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Enterprising Investor

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Tuesday, 10/01/2013 12:27:47 AM

Tuesday, October 01, 2013 12:27:47 AM

Post# of 343
W2007 Grace Acquisition I, Inc Third Quarter 2013 Dividends (9/30/13)

IRVING, TX — September 30, 2013 — W2007 Grace Acquisition I, Inc. today announced that it will not declare a third quarter 2013 dividend with respect to the 8.75% Series B Cumulative Preferred Stock and 9.00% Series C Cumulative Preferred Stock in connection with certain covenants contained in the loan documentation put in place in October 2007.

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.
Dan Smith
Tel: (972) 368-2081

http://www.snl.com/Cache/1500052653.PDF?Y=&O=PDF&D=&FID=1500052653&T=&IID=103147

"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International

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