Summit Hotel Properties 6.45% Series D Cumulative Redeemable Preferred Stock
By: Tim McPartland,
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
Dividend Payment will NOT be Qualified Distributions
Maturity Date None
Company Investor Relations Page for Summit Hotels Properties
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The offering Prospectus and Final Pricing Document Can be Found Here
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Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
