IHT Declares 51st Consecutive Annual Dividend As Industry Recovers

Rhea-AI Summary

InnSuites Hospitality Trust (IHT) announced a semi-annual dividend of $0.01 per share, payable on July 30, 2021, for shareholders on record as of July 15, 2021. This marks a continuation of their uninterrupted 51-year history of annual dividends. The company's hotel operations are recovering, and its investment in the UniGen clean energy initiative is progressing.

Positive

• Continuing a 51-year history of paying dividends.
• Semi-annual dividend of $0.01 per share supports shareholder income.

Negative

• Potential risks related to the ongoing recovery from Covid-19.
• Uncertain outcomes in IHT's review of strategic alternatives may impact future performance.

Phoenix, AZ, June 29, 2021 (GLOBE NEWSWIRE) -- On June 23 2021, the Board of Trustees of InnSuites Hospitality Trust (NYSE Am: IHT), announced a semi-annual dividend of $0.01 per share payable on July 30, 2021 to shareholders of record as of July 15, 2021, continuing an uninterrupted 51-year history of annual dividends. InnSuites Hotel operations continue to recover while the UniGen diversified efficient clean energy investment continues to progress.

For more information, visit www.innsuitestrust.com and www.innsuites.com.

Forward-Looking Statements

With the exception of historical information, matters discussed in this news release may include “forward-looking statements” within the meaning of the federal securities laws. All statements regarding IHT’s review and exploration of potential strategic, operational and structural alternatives and expected associated costs and benefits are forward-looking. Actual developments and business decisions may differ materially from those expressed or implied by such forward-looking statements. Important factors, among others, that could cause IHT’s actual results and future actions to differ materially from those described in forward-looking statements include continuation of Covid-19 business recovery, the uncertain outcome, impact, effects and results of IHT’s review of strategic, operational and structural alternatives, IHT’s success in finding potential qualified purchasers for its hospitality real estate, or a reverse merger partner, the success of and timing of the UniGen clean energy innovation, the continuation of semi-annual dividends in the year ahead, and other risks discussed in IHT’s SEC filings. IHT expressly disclaims any obligation to update any forward-looking statement contained in this news release to reflect events or circumstances that may arise after the date hereof, all of which are expressly qualified by the foregoing, other than as required by applicable law.

FOR FURTHER INFORMATION:

Marc Berg, Executive Vice President
602-944-1500
email: mberg@innsuites.com

INNSUITES HOTEL CENTRE
1730 E. NORTHERN AVENUE, #122
Phoenix, Arizona 85020
Phone: 602-944-1500

FAQ

What is the dividend amount announced by IHT?

IHT announced a semi-annual dividend of $0.01 per share.

When is the IHT dividend payment date?

The dividend will be paid on July 30, 2021.

What is the record date for IHT's dividend?

The record date for the dividend is July 15, 2021.

What factors could affect IHT's future dividends?

Factors include the continuation of Covid-19 recovery and outcomes of strategic reviews.

How long has IHT been paying dividends?

IHT has a 51-year history of uninterrupted annual dividends.