Jameson Inns Reports 3Q Preferred Dividends

ATLANTA— Jameson Inns, Inc. has declared regular quarterly cash dividend distributions on its two series of preferred shares. The board of directors declared a cash dividend of $.578125 per share of the companys 9.25% Series A cumulative preferred stock for the quarter, payable on October 21 to shareholders of record on September 30. The company currently has approximately 1.27 million Series A preferred shares outstanding. The REIT’s board also declared a cash dividend of $0.425 per share of the companys $1.70 Series S cumulative convertible preferred stock for third quarter, also payable on October 2. The company currently has approximately 2.2 million Series S preferred shares outstanding. Jameson Inns develops and owns the Jameson Inn and Signature Inn limited-service hotel properties.