FelCor Lodging calls series C preferreds for redemption on May 14

By Susanna Moon

Chicago, April 14 – FelCor Lodging Trust Inc. said it called all of its outstanding shares of 8% series C cumulative redeemable preferred stock and all depositary shares representing the series C preferred stock.

The preferreds and the depositary shares will be redeemed on May 14 at a cash redemption price of $2,500 per share of series C preferred stock, which is $25.00 per depositary share, plus accrued dividends to the call date, according to a company press release.

The Irving, Texas-based real estate investment trust owns a portfolio of primarily upper-upscale and luxury hotels.

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