IHT EQUITY INCREASES BY KEY INDIVIDUALS

Rhea-AI Summary

InnSuites Hospitality Trust (IHT) is set to release its quarterly and monthly results soon, indicating positive performance. Trust President James Wirth has acquired 5,000 shares, enhancing his ownership. Additionally, Rare Earth Financial has purchased 43,478 shares at $1.61, bolstering IHT's equity above $4 million. Wirth's entity invested $70,000 in IHT stock, reflecting strong financial support. For over 50 years, IHT has maintained annual dividends, with the next payment scheduled around February 3, 2023.

Positive

• James Wirth purchased an additional 5,000 shares, signaling confidence in IHT.
• Rare Earth Financial acquired 43,478 shares, increasing IHT's total equity to over $4 million.
• IHT has paid continuous annual dividends for over 50 years, showcasing financial stability.
• The next semi-annual dividend is expected on or about February 3, 2023.

Negative

• None.

Phoenix, AZ, Dec. 30, 2022 (GLOBE NEWSWIRE) -- InnSuites Hospitality Trust (NYSE American: IHT) Quarterly and Monthly results, to be released in the coming weeks, continue to bode well for InnSuites. As part of maintaining NYSE American Equity requirements, key IHT Personnel continue to increase their IHT Beneficial Ownership Interest. The Trust President/Chairman/CEO James Wirth has recently purchased an additional 5,000 shares of stock within the Open Trading Window for the Trust.

Additionally, Rare Earth Financial, LLC has purchased 43,478 Shares of InnSuites Common Stock, at a closing market price on December 29, 2022, of $1.61, which will provide the additional required Equity for the Trust, increasing the Total Equity to exceed $4 Million.

James Wirth, President, and Chairman of IHT, holds an 80% Interest in Family Investment Company Rare Earth Financial, LLC (REF). REF has invested $70,000 in newly issued IHT common stock equity, on December 29, 2022, based on the closing market price of IHT Stock at $1.61, on the date of issue, as disclosed in the Purchase Agreement.

Both purchases have been, or shortly will be, officially filed on SEC Form 4, Statement of Changes in Beneficial Ownership, accordingly.

Fiscal Year 2022 extended IHT’s uninterrupted, continuous annual dividends to over 50 years, since 1971, with semi-annual dividends paid January 31, 2022, and July 31, 2022. The next semi-annual dividend is tentatively scheduled to be paid on or about February 3, 2023.

For more information, visit www.innsuitestrust.com and www.innsuites.com, or visit www.sec.gov for the complete Fiscal Year 2022 Annual 10-K Report, results, and Press Release with additional information.

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. 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 recent purchases have been made regarding IHT stock?

James Wirth purchased 5,000 shares, and Rare Earth Financial acquired 43,478 shares of InnSuites Hospitality Trust.

What is the current equity status of InnSuites Hospitality Trust?

InnSuites' total equity has exceeded $4 million following recent stock purchases.

When is the next dividend payment expected for IHT?

The next semi-annual dividend for InnSuites Hospitality Trust is tentatively scheduled for February 3, 2023.

How long has IHT been paying dividends?

InnSuites Hospitality Trust has maintained uninterrupted annual dividends for over 50 years.