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Press release content from Business Wire. The AP news staff was not involved in its creation.

Pebblebrook Hotel Trust Announces Redemption of 6.375% Series D Cumulative Redeemable Preferred Shares

July 22, 2021 GMT

BETHESDA, Md.--(BUSINESS WIRE)--Jul 22, 2021--

Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today provided notice to the record holders (the “Notice of Redemption”) of the Company’s 6.375% Series D Cumulative Redeemable Preferred Shares (the “Series D Preferred Shares”) of the redemption, subject to completion of the Company’s public underwritten offering of 5.700% Series H Cumulative Redeemable Preferred Shares (the “Series H Offering”), of all 5,000,000 of the issued and outstanding Series D Preferred Shares. The cash redemption amount (the “Redemption Amount”) for each Series D Preferred Share is $25.00, plus accrued and unpaid dividends to, but not including, the redemption date of August 21, 2021 (the “Redemption Date”).

Subject to completion of the Series H Offering, dividends on the Series D Preferred Shares will cease to accrue on the Redemption Date. Payment of the Redemption Amount will be made only upon delivery and surrender of the Series D Preferred Shares to Equiniti Trust Company, the Company’s redemption and paying agent, during its normal business hours at the address specified in the Notice of Redemption.

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The Notice of Redemption and related materials were mailed today to holders of record of the Series D Preferred Shares. Questions relating to the Notice of Redemption and related materials should be directed to Equiniti Trust Company at 651-450-4064.

About Pebblebrook Hotel Trust

Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust (“REIT”) and a leading owner of urban and resort lifestyle hotels in the United States. The Company owns 52 hotels, totaling approximately 12,800 guest rooms across 14 urban and resort markets with a focus on the west coast gateway cities.

This press release contains certain “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements are based upon the Company’s expectations, but these statements are not guaranteed to occur. These forward-looking statements relate to the redemption of the Series D Preferred Shares.

View source version on businesswire.com:https://www.businesswire.com/news/home/20210722005993/en/

Raymond D. Martz, Chief Financial Officer, Pebblebrook Hotel Trust - (240) 507-1330

KEYWORD: UNITED STATES NORTH AMERICA DISTRICT OF COLUMBIA MARYLAND

INDUSTRY KEYWORD: OTHER CONSTRUCTION & PROPERTY OTHER TRAVEL COMMERCIAL BUILDING & REAL ESTATE LODGING CONSTRUCTION & PROPERTY TRAVEL REIT

SOURCE: Pebblebrook Hotel Trust

Copyright Business Wire 2021.

PUB: 07/22/2021 04:45 PM/DISC: 07/22/2021 04:47 PM

http://www.businesswire.com/news/home/20210722005993/en