Press Release: La Quinta Properties, Inc.
December 4, 2001
DALLAS, TX -- La Quinta Properties, Inc. (NYSE: LQI) 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 October 1, 2001 to December 31, 2001. Shareholders of record on December 14, 2001 will be paid the dividend
of $0.5625 per depositary share of Preferred Stock on December 31, 2001.
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 The La Quinta Companies
The La Quinta Companies, headquartered in Dallas, Texas, consist of La Quinta Properties, Inc., a real estate investment
trust, and La Quinta Corporation. La Quinta owns, operates or franchises over 300 La Quinta® Inns and Inn &
Suites in 30 states. The Companies' real estate holdings also include assisted living and other healthcare facilities.
Today's news release, as well as other information about La Quinta, is available on the Internet at www.laquinta.com
.
SOURCE: La Quinta Properties, Inc.