W2007 Grace Acquisition I, Inc. (fka WGCBP)

[Enterprising Investor]

W2007 Grace Acquisition I, Inc. Fourth Quarter 2014 Dividends (12/30/14)

IRVING, TX — December 30, 2014 — W2007 Grace Acquisition I, Inc. today announced that, while it is no longer subject to covenants that would prevent the payment of dividends, in light of its and its subsidiaries’ current cash position, its and their anticipated capital expenditures, and pending debt maturity in March 2015, it has determined that it is not in the best interest of the Company to declare a fourth quarter 2014 dividend with respect to the 8.75% Series B Cumulative Preferred Stock and 9.00% Series C Cumulative Preferred Stock.

Please refer to the Amended and Restated Charter of W2007 Grace Acquisition I, Inc. for a description of the 8.75% Series B Cumulative Preferred Stock and 9.00% Series C Cumulative Preferred Stock.

CONTACT: W2007 Grace Acquisition I, Inc.
Greg Fay
Tel: [phone]

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