IRVING, TX— FelCor Lodging Trust Inc. has announced its first quarter preferred dividends. FelCor will pay a dividend of $0.4875 per share on its $1.95 Series A Cumulative Convertible Preferred Stock and $0.5625 per depositary share evidencing its 9% Series B Cumulative Redeemable Preferred Stock. The first quarter dividends will each be payable on April 30, 2003, to stockholders of record on April 15, 2003. Also, FelCor announced the suspension of its common dividend on February 4, 2003, and does not expect to pay a common dividend during 2003. FelCors decision on future dividends on its preferred stock will be made quarterly, based on hotel operating results and its then estimates of the minimum distributions required to maintain the companys REIT status.
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