Hersha Hospitality Trust (HT) announced a public offering of Series C cumulative redeemable preferred shares of beneficial interest, par value $.01 per share or $25.00 liquidation preference per share.
Hersha said it intends to grant the underwriters of the offering a 30-day option to purchase additional Series C preferred shares solely to cover over-allotments, if any.
The company stated that it intends to use the net proceeds of the offering for the redemption of all of its outstanding 8.00% Series A cumulative redeemable preferred shares of beneficial interest, par value $.01 per share or $25.00 liquidation preference per share.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.