Hersha Hospitality files automatic shelf covering stock, preferreds

By Devika Patel

Knoxville, Tenn., May 6 - Hersha Hospitality Trust filed an automatic shelf registration in an S-3 ASR filing with the Securities and Exchange Commission.

The registration covers common shares, preferred shares, depositary shares, warrants and units.

The securities may be structured as convertibles.

Proceeds will be used for general corporate purposes.

Hersha is a Philadelphia-based real estate investment trust that focuses on upscale hotels in markets with high barriers to entry.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.