NEC from Boston to Washington DC. The Company also owns hotels in Northern California and Scottsdale, Arizona. Hersha focuses on high quality upscale hotels in high barrier to entry markets. More information on the Company and its portfolio of hotels is available on Hersha's Web site at http://www.hersha.com. Forward Looking Statement Certain matters within this press release are discussed using forward-looking language as specified in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 projected in the forward-looking statement forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . For a description of these factors, please review the information under the heading "Risk Factors" included in our Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2006, filed with the Securities Exchange Commission (SEC). |
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