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PART II
Item 5. Market for Registrants’ Common Equity, Related Stockholder Matters and Issuer Purchases of
Equity Securities.
Market Information
The Corporation Shares are traded on the New York Stock Exchange (the “NYSE”) under the symbol “HOT.”
The following table sets forth, for the fiscal periods indicated, the high and low sale prices per Corporation
Share on the NYSE Composite Tape.
High Low
2008
Fourth quarter .................................................. $28.55 $10.97
Third quarter ................................................... $43.29 $25.95
Second quarter .................................................. $55.06 $38.89
First quarter .................................................... $56.00 $37.07
2007
Fourth quarter .................................................. $62.83 $42.78
Third quarter ................................................... $75.45 $52.63
Second quarter .................................................. $74.35 $65.35
First quarter .................................................... $69.65 $59.63
Holders
As of February 20, 2009, there were approximately 17,000 holders of record of Corporation Shares.
Dividends Made/Declared
The following table sets forth the frequency and amount of dividends made by the Corporation to holders of
Corporation Shares for the years ended December 31, 2008 and 2007:
Dividends
Declared
2008
Annual dividend ....................................................... $0.90
(a)
2007
Annual dividend ....................................................... $0.90
(b)
(a) The Corporation declared a dividend in the fourth quarter of 2008 to shareholders of record on December 31,
2008, which was paid in January 2009.
(b) The Corporation declared a dividend in the fourth quarter of 2007 to shareholders of record on December 31,
2007, which was paid in January 2008.
Conversion of Securities; Sale of Unregistered Securities
In 2006, we completed the redemption of the remaining 25,000 outstanding shares of Class B Exchangeable
Preferred Shares of the Trust (“Class B EPS”) for approximately $1 million in cash. Also in 2006, in connection
with the Host Transaction, we redeemed all of the Class A Exchangeable Preferred Shares of the Trust (“Class A
EPS”) (approximately 562,000 shares) and Realty Partnership units (approximately 40,000 units) for approximately
$34 million in cash. SLC Operating Limited Partnership units are convertible into Corporation Shares at the unit
holder’s option, provided that we have the option to settle conversion requests in cash or Corporation Shares. In
2006, we redeemed approximately 926,000 SLC Operating Limited Partnership units for approximately $56 million
25