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FelCor Lodging Trust, 8.00% Dep Shares Series C Cumul Redeem Preferred Stock
Ticker Symbol: FCH-C*     CUSIP: 31430F507     Exchange: NYSE
Security Type:   Traditional Preferred Stock
* NOTE: This security is no longer trading as of 5/14/2015

Security has been Called for:  Thursday, May 14, 2015

April 14, 2015 -- FelCor Lodging Trust Incorporated (FCH) today announced that it is calling for redemption of all of its outstanding shares of 8% Series C Cumulative Redeemable Preferred Stock and all depositary shares representing the Series C Preferred Stock (CUSIP No. 31430F507). The shares of Series C Preferred Stock and the depositary shares will be redeemed on May 14, 2015, at a cash redemption price of $2,500.00 per share of Series C Preferred Stock (equivalent to $25.00 per depositary share), plus accrued and unpaid dividends to the Call Date. ____________ January 11, 2011 -- FelCor Lodging Trust Incorporated (NYSE:FCH) today announced that it has reinstated the quarterly dividend payments on its Series A Cumulative Convertible Preferred Stock and its 8% Series C Cumulative Redeemable Preferred Stock. FelCor will pay the current quarterly dividends of $0.4875 per share on its Series A Preferred Stock and $0.50 per depositary share evidencing its Series C Preferred Stock. The dividends will each be due and payable on January 31, 2011, to stockholders of record on January 18, 2011. The Company was previously restricted from paying dividends as it did not meet an interest coverage threshold relating to its 10% Senior Secured Notes. However, pro forma interest coverage for the most recently reported quarter exceeds the minimum threshold, as a result of the positive impact from recent capital transactions, including recent hotel dispositions. ____________ March 31, 2009 -- FelCor Lodging Trust Incorporated today announced that it has suspended the quarterly dividend payments on its Series A Cumulative Convertible Preferred Stock and its 8% Series C Cumulative Redeemable Preferred Stock. This decision reflects the company’s continued focus on preserving liquidity. The company does not anticipate that it will be required to pay any further dividends in 2009 to maintain its REIT status. By suspending its preferred dividends, the company will preserve approximately $10 million of liquidity per quarter, and expects to generate positive cash flow during 2009. Operating results through February were in-line with the high-end of our expectations. In the face of a difficult operating environment, I am pleased with our operating results so far this year, which reflect the continued expense management at the hotels and market share growth. However, given our focus on preserving liquidity during the recession, we feel that it is prudent to suspend our preferred dividend until conditions improve, said Richard A. Smith, FelCor’s President and Chief Executive Officer.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  FelCor Lodging Trust Inc., Depositary Shares each representing 1/100 of a share of 8.00% Series C Cumulative Redeemable Preferred Stock, liquidation preference $25 per depositary share, redeemable at the issuer's option on or after 4/07/2010 at $25 per share plus accrued and unpaid dividends, with no stated maturity, and with distributions of 8.00% ($2.00) per annum paid quarterly on 1/31, 4/30, 7/31 & 10/31 to holders of record on the date fixed by the board, not more than 60 days prior to the payment date. Dividends paid by preferreds issued by REITs are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. 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.
Stock
Exchange
Cpn Rate
Ann Amt
LiqPref
CallPrice
Call Date
Matur Date
Moodys/S&P
Dated
Distribution Dates 15%
Tax Rate
NYSE
Chart
8.00%
$2
$25.00
$25.00
Called for
5/14/2015

None
Caa2 CCC
5/05/2015
1/31, 4/30, 7/31 & 10/31
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
No

Go to Parent Company's Record (RLJ)

IPO - 3/9/2005 - 5.40 Million Shares @ $25.00/share.    Link to IPO Prospectus
Previous Ticker Symbol: FCHZL    Changed: 4/08/2005
Market Value $135.0 Million

Company's Online Information Links
HOME PAGE:     http://www.felcor.com/
Company's Investor Relations Information Go to Investor Relations Information
Company's Online News Releases Go to News Releases
Online Company Profile Go to Online Profile

Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Go to SEC Filings

Company's Email Address Links
Inv Rel Email Address sschafer@felcor.com
General Email Address information@felcor.com
Email Request Form on Website Go to Email Form

Address and Phone Numbers
Address:   545 East John Carpenter Freeway, Suite 1300, Irving, TX 75062
Main Phone Number 972-444-4900
Fax Number 972-444-4949
Investor Relations   Stephen A. Schafer 972-444-4912
Toll Free Phone Number Unknown
CEO - Richard A. Smith CFO - Andrew J. Welch

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