Which nontraded REIT program’s board voted to suspend its cash distributions in April 2016 and pay distributions in stock at an annualized rate of 7.16% based upon its then DRIP price?
Answer: American Realty Capital Hospitality Trust , Inc. Distributions for the quarter ended June 30, 2016 were paid in common stock in an amount equivalent to $1.70 per annum, divided by $23.75
Learn more about American Realty Capital Hospitality Trust, Inc.’s sponsor, AR Global, on our Sponsor Focus page.
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