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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?

November 18, 2016

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?

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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.

Sponsor Focus – AR Global

 

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Austin Gross
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