Preferred Stock Channel
Strategic Hotels & Resorts, Inc. | 8.50% Series A Cumulative Redeemable Preferred Stock (BEE.PRA)

This preferred is marked as having been called.
Prospectus excerpt:  We are offering 425,000 shares of our 8.50% Series A Cumulative Redeemable Preferred Stock, par value $0.01 per share, which we refer to in this prospectus supplement as the Series A Preferred Stock. The shares being offered by this prospectus supplement are a further issuance of, form a single series with, and have the same terms as, our outstanding shares of 8.50% Series A Cumulative Redeemable Preferred Stock. We pay cumulative dividends on the Series A Preferred Stock in the amount of $2.125 per share each year, which is equivalent to 8.50% of the $25.00 liquidation preference per share. Dividends on the Series A Preferred Stock offered hereby will be payable quarterly in arrears, beginning on December 31, 2007.

Investors in our Series A Preferred Stock generally have no voting rights but will have limited voting rights if we fail to pay dividends for six or more quarters and under certain other circumstances.

We may not redeem the Series A Preferred Stock before March 16, 2010, except in limited circumstances to preserve our status as a real estate investment trust, or REIT. On or after March 16, 2010, we may, at our option, redeem the Series A Preferred Stock, in whole or in part, by paying $25.00 per share, plus any accrued and unpaid dividends to the redemption date. Our Series A Preferred Stock has no stated maturity, will not be subject to any sinking fund or mandatory redemption and will not be convertible into any of our other securities.

Full Prospectus PDF », Secondary Prospectus PDF », BEE Page »

Series:A
Alternate symbology:BEE-A, BEE-PA, BEEprA
Redeemable?:Yes
Call Date:3/16/2010 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:425,000
Overallotment:63,750
Liquidation Preference:$25.00
Original Coupon:8.50%
Pay Period:Quarterly
Pay Dates:31-Mar, 30-Jun, 30-Sep, 31-Dec
CDx3 Compliance Rating: Learn BEE.PRA's Rating
Strategic Hotels & Resorts operates as a self-administered and self-managed real estate investment trust. Co. conduct its operations through its direct and indirect subsidiaries including Strategic Hotel Funding, L.L.C. As of Feb 23 2015, Co.: wholly owned or leased 14 hotels, had 53.5% and 51.0% interests in affiliates that each own one hotel where Co. asset managed such hotels, own land held for development including: 50.7 acres of oceanfront land in Nayarit, Mexico; 13.8 acres of land in Scottsdale, AZ, entitled for development and residential usage; and a 20,000 sq. ft. oceanfront land parcel in Santa Monica, CA, entitled for development and residential units.

Preferreds: BEE.PRB, BEE.PRC, BEE.PRA


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Name:  Strategic Hotels & Resorts, Inc.
Website:  www.strategichotels.com
Sector:  REITs

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