Strategic Hotels & Resorts Announces Payment Of Preferred Dividends
Strategic Hotels & Resorts, Inc. (NYSE: BEE), today announced the payment of previously declared 14 quarters of preferred dividends to shareholders of record as of June 15, 2012, equating to $7.4375 per share of Series A Cumulative Redeemable Preferred Stock ($0.53125 per share per quarter), $7.21882 per share of Series B Cumulative Redeemable Preferred Stock ($0.51563 per share per quarter), and $7.21882 per share of Series C Cumulative Redeemable Preferred Stock ($0.51563 per share per quarter). Payment of the dividends had been contingent upon the Company’s ability to meet, on the June 29, 2012 payment date, the requirements of the Maryland General Corporation Law (“Maryland Dividend Requirement”) with respect to the payment of the dividends. The Company satisfied the Maryland Dividend Requirement as of June 29, 2012.
IRS Form 8937 has been posted to the Company’s web site in the Investor Relations section describing the impact the dividend has on a shareholder’s tax basis in its shares.