DiamondRock to redeem all 4.76M shares of 8.25% Series A Preferred on Dec 31 for $121.5M

DiamondRock Hospitality Co

Redeems all 4,760,000 shares of 8.250% Series A Cumulative Redeemable Preferred Stock at $25.00 per share plus accrued dividends.
Total redemption price approximately $121.5 million; funded from cash on hand.
Board declared quarterly dividend of $0.515625 per share on Series A Preferred, payable Dec 31 to holders of record Dec 19.
After redemption date (Dec 31, 2025), Series A Preferred will no longer be outstanding; dividends will cease.

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