InnSuites Hospitality Trust (IHT) Declares 52nd Consecutive Annual Dividend

Rhea-AI Summary

InnSuites Hospitality Trust (IHT) announced a semi-annual dividend of $0.01 per share, payable on January 31, 2022, to shareholders of record as of January 18, 2022. This marks 52 years of uninterrupted annual dividends. The company's hotel operations are rebounding, and their investment in the UniGen clean energy project is progressing. Shareholders can expect continued commitment to dividend payments in the future.

Positive

• Announced a semi-annual dividend of $0.01 per share.
• Continues a 52-year history of annual dividends.
• Hotel operations are recovering.
• Progress in UniGen clean energy investment.

Negative

• None.

Phoenix, AZ, Jan. 04, 2022 (GLOBE NEWSWIRE) -- InnSuites Hospitality Trust (NYSE American: IHT) On January 4, 2022, the Board of Trustees of IHT announced a semi-annual dividend of $0.01 per share payable on January 31, 2022 to shareholders of record as of January 18, 2022, continuing an uninterrupted 52-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 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 InnSuites Hospitality Trust?

InnSuites Hospitality Trust announced a semi-annual dividend of $0.01 per share.

When is the dividend payment date for IHT shareholders?

The dividend payment date for IHT shareholders is January 31, 2022.

What is the record date for the dividend payment of IHT?

The record date for the dividend payment of IHT is January 18, 2022.

How long has InnSuites been paying dividends?

InnSuites has maintained an uninterrupted history of annual dividends for 52 years.

What are the current operations of InnSuites Hospitality Trust?

InnSuites' hotel operations continue to recover while investments in clean energy progress.