Equity Inns Declares 2Q Dividends

GERMANTOWN, TN— Equity Inns 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, to common and preferred shareholders of record on June 29. Based on the company’s June 11 closing stock price, the annualized dividend yield is approximately 11% per common share and 10% per preferred share.