Phoenix, AZ, June 29, 2022 (GLOBE NEWSWIRE) — InnSuites Hospitality Trust (NYSE American: IHT) On June 29, 2022, the Board of Trustees of IHT announced a semi-annual dividend of $0.01 per share, payable on July 29, 2022 to shareholders of record as of July 15, 2022. This announcement continues an uninterrupted 52-year history of annual dividends. InnSuites hotel operations continue to rebound strongly, while the investment in UniGen’s diversified efficient clean energy innovation continues to progress.
IHT hotel operations are maintaining their solid start in the current 2023 Fiscal Year (February 1, 2022, to January 31, 2023), First and early Second Quarter, with both the Tucson Hotel and Albuquerque Hotel achieving record results for the current Fiscal Year to date (February 1, 2022, through June 29, 2022). Revenues for the Fiscal First Quarter exceeded $2.1M, an increase of approximately 53% from the same prior year Fiscal First Quarter, indicating the Hospitality Industry, and InnSuites Hospitality Trust (IHT) specifically, continue their respective strong rebounds and recovery.
IHT failed to timely file its Quarterly Report on Form 10-Q for the Fiscal First Quarter ended April 30, 2022. This filing delay subjects IHT to the procedures and requirements of Section 1007 of the NYSE American Company Guide.
IHT has contacted the Exchange, and is working diligently to file the delinquent report as soon as possible. IHT was unable to timely file the delinquent…
