Innkeepers USA Trust Announces 2006 Dividend Allocation
30 Januar 2007 - 4:30PM
PR Newswire (US)
PALM BEACH, Fla., Jan. 30 /PRNewswire-FirstCall/ -- Innkeepers USA
Trust (NYSE:KPA), a hotel real estate investment trust (REIT) and a
leading owner of upscale, extended-stay hotel properties throughout
the United States, today announced the characterization of
dividends declared in 2006 for income tax reporting purposes.
Common share dividend characterization: Common Common Common
Dividend Share Share Type of Declaration Record Payment Per
Ordinary Return of Dividend Date Date Date Share Income Capital
Regular 02/02/06 03/31/06 04/25/06 $0.15 $0.1419 $0.0081 Regular
05/02/06 06/30/06 07/25/06 0.15 0.1419 0.0081 Regular 08/30/06
09/29/06 10/31/06 0.20 0.1892 0.0108 Regular 12/14/06 12/29/06
01/30/07 0.23 0.2175 0.0125 $0.73 $0.6905 $0.0395 Series C
cumulative preferred share dividend characterization: Series Series
C Cum. Pfd. Cum. Pfd. Type of Declaration Record Payment Dividend
Ordinary Dividend Date Date Date Per Share Income Regular 02/02/06
03/31/06 04/25/06 $0.50 $0.50 Regular 05/02/06 06/30/06 07/25/06
0.50 0.50 Regular 08/30/06 09/29/06 10/31/06 0.50 0.50 Regular
12/14/06 12/29/06 01/30/07 0.50 0.50 $2.00 $2.00 No portion of the
dividends declared in 2006 represented foreign taxes or capital
gains. None of the common dividends paid by the company were
qualified dividends. The CUSIP number for Innkeepers USA Trust
common shares is 4576JO 10 4; the CUSIP number for the Series C
cumulative preferred shares is 4576JO 40 1. Registered holders of
Innkeepers USA Trust common and cumulative preferred shares who
received any of the dividends specified in the tables above will
receive an Internal Revenue Service (IRS) Form 1099-DIV from
Computershare Investor Services, L.L.C., the company's dividend
paying agent. The Form 1099-DIV will report the dividends paid with
respect to 2006. Shareholders whose shares are held in "street
name" will receive an IRS form from the bank, brokerage firm, or
other nominee holding their shares. The regular common share
dividend and regular cumulative preferred share dividend declared
on December 14, 2006 for shareholders of record as of December 29,
2006, and payable on January 30, 2007, will be reported on
shareholders' year 2006 Form 1099. The information in the tables
above will be necessary in order to properly report the company's
dividends on your federal income tax return. The laws governing
state taxation of REIT distributions may vary, and may not be the
same as those governing your federal income taxes. The company
cannot advise shareholders on how distributions should be reported
on their individual tax returns because federal and state tax laws
affect individuals differently. Innkeepers USA Trust owns or is
invested in 76 hotels with a total of 10,259 suites or rooms in 21
states and Washington, D.C., and focuses on acquiring or developing
premium-branded upscale extended-stay and select- service hotels,
the core of the company's portfolio; selected full-service hotels;
and turn-around opportunities for hotels that operate under or can
be converted to the industry's leading brands. For more information
about Innkeepers USA Trust, visit the company's web site at
http://www.innkeepersusa.com/. This press release, and other
publicly available information on the Company, includes forward
looking statements within the meaning of federal securities law.
These statements include terms such as "should," "may," "believe"
and "estimate," or assumptions, estimates or forecasts about future
hotel and Company performance and results, and the Company's future
need for capital. Such statements should not be relied on because
they involve risks that could cause actual results to differ
materially from the Company's expectations when such statements are
made. Some of these risks are set forth in reports filed from time
to time with the SEC and include, without limitation, (i) the
operational risks of the hotel business (including decreasing hotel
revenues and increasing hotel expenses), (ii) risks that war,
terrorism or similar activities, widespread health alerts,
disruption in oil imports or higher oil prices, or changes in
domestic or international political environments negatively affect
the travel industry and the company, (iii) risk of declines in the
performance and prospects of businesses and industries (e.g.,
technology, automotive, aerospace, pharmaceuticals) that are
important hotel demand generators in the company's key markets
(e.g. the Silicon Valley, CA, Northern NJ, Washington, DC, etc.),
(iv) risk that poor, declining and/or uncertain international,
national, regional and/or local economic conditions will, among
other things, negatively affect demand for the company's hotel
rooms and the availability and terms of financing, (v) risk that
the company's ability to maintain its properties in competitive
condition becomes prohibitively expensive, (vi) risk that pricing
in the hotel acquisition market becomes prohibitively expensive or
non-financeable and that potential acquisitions or developments do
not perform in accordance with expectations, (vii) risk that the
Company may invest in hotels of a size or nature (e.g., upscale
full service or resort) different than those it has focused on
historically (e.g., upscale extended-stay, and mid-scale limited
service); (viii) risks that the company may be uninsured or
underinsured against property, casualty or other risks that may
negatively affect its properties, or business, including but not
limited to earthquakes or hurricanes; (ix) risks related to an
increasing focus on development, including permitting risks,
increasing the proportion of Company assets not producing revenue
at a given time and risks that projects cost more, take longer to
complete or do not perform as anticipated; (x) changes in travel
patterns or the prevailing means of commerce (i.e., e-commerce) may
reduce demand for hotels in general or the Company's hotels in
particular, (xi) the complex tax rules that the company must
satisfy to qualify as a REIT and the potentially severe
consequences of failing to satisfy such requirements, and (xii)
governmental regulation that may increase the company's cost of
doing business or otherwise negatively effect its business or its
attractiveness as an investment and create risk of liability for
non-compliance (e.g., changes in laws affecting wages, taxes or
dividends, compliance with building codes, compliance with the
Americans with Disabilities Act, workers compensation law changes,
the Sarbanes-Oxley law, etc.). The Company undertakes no obligation
to update any forward looking statement to reflect actual results,
changes in the Company's expectation, or for any other reason.
Contact: Dennis Craven (Company) Jerry Daly or Carol McCune Chief
Financial Officer Daly Gray (Media) (561) 227-1302 (703) 435-6293
DATASOURCE: Innkeepers USA Trust CONTACT: Dennis Craven (Company),
Chief Financial Officer of Innkeepers USA Trust, +1-561-227-1302;
or Jerry Daly or Carol McCune of Daly Gray (Media),
+1-703-435-6293, for Innkeepers USA Trust Web site:
http://www.innkeepersusa.com/
Copyright
Innkeepers Usa (NYSE:KPA)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Innkeepers Usa (NYSE:KPA)
Historical Stock Chart
Von Jul 2023 bis Jul 2024