Meditrust Declares Dividend on 9.00% Preferred

Press Release: Meditrust Corporation
June 5, 2001
DALLAS, TX -- Meditrust Corporation (NYSE: MT) announced June 1 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, 2001 to June 30, 2001. Shareholders of record on June 15, 2001 will be paid the dividend of $0.5625 per depositary share of Preferred Stock on July 2, 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 Meditrust Companies

The Meditrust Companies (NYSE: MT), a real estate investment trust headquartered in Dallas, Texas, consists of Meditrust Corporation, a REIT, and Meditrust Operating Company. Meditrust Corporation's portfolio consists of 299 lodging facilities, 94 assisted living facilities, 15 long-term care facilities, four medical office buildings and five other healthcare facilities. Meditrust Operating Company operates all of the lodging facilities under the La Quinta brand name. Today's news release as well as other news about The Meditrust Companies is available on the Internet at http://www.reit.com.

About La Quinta Inns, Inc.

La Quinta Inns, Inc. owns, operates or franchises 229 Inns and 71 Inn & Suites in 28 states. La Quinta is the lodging division of The Meditrust Companies and is also headquartered in Dallas. For more information about La Quinta, please visit its Web site at http://www.laquinta.com.

SOURCE: Meditrust Corporation