Hersha HospitalityTrust decided to redeem all of its 8.00% series B cumulative redeemablepreferred shares of beneficial interest.
The redemption date will be June 8.
The 4.6 million outstanding series B preferred shares will beredeemed at a per-share price of $25.00 together with accrued and unpaid dividendsthrough the redemption date in the amount of 37.22 cents per series B preferredshare. That equates to an aggregate per-share redemption price of $25.3722.
The redemption agent is American Stock Transfer and Trust Co.LLC.