Press Release: Equity Inns, Inc.
June 13, 2001
GERMANTOWN, TN -- Equity Inns, Inc. (NYSE: ENN), a hotel real estate investment trust (REIT), today announced that
its board of directors has declared quarterly cash dividends of $0.25 per common share and $0.59375 per preferred
share for the second quarter.
The common dividend is payable August 1, 2001, and the preferred dividend is payable July 31, 2001, to common and
preferred shareholders of record on June 29, 2001. Based on yesterday's closing stock price, the annualized dividend
yield is approximately 11 percent per common share and 10 percent per preferred share.
Equity Inns, Inc. is a self-advised REIT that focuses on the upscale extended stay, all-suite and midscale limited-service
segments of the hotel industry. The company owns 96 hotels with approximately 12,300 rooms located in 34 states.
For more information about Equity Inns, visit the company's web site: http://www.equityinns.com
.
Certain matters within this press release are discussed using forward- looking language as specified in the 1995
Private Securities Litigation Reform Law, and, as such, may involve known and unknown risks, uncertainties and
other factors that may cause the actual results or performance to differ from those projected in the forward-looking
statement. From time to time, these risks are discussed in the company's filings with the Securities and Exchange
Commission.
SOURCE: Equity Inns, Inc.