Important Notice:
At this time no share repurchase requests can be honored.
The Share Repurchase Program has been suspended until further notice. Thus, we are unable to honor any requests. Click here for the notification sent to stockholders.
As Inland American was reaching the 5% limit of shares that it was permitted to redeem under its share repurchase program, its board of directors voted to suspend the program until further notice, effective March 30, 2009. Inland American has stated that this action allows it to, among other things, maintain a strong cash position to meet any financial challenges arising in an uncertain economy. |
Inland American’s shares are not listed for trading on any national securities exchange and does not expect to list the shares in the near future. A public market may never develop. A stockholder may not be able to sell its shares when it is desired or at a price equal to or greater than the offering price. Inland American’s share repurchase program is designed to provide stockholders with limited, interim liquidity by enabling them to sell their shares back.
Inland American’s obligation to repurchase shares under the share repurchase program is conditioned upon having sufficient funds available to complete the repurchase. It will use offering proceeds from its public offerings, as well as proceeds from its distribution reinvestment plan and other operating funds, as its board of directors, in its sole discretion, may reserve for the purpose of funding the share repurchase program. In addition, Inland American will limit the number of shares repurchased during any consecutive twelve month period to 5% of the number of outstanding shares of common stock at the beginning of that twelve-month period. The share repurchase program will be terminated if its shares become listed for trading on a national securities exchange or if its board determines that it is in our best interest to terminate the share repurchase program. Inland American may amend or modify any provision of the program at any time in its board’s discretion.
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