|
La Quinta Corp., Dep Shares 9.00% Cumul Redeem Preferred Shares A
Ticker Symbol: LQI-* CUSIP: 50419Q201 Exchange: NYSE
* NOTE: This security is no longer trading as of 2/02/2006
Security has been Called for: Thursday, February 2, 2006
January 25, 2006 -- La Quinta Corporation and its controlled subsidiary, La Quinta Properties, Inc. today announced that they had completed their mergers with affiliates of The Blackstone Group. Under the terms of the merger agreement, holders of La Quinta paired common shares will receive a total of $11.25 per paired share in cash, without interest. In connection with the closing of the mergers, the aggregate redemption price of LQ Properties 9% Series A Cumulative Redeemable Preferred Stock and the corresponding depositary shares, each Depositary Share representing one-tenth of one share of the Series A Preferred Stock, has been irrevocably deposited with American Stock Transfer & Trust Company. Holders of Depositary Shares may submit their receipts, along with a letter of transmittal, to the Redemption Agent for redemption. As previously announced, holders of Depositary Shares will receive an aggregate redemption price of $25.275 per Depositary Share. Holders of Series A Preferred Stock will receive an aggregate redemption price of $252.75 per share of Series A Preferred Stock. American Stock Transfer & Trust Company, as depositary, is the sole record holder of Series A Preferred Stock and will receive the aggregate Series A Redemption Price for disbursement to the holders of Depositary Shares. Questions regarding the redemption may be directed to the Redemption Agent at (877) 248-6417 or (718) 921-8317. ________
Jan. 13, 2006 -- La Quinta Corporation and its controlled subsidiary, La Quinta Properties, Inc., today announced plans to redeem all outstanding shares of La Quinta Properties' 9% Series A Cumulative Preferred Stock and all of the corresponding outstanding depositary shares, each Depositary Share representing one-tenth of one share of Series A Preferred Stock, effective on February 12, 2006. In connection with the redemption of all outstanding shares of Series A Preferred Stock described below, La Quinta Properties will cause the depositary to redeem on the Redemption Date all of the outstanding Depositary Shares (CUSIP 50419Q201) at the redemption price of $25.00 per share plus $0.275 in accrued and unpaid dividends thereon to the Redemption Date, for an aggregate redemption price of $25.275 per Depositary Share. La Quinta Properties will redeem on the Redemption Date all of the outstanding shares of its Series A Preferred Stock (stated value $250.00 per share) which are represented by the Depositary Shares at the redemption price of $250.00 per share plus $2.750 in accrued and unpaid dividends thereon to the Redemption Date, for an aggregate redemption price of $252.750 per share of Series A Preferred Stock. American Stock Transfer & Trust Company, as depositary, is the sole record holder of Series A Preferred Stock and will receive the aggregate Series A Redemption Price for disbursement to the holders of Depositary Shares.
|
|
QUANTUMONLINE.COM SECURITY DESCRIPTION: MediTrust Corp., now La Quinta Corp., Depositary Shares each representing one-tenth of a share of 9% Series A Cumulative Redeemable Preferred Stock, liquidation preference $25 per depositary share, redeemable at the issuer's option on or after 6/17/2003 at $25 per depositary share plus accrued and unpaid dividends, with no stated maturity, and with distributions of 9.00% ($2.25) per annum paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record on the 15th day on the month in which the payment is due or on the date fixed by the board, not more than 30 days or less than 10 days prior to the payment date. In regards to payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.
|
Go to Parent Company's Record (LQI)
IPO - 6/12/1998 - 7.00 Million Shares @ $25.00/share.
Link to IPO Prospectus
Market Value $142.0 Million
|
Company's Online Information Links
|
| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 909 Hidden Ridge, Suite 600, Irving, TX 75038 |
| Main Phone Number |
214-492-6600 |
| Fax Number |
214-492-6971 |
| Investor Relations
Temple Weiss
|
877-777-6560
|
Toll Free Phone Number |
Unknown |
| CEO - Francis W. Cash |
CFO - David L. Rea |
Find a problem? Please use our Feedback Page or Email us.
Have you filled out our Guestbook? If not, please do.
|
|
