PEBBLEBROOK HOTEL TRUST (NYSE:PEB) Files An 8-K Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure.
press release announcing that its Board of Trustees has declared
cash dividends per share of its common and preferred shares of
beneficial interest.
report and is incorporated by reference herein.
Board) declared a dividend of $0.38 per share on the Company’s
common shares of beneficial interest, $0.01 par value per share
(Common Shares), for the quarter ending March 31, 2017 (the
Common Dividend).
of $0.40625 per share on the Company’s 6.50% Series C Cumulative
Redeemable Preferred Shares of Beneficial Interest, $0.01 par
value per share (Series C Preferred Shares), for the quarter
ending March 31, 2017 (the Series C Preferred Dividend).
of $0.39844 per share on the Company’s 6.375% Series D
Cumulative Redeemable Preferred Shares of Beneficial Interest,
$0.01 par value per share (Series D Preferred Shares), for the
quarter ending March 31, 2017 (the Series D Preferred Dividend).
record of Common Shares as of the close of business on March 31,
2017 (the Record Date).
holders of record of Series C Preferred Shares as of the Record
Date. The Series C Preferred Dividend represents a rate of 6.50%
per annum of the $25 per share liquidation preference (equivalent
to $1.625 per annum per share).
holders of record of Series D Preferred Shares as of the Record
Date. The Series D Preferred Dividend represents a rate of 6.375%
per annum of the $25 per share liquidation preference (equivalent
to $1.59375 per annum per share).
forward-looking statements within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Act of 1934, as amended, to the safe harbor provisions
of the Private Securities Reform Act of 1995. These
forward-looking statements relate to the payment of the
dividends. Forward-looking statements are based on certain
assumptions and can include future expectations, future plans and
strategies, financial and operating projections or other
forward-looking information.
uncertainties, not all of which are known to the Company and many
of which are beyond the Companys control, which could cause
actual results to differ materially from such statements. These
risks and uncertainties include, but are not limited to, the
state of the U.S. economy, supply and demand in the hotel
industry and other factors as are described in greater detail in
the Companys filings with the Securities and Exchange Commission,
including, without limitation, the Companys Annual Report on Form
10-K for the year ended December 31, 2016. Unless legally
required, the Company disclaims any obligation to update any
forward-looking statements, whether as a result of new
information, future events or otherwise.
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Exhibit No.
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Description
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99.1
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Press release, dated March 15, 2017, regarding the
dividends declaration. |
About PEBBLEBROOK HOTEL TRUST (NYSE:PEB)
Pebblebrook Hotel Trust is a hotel investment company. The Company operates as a real estate investment trust (REIT). The Company is organized to acquire and invest in hotel properties located primarily in cities of the United States. The Company has interests in approximately 40 hotels, including over 30 owned hotels with a total of approximately 7,410 guest rooms, and approximately 49% joint venture interest in over six hotels with a total of approximately 1,790 guest rooms. The hotels are located in markets, including Atlanta (Buckhead), Georgia; Bethesda, Maryland; Boston, Massachusetts; Hollywood, California; Los Angeles, California; Miami, Florida; Naples, Florida; Portland, Oregon; San Diego, California; San Francisco, California; Santa Monica, California; Seattle, Washington; Stevenson, Washington, and West Hollywood, California. The Company’s assets are held by, and all of the operations are conducted through, Pebblebrook Hotel, L.P. (the Operating Partnership). PEBBLEBROOK HOTEL TRUST (NYSE:PEB) Recent Trading Information
PEBBLEBROOK HOTEL TRUST (NYSE:PEB) closed its last trading session up +0.51 at 28.27 with shares trading hands.