W2007 Grace Acquisition I, Inc. (fka WGCBP)

[Madmartigan]

Rumors swirling that Whitehall is close to agreeing to terms to sell the Equity Inns Portfolio. Pricing for the assets is unclear. What WH will do with the proceeds is also unclear.

The critical date to watch here will be June 30, as that is the next dividend distribution date, and seeing as how the senior debt no longer contains any restrictive cash traps, Whitehall has no argument as to why they would not declare a dividend.