Summit Hotel Properties 6.45% Series D Cumulative Redeemable Preferred Stock

By: ,

Date Issued   6/20/2016

Shares Issued  3,000,000    Overallotment Shares  None

S&P Rating   NR   Moodys Rating   NR

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Security Ticker Symbol   INN-D    OTC Grey Market  SMTTP

Market Traded ON   NYSE

Dividend Payment Paid on the last day of February, May, August and November beginning on 08/31/2016

Quarterly Dividend   .403  Annual Dividend   1.6125

Securities may be redeemed, at the issuers option, as early as 06/28/2021  the call price is $25 plus accrued dividends

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Dividend Payment will NOT  be Qualified Distributions

Maturity Date   None

 

Company Investor Relations Page for Summit Hotels Properties

The offering Prospectus and Final Pricing Document Can be Found Here

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