Jul 1, 2008
Story Timeline: 103 days
GERMANTOWN, Tenn.--(BUSINESS WIRE)--W2007 Grace Acquisition I, Inc. today announced that it will not declare a second quarter 2008 dividend with respect to the 8.75% Series B Cumulative Preferred Stock and 9.00% Series C Cumulative Preferred Stock in connection with certain covenants contained in the loan documentation put in place in October 2007. Please refer to the Amended and Restated Charter of W2007 Grace Acquisition I, Inc. for a description of the 8.75% Series B Cumulative Preferred Stock and 9.00% Series C Cumulative Preferred Stock. Contact: W2007 Grace Acquisition I, Inc. Dan Smith,...
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