Preferred Stock Channel
LaSalle Hotel Properties | 7.25% Series G Cumulative Redeemable Preferred Shares of Beneficial Interest (LHO.PRG)

This preferred is marked as having been called.
Prospectus excerpt:  We are offering 4,000,000 shares of our 7.25% Series G Cumulative Redeemable Preferred Shares, par value $.01 per share. We will pay cumulative distributions on the Series G Preferred Shares from (but excluding) the date of original issuance in the amount of $1.8125 per share each year, which is equivalent to 7.25% of the $25.00 liquidation preference per share. Distributions on the Series G Preferred Shares will be payable quarterly in arrears, beginning in January 2007.

Generally, we may not redeem the Series G Preferred Shares until November 17, 2011. On or after November 17, 2011, we may, at our option, redeem the Series G Preferred Shares, in whole or in part, by paying $25.00 per share, plus any accrued and unpaid distributions to and including the date of redemption. Under limited circumstances, we are required to pay a distribution rate on the Series G Preferred Shares of 8.25% of the liquidation preference per annum. In that event, we may redeem the Series G Preferred Shares, whether before or after November 17, 2011. The Series G Preferred Shares have no maturity date and will remain outstanding indefinitely unless redeemed.

Full Prospectus PDF », LHO Page »

Alternate symbology:LHO-G, LHO-PG, LHOprG
Call Date:11/17/2011 (Now Trading Post Call Date)
Shares Offered:4,000,000
Liquidation Preference:$25
Original Coupon:7.25%
Pay Period:Quarterly
Pay Dates:15-Jan, 15-Apr, 15-Jul, 15-Oct
LaSalle Hotel Properties is a self-administered and self-managed real estate investment trust. Co. primarily buys, owns, redevelops and leases upscale and luxury full-service hotels located in convention, resort and urban business markets.


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Name:  LaSalle Hotel Properties
Sector:  REITs

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