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Eagle Hospitality Properties Trust 8.25% Series A Cum PFD (EHPTP)

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Last Post: 1/11/2016 6:46:55 PM - Followers: 6 - Board type: Free - Posts Today: 0

Eagle Hospitality Properties Trust is real estate investment trust that owns 13 upscale full-service, all-suite hotels in Puerto Rico, Arizona, California, Colorado, Florida, New York, Kentucky, Ohio, Illinois, and Massachusetts. That's over 3,500 guest rooms, and includes brand names of Marriott, Hilton Embassy Suites, and Hyatt.

On August 15, 2007, Eagle Hospitality Properties Trust, Inc. completed a merger with AP AIMCAP Holdings LLC, a Delaware limited liability company (also known as "New Eagle"), a joint venture of Apollo Real Estate Venture Fund V, L.P. and AIMCAP VII LLC, pursuant to a Plan of Merger, dated as of April 27, 2007. The joint venture acquired all of the outstanding common stock of the Company in an all-cash transaction valued at approximately $259,228,671. The joint venture did not acquire any of the shares of the Company's 8.25% Series A Cumulative Redeemable Preferred Stock, which was converted on a one-for-one basis into shares of Merger Sub's 8.25% Series A Series A Cumulative Redeemable Preferred Stock. The Merger Sub Preferred Stock has terms identical to the terms of the Company Preferred Stock. In connection with the Merger, the common stock and the Company Preferred Stock ceased trading on the New York Stock Exchange after the closing of the market on August 15, 2007. Also upon consummation of the merger, Merger Sub changed its name to Eagle Hospitality Properties Trust, Inc.

Eagle Hospitality Properties Trust, 8.25% Series A Cumulative Redeemable Preferred Shares, liquidation preference $25 per share, redeemable at the issuer's option on or after 6/14/2010 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions of 8.25% ($2.0625) per annum are paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record on the date fixed by the board, not more than 30 days or less than 10 days prior to the payment date (NOTE: the ex-dividend date is at least 2 business days prior to the record date). Dividends paid by preferreds issued by REITs are NOT eligible for the 15% 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.
 



 


 

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#110   A shot in the dark. Enterprising Investor 01/11/16 06:46:55 PM
#109   I think you're "hot". Juschilln 05/06/14 10:38:41 AM
#108   What Happened? Hank Moody 12/17/12 07:38:26 PM
#107   I don't recall any document or PR saying ChuckD-MSB 12/12/12 03:16:24 PM
#106   No position here but I watch a few mrholty 12/12/12 01:00:09 PM
#105   http://www.sacbee.com/2012/12/11/5046179/eagle-hospitalitys-secured-lender.html Lawrence 147 12/11/12 10:43:58 PM
#104   I expect one as well, the fund that ChuckD-MSB 12/11/12 03:37:42 PM
#103   Sorry to hear that, I usually try to vpagano 12/11/12 02:16:45 PM
#102   Expect class action lawsuit. Enterprising Investor 12/11/12 02:04:20 PM
#101   I was not so lucky. Sold my entire position Enterprising Investor 12/11/12 01:29:51 PM
#100   Sorry I didn't mention I had sold my vpagano 12/11/12 10:08:38 AM
#99   Email from my buddy that first got me ChuckD-MSB 11/18/12 03:11:35 PM
#98   Hmm interesting. Here's what I got: vpagano 11/15/12 06:13:52 PM
#97   Thank you for contacting us in regard to ChuckD-MSB 11/15/12 05:12:10 PM
#96   Thanks, I was planning on setting a buy ChuckD-MSB 11/15/12 04:36:24 PM
#95   I made a quick call to my broker vpagano 11/15/12 04:31:02 PM
#94   Really weird, I got this email Thu Nov ChuckD-MSB 11/15/12 04:24:47 PM
#93   Wow, mine just reappeared too in the holdings vpagano 11/15/12 04:20:33 PM
#92   I got a confirmation order for 500 of ChuckD-MSB 11/15/12 04:16:17 PM
#91   Well someone really wanted shares, they knocked out vpagano 11/15/12 04:04:28 PM
#90   Then my old hometown Hilton too: vpagano 11/02/12 02:36:20 PM
#89   Hilton sale in North Carolina: vpagano 11/02/12 02:33:34 PM
#88   Seattle Hilton sold last week: vpagano 11/02/12 02:26:41 PM
#87   Marriot Sales: vpagano 11/02/12 02:18:57 PM
#86   Looks like they could be. vpagano 11/02/12 02:12:11 PM
#85   Older but data is consistent for Embassy prices. vpagano 11/02/12 02:02:48 PM
#84   If we were on any other market than stoman23 10/24/12 02:19:51 PM
#83   I guess a hedge fund could be considered vpagano 10/24/12 10:12:49 AM
#82   Only what you posted from the credit union, ChuckD-MSB 10/23/12 08:42:11 PM
#81   Sure is some heavy buying for the price vpagano 10/23/12 06:18:34 PM
#80   1,140,290 shares traded today, over 25% of the total ChuckD-MSB 10/23/12 03:28:24 PM
#79   Castle Union LLC has a position in EHPTP. vpagano 10/23/12 11:00:34 AM
#78   Anybody else notice the buying floor on the vpagano 10/15/12 10:44:08 AM
#77   I have a friend in OR who had ChuckD-MSB 10/04/12 04:13:05 PM
#76   What's a few thousand bucks between friends eh vpagano 10/04/12 03:56:13 PM
#75   Little over 105K per room to be more ChuckD-MSB 10/04/12 03:41:09 PM
#74   FelCor sells two Embassy Suites hotels for $70 vpagano 10/04/12 03:22:00 PM
#73   http://video.cnbc.com/gallery/?video=3000119620#eyJ2aWQiOiIzMDAwMTIwMTQwIiwiZW5j 56Chevy 10/04/12 02:26:00 PM
#72   Marriot International reported earnings yesterday and a few vpagano 10/04/12 09:27:14 AM
#71   Contacting IR would probably be your best bet, ChuckD-MSB 10/02/12 04:41:15 PM
#70   Yeah, I just saw that posted right before vpagano 10/02/12 03:43:24 PM
#69   http://seekingalpha.com/instablog/4942951-grizzly-bear/1114031-why-eagle-preferr ChuckD-MSB 10/02/12 03:31:39 PM
#68   I would love to see it dawsonchuck@hotmail.com ChuckD-MSB 09/28/12 05:03:47 PM
#67   EI, Chuck, Chevy: vpagano 09/28/12 03:57:05 PM
#66   EHPTP Fails to Declare Second Quarter Dividend (9/17/12) Enterprising Investor 09/26/12 12:16:36 AM
#65   (9/17/12) Purchase, NY (September 17, 2012) - Eagle Hospitality Enterprising Investor 09/26/12 12:16:06 AM
#64   Hotel Construction Sees Comeback in U.S. (9/19/12) Enterprising Investor 09/19/12 02:04:32 PM
#63   Eagle to sell portfolio and pay off Blackstone ChuckD-MSB 09/18/12 11:40:56 AM
#62   Blackstone equity appears to be $115 to $118 million. Enterprising Investor 09/15/12 07:29:46 AM
#61   JP Morgan Backs Hotel Play by Blackstone (6/08/12) Enterprising Investor 09/15/12 07:19:11 AM
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