RLJ Lodging Trust Announces Preferred Dividend for Third Quarter of 2017

Business Wire 15-Sep-2017 5:30 PM

BETHESDA, Md.--(BUSINESS WIRE)-- RLJ Lodging Trust (the Company) (NYSE: RLJ) today announced that its Board of Trustees declared a quarterly cash dividend of $0.4875 on its Series A Preferred Shares. The dividend will be payable on October 31, 2017 to shareholders of record as of September 29, 2017.

About Us

RLJ Lodging Trust is a self-advised, publicly traded real estate investment trust focused on acquiring premium-branded, focused-service and compact full-service hotels. The Companys portfolio consists of 158 hotels with approximately 31,180 rooms located in 26 states and the District of Columbia and an ownership interest in one unconsolidated hotel with 171 rooms.

Forward Looking Statements

The following information contains certain statements, other than purely historical information, including estimates, projections, statements relating to the Companys business plans, objectives and expected operating results, and the assumptions upon which those statements are based, that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally are identified by the use of the words believe, project, expect, anticipate, estimate, plan, may, will, will continue, intend, should, may or similar expressions. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, beliefs and expectations, such forward-looking statements are not predictions of future events or guarantees of future performance and the Companys actual results could differ materially from those set forth in the forward-looking statements. Some factors that might cause such a difference include the following: the current global economic uncertainty, increased direct competition, changes in government regulations or accounting rules, changes in local, national and global real estate conditions, declines in the lodging industry, seasonality of the lodging industry, risks related to natural disasters, such as earthquakes and hurricanes, hostilities, including future terrorist attacks or fear of hostilities that affect travel, the Companys ability to obtain lines of credit or permanent financing on satisfactory terms, changes in interest rates, access to capital through offerings of the Companys common and preferred shares of beneficial interest, or debt, the Companys ability to identify suitable acquisitions, the Companys ability to close on identified acquisitions and integrate those businesses and inaccuracies of the Companys accounting estimates. Given these uncertainties, undue reliance should not be placed on such statements. Except as required by law, the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise. The Company cautions investors not to place undue reliance on these forward-looking statements and urge investors to carefully review the disclosures the Company makes concerning risks and uncertainties in the sections entitled Risk Factors, Forward-Looking Statements, and Managements Discussion and Analysis of Financial Condition and Results of Operations in the Companys Annual Report, as well as risks, uncertainties and other factors discussed in other documents filed by the Company with the SEC.

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RLJ Lodging Trust Leslie D. Hale, 301-280-7774 Chief Operating Officer and Chief Financial Officer

Source: RLJ Lodging Trust