Hospitality Properties Trust Announces Distribution of Shares of The RMR Group Inc.
November 16 2015 - 4:07PM
Business Wire
Hospitality Properties Trust (NYSE: HPT) today announced the
declaration of a pro rata distribution of approximately half of the
shares of Class A Common Stock of The RMR Group Inc. (“RMR”) owned
by HPT to holders of HPT’s common shares of beneficial
interest.
The distribution will be paid to HPT’s common shareholders of
record as of the close of business on November 27, 2015 and
distributed on or about December 14, 2015. Each common shareholder
of HPT entitled to receive RMR shares in the distribution will
receive 0.0166 of a share of Class A Common Stock of RMR for each
common share of beneficial interest of HPT it holds and each
registered shareholder and Depositary Trust Company participant
will receive cash, without interest, in lieu of any fractional RMR
share that it would be otherwise entitled to receive as a result of
the distribution.
A registration statement filed by RMR relating to HPT’s
distribution of shares of Class A Common Stock of RMR was declared
effective by the Securities and Exchange Commission on November 16,
2015. The distribution is subject to the registration statement
remaining effective and to the RMR shares remaining listed on The
NASDAQ Stock Market LLC (NASDAQ) through the distribution date.
This press release is neither an offer to sell nor a solicitation
of an offer to buy shares of Class A Common Stock of RMR, nor shall
there be any sale of these securities in any state or jurisdiction
in which the offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of such
state or jurisdiction.
WARNING CONCERNING
FORWARD LOOKING STATEMENTS
THIS PRESS RELEASE CONTAINS STATEMENTS THAT CONSTITUTE FORWARD
LOOKING STATEMENTS WITHIN THE MEANING OF THE PRIVATE SECURITIES
LITIGATION REFORM ACT OF 1995 AND OTHER SECURITIES LAWS. ALSO,
WHENEVER HPT USES WORDS SUCH AS “BELIEVE”, “EXPECT”, “ANTICIPATE”,
“INTEND”, “PLAN”, “ESTIMATE” OR SIMILAR EXPRESSIONS, HPT IS MAKING
FORWARD LOOKING STATEMENTS. THESE FORWARD LOOKING STATEMENTS ARE
BASED UPON HPT’S PRESENT INTENT, BELIEFS OR EXPECTATIONS, BUT
FORWARD LOOKING STATEMENTS ARE NOT GUARANTEED TO OCCUR AND MAY NOT
OCCUR. ACTUAL RESULTS MAY DIFFER MATERIALLY FROM THOSE CONTAINED IN
OR IMPLIED BY THESE FORWARD LOOKING STATEMENTS AS A RESULT OF
VARIOUS FACTORS. FOR EXAMPLE, HPT EXPECTS TO PAY THE DISTRIBUTION
ON OR ABOUT DECEMBER 14, 2015. THE DISTRIBUTION IS SUBJECT TO THE
CONTINUED EFFECTIVENESS OF THE REGISTRATION STATEMENT COVERING THE
RMR SHARES OF CLASS A STOCK TO BE DISTRIBUTED AND THE CONTINUED
LISTING OF THE RMR SHARES ON THE NASDAQ. THESE CONDITIONS MAY NOT
BE SATISFIED AND, AS A RESULT, THE DISTRIBUTION MAY BE DELAYED, MAY
NOT OCCUR OR THE TERMS MAY CHANGE.
YOU SHOULD NOT PLACE UNDUE RELIANCE UPON FORWARD LOOKING
STATEMENTS.
EXCEPT AS REQUIRED BY LAW, HPT DOES NOT INTEND TO UPDATE OR
CHANGE ANY FORWARD LOOKING STATEMENTS AS A RESULT OF NEW
INFORMATION, FUTURE EVENTS OR OTHERWISE.
A Maryland Real Estate Investment Trust with
transferable shares of beneficial interest listed on the New York
Stock Exchange.No shareholder, Trustee or officer is personally
liable for any act or obligation of the Trust.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20151116006458/en/
Hospitality Properties TrustKatie Strohacker, 617-796-8232Senior
Director, Investor Relations
Hospitality Properties (NASDAQ:HPT)
Historical Stock Chart
From Mar 2024 to Apr 2024
Hospitality Properties (NASDAQ:HPT)
Historical Stock Chart
From Apr 2023 to Apr 2024