Host Hotels & Resorts, Inc. to Redeem Class E Cumulative Redeemable Preferred Stock on June 18, 2010
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Host Hotels & Resorts, Inc. to Redeem Class E Cumulative Redeemable Preferred Stock on June 18, 2010
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Category: Worldwide - Industry economy
- Figures / Studies
This is a press release selected by our editorial committee and published online for free on 2010-05-20
Host Hotels & Resorts, Inc. (NYSE:HST), the nation's largest lodging real estate investment trust (REIT), today announced that it will redeem 4,034,300 shares of its 8 7/8% Class E cumulative redeemable preferred stock, which represents all of the issued and outstanding shares, on June 18, 2010. The 8 7/8% Class E cumulative redeemable preferred stock will be redeemed at a redemption price of $25.00 per share, plus $0.3944444 per share of dividends accrued from April 15, 2010 to the redemption date of June 18, 2010.
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