WhereDaily News: Supertel Hospitality, Inc. Announces Suspension of Dividends on Its Preferred Stock

NORFOLK, NE--(Marketwired - Dec 11, 2013) - Supertel Hospitality, Inc. (NASDAQ: SPPR) (the "Company"), a real estate investment trust (REIT), today announced the suspension of the regular dividends on its outstanding preferred stock. The Company's board of directors has elected to suspend the payment of monthly dividends on the outstanding shares of its 8.00% Series A Convertible Preferred Stock (NASDAQ: SPPRO), quarterly dividends on the outstanding shares of its 10.00% Series B Cumulative Preferred Stock (NASDAQ: SPPRP), and the quarterly dividends on the outstanding shares of its 6.25% Series C Cumulative Convertible Preferred Stock. The Company has suspended the dividends to preserve capital and improve liquidity.

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