Press Release: La Quinta Corporation
June 4, 2002
DALLAS, TX -- La Quinta® Properties, Inc. announced yesterday that the Board of Directors declared a dividend
of $0.5625 per depositary share on its 9.00% Series A Cumulative Redeemable Preferred Stock for the period from
April 1, 2002 to June 30, 2002. Shareholders of record on June 14, 2002 will be paid the dividend of $0.5625 per
depositary share of Preferred Stock on July 1, 2002.
Dividends on the Series A Preferred Stock are cumulative from the date of original issuance and are payable quarterly
in arrears on March 31, June 30, September 30 and December 31 of each year (or, if not a business date, on the
next succeeding business day) at the rate of 9.00% of the liquidation preference per annum (equivalent to an annual
rate of $2.25 per depositary share).
About La Quinta Corporation
Dallas-based La Quinta Corporation (NYSE: LQI), a mid-scale limited service lodging company, owns, operates or
franchises over 340 La Quinta Inns and La Quinta Inn & Suites in 33 states. This news release, as well as other
information about La Quinta, is available on the Internet at www.laquinta.com
.
SOURCE: La Quinta Corporation