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RLJ Lodging Trust, $1.95 Series A Cumulative Convertible Preferred Shares
Ticker Symbol: RLJ-A* CUSIP: 31430F200 Exchange: NYSE
* NOTE: This security is no longer trading as of 9/01/2017
QUANTUMONLINE.COM SECURITY DESCRIPTION: RLJ Lodging Trust, formerly the FelCor Lodging Trust, $1.95 Series A Cumulative Convertible Preferred Stock, issue price $25 per share, redeemable on or after 4/30/2001 at $25 plus accrued and unpaid dividends, with no stated maturity, and with distributions 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 (NOTE: the ex-dividend date is one business day prior to the record date). The distributions will be the greater of $1.95 per annum or the dividend equal to the common stock dividend into which the Series A shares are convertible. The preferred shares are convertible at any time, at the option of the holder, into 0.2806 shares of common stock, an initial conversion price of $89.09 per common share. At any time, if the price of the common stock exceeds the then prevailing conversion price for 20 of any 30 consecutive trading days, the company may, at their option, force the preferred shares to be converted into common shares at the then prevailing conversion price.
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Stock Exchange |
Cpn Rate Ann Amt |
LiqPref CallPrice |
Call Date Matur Date |
Moodys/S&P Dated |
Conv Shrs Conv Price |
Distribution Dates |
15% Tax Rate |
NYSE
Chart
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7.80%
$1.95
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$25.00
$25.00
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Any time
None
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B1
B-
9/10/2017
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0.2806
$89.09
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1/31, 4/30, 7/31 & 10/31
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
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No
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Go to Parent Company's Record (RLJ)
Notes: 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.
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IPO - 9/1/2017 - 12.95 Million Shares @ $25.00/share.
Link to IPO Prospectus
Previous Ticker Symbol: FCH-A Changed: 9/01/2017
Previous Name: FelCor Lodging Trust, $1.95 Series A Cumul Convertible Preferred Stock Changed: 9/01/2017
Market Value $324.0 Million
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: 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
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972-444-4912
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Toll Free Phone Number |
Unknown |
CEO - Richard A. Smith |
CFO - Andrew J. Welch |
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