I would be very careful at this point. See the email below investors like myself received 2 days ago. Thaye have suspended interest payments.
Notice to American Hospitality Properties REIT, Inc. Investors:
We are suspending our June distribution, which was scheduled to be distributed around July 15th.
Please note that this is a suspension not a permanent cancellation.
What happened?
We have been served with a subpoena by the Securities and Exchange Commission. We are in the process of evaluating the impact of the subpoena on the company, and during such time we have been advised by counsel that the company should suspend the monthly payment of distributions.
What does this mean for investors?
Once we have resolved issues, we anticipate restarting our distributions – including a “catch-up” distribution for any suspended distributions.
We will update investors once we have a timeline for getting you back to receiving our monthly distributions.
We do not anticipate that investors will receive fewer distributions, as we expect to recommence the payment of distributions once this matter has been resolved.
W.L. “Perch” Nelson
President & CEO
Phoenix American Hospitality LLC, Fund Manager
American Hospitality Properties Funds (AHP REIT I & II)
14643 Dallas Parkway, Suite 970
Dallas, Texas 75254
Office: 214.750.2967
Fax: 214.238.5265
