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Red Lion Hotels Capital Trust, 9.50% Trust Preferred Securities
Ticker Symbol: RLH-A* CUSIP: 75670L104 Exchange: NYSE
* NOTE: This security is no longer trading as of 12/15/2015
Security has been Called for: Tuesday, December 15, 2015
Nov. 11, 2015 -- Red Lion Hotels Corporation announced today that Red Lion Hotels Capital Trust will redeem all $29.9 million of its issued and outstanding 9.5% Trust Preferred Securities, CUSIP No. 75670L 10 4 and all $0.9 million of its issued and outstanding 9.5% Trust Common Securities on December 15, 2015. The redemption price will be the liquidation amount of $25 per trust preferred security and $25 per trust common security, together with accrued and unpaid distributions to the redemption date. ____________ 6/8/06 -- The correct amount of the partial call is 35% of the holdings per a QOL user. ____________ 6/2/06 -- In a further update we now understand that the call date for RLH- A is 6/23/06 and the partial call is for 50% of his holding. __________
A QOL user has been informed by his broker that a partial call of 35% of his RLH-A preferred shares have been called for mid-June. The early call was allowed due to the success of their recent common stock offering. The 6/15/2006 call date we show is only a guess based on the mid-June call information.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Red Lion Hotels Capital Trust, formerly WestCoast Hospitality Capital Trust, 9.5% Trust Preferred Securities, liquidation amount $25 per share, guaranteed by Red Lion Hotels Corp. (NYSE RLH), formerly WestCoast Hospitality Corp. (See our definition of Guaranteed in our Glossary of Income Investing Terms for the technicalities of the guarantee), redeemable at the issuer's option on or after 2/19/2009 at $25 per share plus accrued and unpaid dividends, maturing 2/19/2044, distributions of 9.50% ($2.375) per annum are paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record one business day prior to the payment date while the securities remain in global security form. The company has the right, at any time, to defer dividend payments for up to 20 consecutive quarters (but not beyond the maturity date). The trust's assets consist of the 9.50% Junior Subordinated Deferrable Interest Debentures due 2/19/2044 which were purchased from the company using the funds generated from the sale of the trust preferred securities. See the IPO prospectus for further information on the trust preferred securities by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (RLH*)
IPO - 2/13/2004 - 1.60 Million Shares @ $25.00/share.
Link to IPO Prospectus
Previous Ticker Symbol: WEH-A Changed: 9/23/2005
Market Value $40.0 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 201 West North River Drive, Suite 100, Spokane, WA 99201 |
| Main Phone Number |
509-459-6100 |
| Fax Number |
509-325-7324 |
| Investor Relations
Julie Langenheim
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509-777-6322
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| Toll Free Phone Number |
877-284-6397 |
| CEO - Anupam Narayan |
CFO - Anupam Narayan |
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