Retail Sales https://www.benzinga.com/views/taxonomy/term/30777 en Palm Springs Nissan Dealership Memorial Day Savings Event Now Running through End of May https://www.benzinga.com/pressreleases/21/05/p21021991/palm-springs-nissan-dealership-memorial-day-savings-event-now-running-through-end-of-may <p><i>Memorial Day Savings event at Palm Springs Nissan in California offers leasing, financing specials on new Nissan model throughout month of May</i></p> <p class="releaseDateline">CATHEDRAL CITY, Calif. (PRWEB) May 07, 2021 </p> <p> Palm Springs Nissan—a Nissan dealership located in Cathedral City, California—has officially started its Memorial Day Savings event. The event includes both leasing offers and financing specials for numerous new 2021 Nissan models. These specials are available for the entire month of May; all offers expire May 31. ...</p><p><a href=https://www.benzinga.com/pressreleases/21/05/p21021991/palm-springs-nissan-dealership-memorial-day-savings-event-now-running-through-end-of-may alt=Palm Springs Nissan Dealership Memorial Day Savings Event Now Running through End of May>Full story available on Benzinga.com</a></p> Retail Sales Fri, 07 May 2021 22:00:00 +0000 PRWeb 21021991 at https://www.benzinga.com Palm Springs Nissan Dealership Memorial Day Savings Event Now Running through End of May https://www.benzinga.com/pressreleases/21/05/n21021972/palm-springs-nissan-dealership-memorial-day-savings-event-now-running-through-end-of-may <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">CATHEDRAL CITY, Calif.</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">May 7, 2021</span> /PRNewswire-PRWeb/ -- Palm Springs Nissan—a Nissan dealership located in <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Cathedral City</span>, California—has officially started its Memorial Day Savings event. The event includes both leasing offers and financing specials for numerous new 2021 Nissan models. These specials are available for the entire month of May; all offers expire <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">May 31</span>. </p> <p xmlns="http://www.w3.org/1999/xhtml">There are numerous leasing specials available on new 2021 Nissan models. The 2021 Nissan Rogue SV can ...</p><p><a href=https://www.benzinga.com/pressreleases/21/05/n21021972/palm-springs-nissan-dealership-memorial-day-savings-event-now-running-through-end-of-may alt=Palm Springs Nissan Dealership Memorial Day Savings Event Now Running through End of May>Full story available on Benzinga.com</a></p> automotive Transportation/Trucking/Railroad Retail Sales Press Releases Fri, 07 May 2021 22:00:00 +0000 PRNewswire 21021972 at https://www.benzinga.com Benefitfocus Delivers Enhancements to Shopping and Quoting Functions for Health Plans https://www.benzinga.com/pressreleases/21/05/n21021803/benefitfocus-delivers-enhancements-to-shopping-and-quoting-functions-for-health-plans <p xmlns="http://www.w3.org/1999/xhtml"></p> <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">CHARLESTON, S.C.</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">May 7, 2021</span> /PRNewswire/ --<b xmlns="http://www.w3.org/1999/xhtml"> </b><a xmlns="http://www.w3.org/1999/xhtml" target="_blank" href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=3156778-1&amp;h=3555546881&amp;u=https%3A%2F%2Fwww.benefitfocus.com%2F%3Futm_source%3Dwire%26utm_medium%3Dpr%26utm_campaign%3Dpr_oct_release_2020&amp;a=Benefitfocus%2C+Inc." rel="nofollow" rel="nofollow">Benefitfocus, Inc.</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNFT#NASDAQ" rel="nofollow">BNFT</a>), a leading technology platform provider enabling rapid innovation for employers, health plans and consumers, today announces significant software updates to its Benefitplace&#x2122; platform specific to health plan users, with further upgrades set for release in mid-June. The updates enhance the Shopping &amp; Quoting functions on the platform, to further simplify selling and distribution through an automated, insight-driven experience for brokers and groups.</p> <div xmlns="http://www.w3.org/1999/xhtml" class="PRN_ImbeddedAssetReference" id="DivAssetPlaceHolder1"> <p xmlns="http://www.w3.org/1999/xhtml"> <a xmlns="http://www.w3.org/1999/xhtml" href="https://mma.prnewswire.com/media/339766/Benefitfocus_Logo.html" target="_blank" rel="nofollow" rel="nofollow"><br /> <img xmlns="http://www.w3.org/1999/xhtml" src="https://mma.prnewswire.com/media/339766/Benefitfocus_Logo.jpg" title="Benefitfocus logo (PRNewsFoto/Benefitfocus, Inc.) (PRNewsfoto/Benefitfocus, Inc.)" alt="Benefitfocus logo (PRNewsFoto/Benefitfocus, Inc.) (PRNewsfoto/Benefitfocus, Inc.)" /><br /> </a> </p> </div> <p xmlns="http://www.w3.org/1999/xhtml">&#34;These enhancements represent our ongoing commitment to provide end-to-end solutions that increase efficiency, improve satisfaction and accelerate sales growth for our health plan customers, as part of our mission of improving lives through benefits,&#34; said Ravi Metta, Executive Vice President, Product &amp; Engineering, Benefitfocus. &#34;They are driven by direct input from our users, which is crucial, because we know the real value of our solutions can only be determined by the satisfaction level of the people who use them.&#34; </p> <p xmlns="http://www.w3.org/1999/xhtml">The software updates will impact the Shopping &amp; Quoting experience in the following ways:</p> <ul xmlns="http://www.w3.org/1999/xhtml" type="disc"> <li xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">General Agency Role: </b>By expanding the hierarchy of the general agency role, users will be able to manage a book of business by ...</li></ul><p><a href=https://www.benzinga.com/pressreleases/21/05/n21021803/benefitfocus-delivers-enhancements-to-shopping-and-quoting-functions-for-health-plans alt=Benefitfocus Delivers Enhancements to Shopping and Quoting Functions for Health Plans>Full story available on Benzinga.com</a></p> BNFT New Products/Services Workforce Management/Human Resources Retail Sales Press Releases Fri, 07 May 2021 21:35:00 +0000 PRNewswire 21021803 at https://www.benzinga.com Service Properties Trust Announces First Quarter 2021 Results https://www.benzinga.com/pressreleases/21/05/b21021729/service-properties-trust-announces-first-quarter-2021-results <p xmlns="http://www.w3.org/1999/xhtml"> <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.svcreit.com%2Fhome%2Fdefault.aspx&amp;esheet=52426003&amp;newsitemid=20210507005599&amp;lan=en-US&amp;anchor=Service+Properties+Trust+%28Nasdaq%3A+SVC%29&amp;index=1&amp;md5=b6995969a974a764442467d821f4d8ac" shape="rect" rel="nofollow">Service Properties Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVC#NASDAQ" rel="nofollow">SVC</a>)</a> today announced its financial results for the quarter ended March 31, 2021. </p> <p xmlns="http://www.w3.org/1999/xhtml"> <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.svcreit.com%2Fabout%2Fleadership%2Fsenior-management%2Fjohn-g-murray%2Fdefault.aspx&amp;esheet=52426003&amp;newsitemid=20210507005599&amp;lan=en-US&amp;anchor=John+Murray&amp;index=2&amp;md5=503e8dc904ca8fe09795980fe2d6398a" shape="rect" rel="nofollow">John Murray</a>, President and Chief Executive Officer of SVC, made the following statement: </p> <p xmlns="http://www.w3.org/1999/xhtml"> "The first quarter marked a continued period of transition for SVC&#039;s hotel portfolio. We converted an additional 88 hotels to Sonesta brands and management during the first quarter, following the conversion of 112 hotels during the fourth quarter of 2020. We expect disruption to our operating results from these transitions to be short-term in nature and believe that the rebranding will benefit SVC by creating more flexibility with respect to capital investments, possibly repurposing hotels to other uses, or sales. SVC also benefits from its 34% ownership of Sonesta. </p> <p xmlns="http://www.w3.org/1999/xhtml"> We are also encouraged by improving hotel demand trends. As more of the population is vaccinated and government-mandated restrictions continue to be lifted, we expect that occupancy and hotel EBITDA should continue to recover and may accelerate meaningfully in the second half of this year. </p> <p xmlns="http://www.w3.org/1999/xhtml"> Rent collections from our net lease retail tenants were stable at 93.1% for the first quarter, up from a low of 80.5% for April 2020, and anchored by our largest tenant, TravelCenters of America, which continues to benefit from healthy trucking activity and its importance to the nation&#039;s supply chain. </p> <p xmlns="http://www.w3.org/1999/xhtml"> We also continue to take steps to fortify our liquidity until lodging trends meaningfully improve. To that end, we have fully drawn down on our revolving credit facility as a precautionary measure to preserve financial flexibility." </p> <p xmlns="http://www.w3.org/1999/xhtml"> <b xmlns="http://www.w3.org/1999/xhtml"><i xmlns="http://www.w3.org/1999/xhtml">Results for the Quarter Ended March 31, 2021:</i></b> </p> <table xmlns="http://www.w3.org/1999/xhtml" cellspacing="0" class="bwtablemarginb bwblockalignl"> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="7" class="bwvertalignb bwsinglebottom bwpadl0" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignc bwcellpmargin"> Three Months Ended March 31, </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="3" class="bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwalignc" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin bwalignc"> 2021 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="3" class="bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwalignc" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin bwalignc"> 2020 </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="7" class="bwpadl0" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignc bwcellpmargin"> ($ in thousands, except per share data) </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> Net loss </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> $ </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> (194,990) </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> $ </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> (33,650) </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> Net loss per common share </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> $ </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0 bwpadr0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> (1.19) </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> $ </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0 bwpadr0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> (0.20) </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> Normalized FFO <sup xmlns="http://www.w3.org/1999/xhtml">(1)</sup> </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> $ </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> (41,996) </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> $ </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 123,084 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> Normalized FFO per common share<sup xmlns="http://www.w3.org/1999/xhtml"> (1)</sup> </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> $ </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0 bwpadr0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> (0.26) </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> $ </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0 bwpadr0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 0.75 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> Adjusted EBITDA<i xmlns="http://www.w3.org/1999/xhtml">re</i> <sup xmlns="http://www.w3.org/1999/xhtml">(1)</sup> </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> $ </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 48,705 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> $ </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 195,137 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> </tr> </table> <table xmlns="http://www.w3.org/1999/xhtml" cellspacing="0" class="bwtablemarginb bwblockalignl"> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwpadl0 bwpadr0 bwvertalignt" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> (1) </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignt" rowspan="1" colspan="1"> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwvertalignt" rowspan="1" colspan="1">Additional information and reconciliations of net loss determined in accordance with U.S. generally accepted accounting principles, or GAAP, to certain non-GAAP measures, including FFO, Normalized FFO, EBITDA, EBITDAre and Adjusted EBITDAre for the quarters ended March 31, 2021 and 2020 appear later in this press release.</td> </tr> </table> <ul xmlns="http://www.w3.org/1999/xhtml" class="bwlistdisc"> <li xmlns="http://www.w3.org/1999/xhtml"> <b xmlns="http://www.w3.org/1999/xhtml">Net loss:</b> Net loss for the quarter ended March 31, 2021 was $195.0 million, or $1.19 per diluted common share, compared to a net loss of $33.7 million, or $0.20 per diluted common share, for the quarter ended March 31, 2020. Net loss for the quarter ended March 31, 2021 includes $19.6 million, or $0.12 per diluted common share, of hotel manager transition related costs, $6.5 million, or $0.04 per diluted common share, of net unrealized losses on equity securities and a $1.2 million, or $0.01 per diluted common share, of loss on asset impairment. Net loss for the quarter ended March 31, 2020 includes a $16.7 million, or $0.10 per diluted common share, loss on asset impairment, a $6.9 million, or $0.04 per diluted common share, loss on sale of real estate and $5.0 million, or $0.03 per diluted common share, of net unrealized losses on equity securities. The weighted average number of diluted common shares outstanding was 164.5 million and 164.4 million for the quarters ended March 31, 2021 and 2020, respectively. </li> <li xmlns="http://www.w3.org/1999/xhtml"> <b xmlns="http://www.w3.org/1999/xhtml">Normalized FFO:</b> Normalized FFO for the quarter ended March 31, 2021 were negative $42.0 million, or $(0.26) per diluted common share, compared to Normalized FFO of $123.1 million, or $0.75 per diluted common share, for the quarter ended March 31, 2020. </li> <li xmlns="http://www.w3.org/1999/xhtml"> <b xmlns="http://www.w3.org/1999/xhtml">Adjusted EBITDA<i xmlns="http://www.w3.org/1999/xhtml">re</i>:</b> Adjusted EBITDA<i xmlns="http://www.w3.org/1999/xhtml">re</i> for the quarter ended March 31, 2021 compared to the same period in 2020 decreased 75.0% to $48.7 million. </li> </ul> <p xmlns="http://www.w3.org/1999/xhtml"> <b xmlns="http://www.w3.org/1999/xhtml"><i xmlns="http://www.w3.org/1999/xhtml">Hotel Portfolio:</i></b> </p> <p xmlns="http://www.w3.org/1999/xhtml"> As of March 31, 2021, 305 of SVC&#039;s 310 hotels were operated by subsidiaries of Sonesta Holdco Corporation, or Sonesta (256 hotels), Hyatt Hotels Corporation, or Hyatt (22 hotels), Radisson Hospitality, Inc., or Radisson (nine hotels), Marriott International, Inc., or Marriott (17 hotels), and InterContinental Hotels Group, plc, or IHG (one hotel). Five of SVC&#039;s 310 hotels were leased to another third party. </p> <table xmlns="http://www.w3.org/1999/xhtml" cellspacing="0" class="bwtablemarginb bwblockalignl"> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="10" class="bwvertalignb bwsinglebottom bwpadl0" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignc bwcellpmargin"> <b xmlns="http://www.w3.org/1999/xhtml">Three Months Ended March 31,</b> </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="3" class="bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwalignc" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin bwalignc"> <b xmlns="http://www.w3.org/1999/xhtml">2021</b> </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0 bwalignc" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin bwalignc">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="3" class="bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwalignc" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin bwalignc"> <b xmlns="http://www.w3.org/1999/xhtml">2020</b> </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0 bwalignc" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin bwalignc">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" class="bwsinglebottom bwpadl0 bwalignc" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignc bwcellpmargin"> <b xmlns="http://www.w3.org/1999/xhtml">Change</b> </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="10" class="bwpadl0" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignc bwcellpmargin"> ($ in thousands, except hotel statistics) </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> <b xmlns="http://www.w3.org/1999/xhtml">Comparable Hotels</b> </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="3" class="bwvertalignb bwpadl0" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="3" class="bwvertalignb bwpadl0" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl3" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> No. of hotels </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" class="bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 304 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" class="bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 304 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> — </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl3" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> No. of rooms or suites </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 47,612 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 47,612 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> — </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl3" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> Occupancy </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" class="bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 40.1 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignl bwcellpmargin"> % </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" class="bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 57.4 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignl bwcellpmargin"> % </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> (17.3) </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> pts </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl3" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> ADR </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> $ </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 87.19 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> $ </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 123.22 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> (29.2) </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignl bwcellpmargin"> % </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl3" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> Hotel RevPAR </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> $ </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 34.96 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> $ </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 70.73 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> (50.6) </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignl bwcellpmargin"> % </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl3" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> Hotel operating revenues <sup xmlns="http://www.w3.org/1999/xhtml">(1)</sup> </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> $ </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 164,657 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> $ </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 366,595 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> (55.1) </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignl bwcellpmargin"> % </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl3" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> Hotel operating expenses <sup xmlns="http://www.w3.org/1999/xhtml">(1)</sup> </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> $ </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 219,144 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> $ </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 331,576 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> (33.9) </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignl bwcellpmargin"> % </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl3" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> Hotel EBITDA <sup xmlns="http://www.w3.org/1999/xhtml">(1)</sup> </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> $ </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> (54,487) </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> $ </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 35,019 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" class="bwpadl0 bwpadr0 bwvertalignb bwalignc" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin bwalignc"> n/m </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl3" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> Adjusted Hotel EBITDA <sup xmlns="http://www.w3.org/1999/xhtml">(1)</sup> </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> $ </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> (35,143) </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> $ </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 35,019 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" class="bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb bwalignc" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin bwalignc"> n/m </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl3" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> Adjusted Hotel EBITDA margin </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> (21.3) </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignl bwcellpmargin"> % </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 9.6 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignl bwcellpmargin"> % </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" class="bwpadl0 bwpadr0 bwvertalignb bwalignc" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin bwalignc"> n/m </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="3" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="3" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> <b xmlns="http://www.w3.org/1999/xhtml">All Hotels</b> </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="3" class="bwvertalignb bwpadl0" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="3" class="bwvertalignb bwpadl0" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" class="bwvertalignb bwpadl0" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl3" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> No. of hotels </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" class="bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 310 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" class="bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 310 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> — </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl3" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> No. of rooms or suites </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 49,015 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 49,015 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> — </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl3" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> Occupancy </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" class="bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 40.1 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignl bwcellpmargin"> % </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" class="bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 56.6 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignl bwcellpmargin"> % </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> (16.5) </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> pts </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl3" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> ADR </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> $ </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 88.02 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> $ </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 125.06 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> (29.6) </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignl bwcellpmargin"> % </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl3" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> Hotel RevPAR </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> $ </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 35.30 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> $ </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 70.78 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> (50.1) </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignl bwcellpmargin"> % </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl3" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> Hotel operating revenues <sup xmlns="http://www.w3.org/1999/xhtml">(1)</sup> </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> $ </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 168,953 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> $ </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 388,682 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> (56.5) </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignl bwcellpmargin"> % </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl3" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> Hotel operating expenses <sup xmlns="http://www.w3.org/1999/xhtml">(1)</sup> </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> $ </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 226,764 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> $ </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 358,071 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> (36.7) </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignl bwcellpmargin"> % </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl3" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> Hotel EBITDA <sup xmlns="http://www.w3.org/1999/xhtml">(1)</sup> </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> $ </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> (57,811) </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> $ </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 30,611 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" class="bwpadl0 bwpadr0 bwvertalignb bwalignc" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin bwalignc"> n/m </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl3" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> Adjusted Hotel EBITDA<sup xmlns="http://www.w3.org/1999/xhtml"> (1)</sup> </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> $ </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> (38,176) </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> $ </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 30,611 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" class="bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb bwalignc" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin bwalignc"> n/m </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl3" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> Adjusted Hotel EBITDA margin </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> (22.6) </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignl bwcellpmargin"> % </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 7.9 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignl bwcellpmargin"> % </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" class="bwpadl0 bwpadr0 bwvertalignb bwalignc" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin bwalignc"> n/m </p> </td> </tr> </table> <table xmlns="http://www.w3.org/1999/xhtml" cellspacing="0" class="bwtablemarginb bwblockalignl"> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwpadl0 bwpadr0 bwvertalignt" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> (1) </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignt" rowspan="1" colspan="1"> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwvertalignt" rowspan="1" colspan="1">Reconciliations of hotel operating revenues and hotel operating expenses used to determine Hotel EBITDA and Adjusted Hotel EBITDA from hotel operating revenues and hotel operating expenses determined in accordance with GAAP for the quarters ended March 31, 2021 and 2020 appear later in this press release.</td> </tr> </table> <p xmlns="http://www.w3.org/1999/xhtml"> Recent operating statistics for SVC&#039;s hotels are as follows: </p> <table xmlns="http://www.w3.org/1999/xhtml" cellspacing="0" class="bwtablemarginb bwblockalignl"> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="11" class="bwvertalignb bwpadl0 bwsinglebottom" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignc bwcellpmargin"> <b xmlns="http://www.w3.org/1999/xhtml">Comparable Hotels</b> </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="11" class="bwvertalignb bwsinglebottom bwpadl0" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignc bwcellpmargin"> <b xmlns="http://www.w3.org/1999/xhtml">All Hotels</b> </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="3" class="bwsinglebottom bwpadl0" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignc bwcellpmargin"> <b xmlns="http://www.w3.org/1999/xhtml">January<br /> <br xmlns="http://www.w3.org/1999/xhtml" />2021</b> </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="3" class="bwsinglebottom bwpadl0" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignc bwcellpmargin"> <b xmlns="http://www.w3.org/1999/xhtml">February<br /> <br xmlns="http://www.w3.org/1999/xhtml" />2021</b> </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="3" class="bwsinglebottom bwpadl0" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignc bwcellpmargin"> <b xmlns="http://www.w3.org/1999/xhtml">March<br /> <br xmlns="http://www.w3.org/1999/xhtml" />2021</b> </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="3" class="bwsinglebottom bwpadl0" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignc bwcellpmargin"> <b xmlns="http://www.w3.org/1999/xhtml">January<br /> <br xmlns="http://www.w3.org/1999/xhtml" />2021</b> </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="3" class="bwsinglebottom bwpadl0" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignc bwcellpmargin"> <b xmlns="http://www.w3.org/1999/xhtml">February<br /> <br xmlns="http://www.w3.org/1999/xhtml" />2021</b> </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignc bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="3" class="bwsinglebottom bwpadl0" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignc bwcellpmargin"> <b xmlns="http://www.w3.org/1999/xhtml">March<br /> <br xmlns="http://www.w3.org/1999/xhtml" />2021</b> </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> Occupancy </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" class="bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 36.0 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignl bwcellpmargin"> % </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" class="bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 37.6 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignl bwcellpmargin"> % </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" class="bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 46.6 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignl bwcellpmargin"> % </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" class="bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 35.9 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignl bwcellpmargin"> % </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" class="bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 37.7 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignl bwcellpmargin"> % </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" class="bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 46.5 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignl bwcellpmargin"> % </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> ADR </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> $ </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 85.68 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> $ </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 86.01 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> $ </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 89.22 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> $ </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 85.91 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> $ </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 86.84 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> $ </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 90.49 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> RevPAR </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> $ </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 30.84 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> $ </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 32.34 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> $ </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 41.58 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> $ </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 30.84 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> $ </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 32.74 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> $ </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 42.08 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> </tr> </table> <p xmlns="http://www.w3.org/1999/xhtml"> For SVC&#039;s 310 hotels, occupancy, ADR and RevPAR was 51.0%, $94.82 and $48.38, respectively, for the month of April 2021. </p> <p xmlns="http://www.w3.org/1999/xhtml"> <b xmlns="http://www.w3.org/1999/xhtml"><i xmlns="http://www.w3.org/1999/xhtml">Hotel Agreements and Brand Conversions:</i></b> </p> <p xmlns="http://www.w3.org/1999/xhtml"> During the quarter ended March 31, 2021, SVC completed the transition of branding and management of 88 hotels to Sonesta from Marriott. SVC entered management agreements with Sonesta to manage these 88 hotels on terms substantially consistent with SVC&#039;s Sonesta management agreements for the 112 hotels it transitioned the branding of and management to Sonesta in the fourth quarter of 2020. </p> <p xmlns="http://www.w3.org/1999/xhtml"> As previously announced, in January 2021, SVC received a notice of termination from Hyatt that terminated SVC&#039;s existing management agreement with Hyatt for 22 hotels, effective as of April 8, 2021, as a result of Hyatt&#039;s guaranty being exhausted. On April 7, 2021, SVC and Hyatt agreed to a short term extension of the termination date to May 22, 2021. SVC and Hyatt are currently in discussions regarding possible changes to the management agreement that may result in some or all of the hotels remaining Hyatt managed. However, if such discussions do not result in a mutually acceptable agreement for Hyatt to continue to manage some or all of these hotels, SVC expects to transition management of those hotels to Sonesta on or about June 1, 2021. </p> <p xmlns="http://www.w3.org/1999/xhtml"> <b xmlns="http://www.w3.org/1999/xhtml"><i xmlns="http://www.w3.org/1999/xhtml">Net Lease Retail Portfolio:</i></b> </p> <table xmlns="http://www.w3.org/1999/xhtml" cellspacing="0" class="bwtablemarginb bwblockalignl"> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwsinglebottom bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignc bwcellpmargin"> <b xmlns="http://www.w3.org/1999/xhtml">As of March 31, 2021</b> </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> Number of properties </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignc" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin bwalignc"> 798 </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> Industries </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0 bwpadr0 bwalignc" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin bwalignc"> 21 </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> Tenants </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0 bwalignc" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin bwalignc"> 168 </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> Brands </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0 bwpadr0 bwalignc" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin bwalignc"> 130 </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> Square feet </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0 bwalignc" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignc bwcellpmargin"> 13.5 million </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> Occupancy </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0 bwpadr0 bwalignc" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin bwalignc"> 98.5% </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> Weighted average lease term (by annual minimum rent) </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0 bwalignc" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignc bwcellpmargin"> 10.7 years </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> Coverage </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0 bwalignc" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignc bwcellpmargin"> 2.19x </p> </td> </tr> </table> <p xmlns="http://www.w3.org/1999/xhtml"> During the quarter ended March 31, 2021, SVC collected 93.1% of rents from its net lease tenants. In April 2021, SVC collected 97.7% of rents due from its net lease tenants. SVC recorded reserves for uncollectible revenues of $4.8 million for certain of its net lease tenants during the quarter ended March 31, 2021. </p> <p xmlns="http://www.w3.org/1999/xhtml"> SVC has granted temporary rent assistance to date totaling $12.1 million to 45 tenants, pursuant to deferred payment plans. During the quarter ended March 31, 2021, SVC entered into rent deferral agreements for $1.2 million of rent with five net lease tenants. Generally, these tenants are required to pay deferred rents over a 12-24 month period. The $12.1 million of granted temporary rent assistance is detailed as follows: </p> <table xmlns="http://www.w3.org/1999/xhtml" cellspacing="0" class="bwtablemarginb bwblockalignl"> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="3" class="bwvertalignb bwsinglebottom bwpadl0" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignc bwcellpmargin"> <b xmlns="http://www.w3.org/1999/xhtml">Granted Rent<br /> <br xmlns="http://www.w3.org/1999/xhtml" />Deferrals</b> </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" class="bwvertalignb bwsinglebottom bwpadl0" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignc bwcellpmargin"> <b xmlns="http://www.w3.org/1999/xhtml">Percentage of<br /> <br xmlns="http://www.w3.org/1999/xhtml" />Total Granted<br /> <br xmlns="http://www.w3.org/1999/xhtml" />Rent Deferrals</b> </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> As of December 31, 2020 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> $ </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 10,902 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 90.0 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignl bwcellpmargin"> % </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> New deferrals during the quarter ended March 31, 2021 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 1,228 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwsinglebottom bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 10.0 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwsinglebottom bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignl bwcellpmargin"> % </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl3" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> Total granted deferrals </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 12,130 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0 bwpadr0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 100.0 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignl bwcellpmargin"> % </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> Amounts repaid <sup xmlns="http://www.w3.org/1999/xhtml">(1)</sup> </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> (1,525) </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwsinglebottom bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 12.6 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwsinglebottom bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignl bwcellpmargin"> % </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl3" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> Outstanding rent deferral balance as of March 31, 2021 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwdoublebottom bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> $ </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwdoublebottom bwrowaltcolor0 bwpadl0 bwpadr0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 10,605 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwdoublebottom bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwdoublebottom bwrowaltcolor0 bwpadl0 bwpadr0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 87.4 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwdoublebottom bwrowaltcolor0 bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignl bwcellpmargin"> % </p> </td> </tr> </table> <table xmlns="http://www.w3.org/1999/xhtml" cellspacing="0" class="bwtablemarginb bwblockalignl"> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwpadl0 bwpadr0 bwvertalignt" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> (1) </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignt" rowspan="1" colspan="1"> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwvertalignt" rowspan="1" colspan="1">Collections of rent deferrals represents approximately 75% of the deferrals that have become due as of March 31, 2021.</td> </tr> </table> <p xmlns="http://www.w3.org/1999/xhtml"> <b xmlns="http://www.w3.org/1999/xhtml">Recent Investment Activities: </b> </p> <p xmlns="http://www.w3.org/1999/xhtml"> On March 9, 2021, SVC acquired a land parcel adjacent to a property it owns in Nashville, TN for a purchase price of $7.7 million, including acquisition related costs. </p> <p xmlns="http://www.w3.org/1999/xhtml"> During the quarter ended March 31, 2021, SVC sold one net lease property with 2,797 rentable square feet for $0.4 million, excluding closing costs. In April 2021, SVC sold one hotel with 146 rooms that was subject to a ground lease pursuant to a purchase option exercised by the third party lessor for $9.8 million, excluding closing costs, and one net lease property with 32,130 rentable square feet for $1.2 million, excluding closing costs. </p> <p xmlns="http://www.w3.org/1999/xhtml"> As previously announced, SVC has entered an agreement to sell five hotels with an aggregate of 430 rooms in four states for an aggregate sales price of $22.3 million, excluding closing costs. SVC has also entered agreements to sell two net lease properties with an aggregate of 35,330 square feet in two states for an aggregate sales price of $1.6 million, excluding closing costs. SVC expects these sales to be completed by the end of the second quarter of 2021. However, these sales are subject to conditions; accordingly, SVC cannot be sure that it will complete these sales or that these sales will not be delayed, or the terms will not change. </p> <p xmlns="http://www.w3.org/1999/xhtml"> During the quarter ended March 31, 2021, SVC funded a $25.4 million capital contribution to Sonesta related to Sonesta&#039;s acquisition of Red Lion Hotels Corporation. SVC continues to maintain its 34% ownership of Sonesta after giving effect to this funding. </p> <p xmlns="http://www.w3.org/1999/xhtml"> During the quarter ended March 31, 2021, SVC funded $29.0 million of capital improvements to certain of its properties. </p> <p xmlns="http://www.w3.org/1999/xhtml"> <b xmlns="http://www.w3.org/1999/xhtml">Financing Activities: </b> </p> <p xmlns="http://www.w3.org/1999/xhtml"> SVC borrowed the $972.8 million of remaining capacity under its revolving credit facility in the first quarter of 2021 as a precautionary measure to preserve financial flexibility. </p> <p xmlns="http://www.w3.org/1999/xhtml"> On April 15, 2021, SVC announced a $0.01 per common share dividend to be paid to its shareholders of record on April 26, 2021 and distributed on or about May 20, 2021. </p> <p xmlns="http://www.w3.org/1999/xhtml"> <b xmlns="http://www.w3.org/1999/xhtml"><i xmlns="http://www.w3.org/1999/xhtml">Conference Call:</i></b> </p> <p xmlns="http://www.w3.org/1999/xhtml"> On May 10, 2021 at 10:00 a.m. Eastern Time, John Murray, Chief Executive Officer, <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.svcreit.com%2Fabout%2Fleadership%2Fsenior-management%2Fbrian-donley%2Fdefault.aspx&amp;esheet=52426003&amp;newsitemid=20210507005599&amp;lan=en-US&amp;anchor=Brian+Donley&amp;index=3&amp;md5=48a20d64954fbc08fc413d6b8eb9ccfa" shape="rect" rel="nofollow">Brian Donley</a>, Chief Financial Officer and <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.svcreit.com%2Fabout%2Fleadership%2Fsenior-management%2Ftodd-hargreaves%2Fdefault.aspx&amp;esheet=52426003&amp;newsitemid=20210507005599&amp;lan=en-US&amp;anchor=Todd+Hargreaves&amp;index=4&amp;md5=f61bc2ac17845b55ec12841af86d9dac" shape="rect" rel="nofollow">Todd Hargreaves</a>, Chief Investment Officer, will host a conference call to discuss SVC&#039;s first quarter 2021 financial results. The conference call telephone number is (877) 329-3720. Participants calling from outside the United States and Canada should dial (412) 317-5434. No pass code is necessary to access the call from either number. Participants should dial in about 15 minutes prior to the scheduled start of the call. A replay of the conference call will be available through Monday, May 17, 2021. To access the replay, dial (412) 317-0088. The replay pass code ...</p><p><a href=https://www.benzinga.com/pressreleases/21/05/b21021729/service-properties-trust-announces-first-quarter-2021-results alt=Service Properties Trust Announces First Quarter 2021 Results>Full story available on Benzinga.com</a></p> RMR SVC Retail Sales Press Releases Fri, 07 May 2021 21:31:00 +0000 Business Wire 21021729 at https://www.benzinga.com HV Bancorp, Inc. Reports 66 Cents per Share for the Quarter Ended March 31, 2021 https://www.benzinga.com/pressreleases/21/05/g21021325/hv-bancorp-inc-reports-66-cents-per-share-for-the-quarter-ended-march-31-2021 <link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css" /> <p align="justify">DOYLESTOWN, Pa., May 07, 2021 (GLOBE NEWSWIRE) -- HV Bancorp, Inc. (the "Company") (Nasdaq Capital Market: HVBC), the holding company of Huntingdon Valley Bank (the "Bank"), reported results for the Company for the quarter ended March 31, 2021.  At quarter end March 31, 2021, the Company held total assets of $595.7 million (67.5% over first quarter 2020), total deposits of $477.2 million (71.5% increase over first quarter 2020) and total equity of $39.9 million (18.0% increase over first quarter 2020).  Highlights in the first quarter of 2021 include net earnings of $1.3 million, or $0.66 per basic share and $0.65 per diluted share, vs. net earnings of $149,000, or $0.07 per basic and diluted share in 2020.  For the quarter end March 31, 2021, ROA and ROE was 0.78% and 13.79%, respectively.  Shareholders&#039; equity increased 18.0% from $33.8 million at March 31, 2020, to $39.9 million at March 31, 2021, which increased book value for the Company from $14.97 per share to $18.32 per share over the same period.<br /></p> <p align="justify">Travis J. Thompson, Esq., Chairman, President &amp; CEO, commented, "HVB&#039;s outstanding first quarter underscores the successful execution of the Bank&#039;s growth strategy resulting in strong performance in both net-interest and non-interest income. Residential Mortgage originations continued its robust pace while the Business Banking team successfully originated over 340 second round PPP loans totaling $48.1 million. The dedication demonstrated by the HVB team since the onset of the COVID-19 pandemic has been remarkable as the Bank continues to attract new relationships by delivering a superior customer experience."</p> <p align="justify">Finally, Mr. Thompson noted, "Our Residential and Commercial lending pipelines are increasing as customer sentiment on the economic recovery following the COVID-19 pandemic and its effects continues to improve. With our newest locations in Mt Laurel, NJ and the South Philadelphia Banking Office opening this summer, HVB is well positioned to capitalize on market opportunities over a greater geography."</p> <p><strong><u>Highlights for the quarter ended March 31, 2021 include:</u></strong></p> <ul type="disc"> <li style="text-align:justify;">Net income for the quarter was $1.3 million compared to $149,000 from the same period in 2020. <br /><br /></li> <li style="text-align:justify;">Book value per share increased from $14.97 at March 31, 2020, to $18.32 at March 31, 2021.<br /><br /></li> <li style="text-align:justify;">Total combined revenue, comprising interest and non-interest income, for the quarter ended March 31, 2021, was $7.9 million, an increase of $2.7 million or 52.9% versus the same period in 2020. <br /><br /></li> <li style="text-align:justify;">Net interest income increased $1.2 million to $3.3 million for the three months ended March 31, 2021 from $2.1 million for the three months ended March 31, 2020.<br /><br /></li> <li style="text-align:justify;">Non-interest income increased $2.0 million to $4.1 million for the three months ended March 31, 2021, from $2.1 million for the three months ended March 31, 2020.<br /></li> </ul> <p align="justify"><strong><u>COVID-19 Update:</u></strong></p> <ul type="disc"> <li style="text-align:justify;">Through participation in the SBA&#039;s Paycheck Protection Program ("PPP"), the Company processed over 450 applications from new and existing customers with an aggregate outstanding balance of $50.7 million as of March 31, 2021, in the first round of PPP loans. The forgiveness process of the first round of PPP loans began in the fourth quarter of 2020 with approximately $30.9 million in PPP forgiveness received to date. In the first quarter of 2021, the Company processed over 340 applications with an outstanding balance of $48.1 million in the second round of PPP loans. <br /><br /></li> <li style="text-align:justify;">As of March 31, 2021, the Company had accommodated 75 residential and commercial loan requests of payment deferrals for borrowers that were impacted by COVID-19. As of March 31, 2021, there were two borrowers with an aggregate outstanding balance of $1.0 million in residential loans in payment deferral. <br /><br /></li> <li style="text-align:justify;">The Company continues to monitor its liquidity and capital. As of March 31, 2021, our capital ratios exceeded "well- capitalized" requirements (see selected consolidated financial data and other data). As of March 31, 2021, the Company maintained $138.2 million, or 23.2% of total assets, of cash and cash equivalents and $211.0 million, or 35.4% of total assets, of available borrowing capacity. The $211.0 million of available borrowing capacity consisted of unused borrowing capacity of $143.8 million at the Federal Home Loan Bank of Pittsburgh, $63.4 million of borrowing capacity with the PPPLF, $3.0 million of borrowing capacity from the Atlantic Community Bankers Bank and a $783,000 line of credit at the Federal Reserve Bank of Philadelphia.<br /></li> </ul> <p><strong><u>Balance Sheet: March 31, 2021, compared to December 31, 2020</u></strong></p> <p>Total assets decreased $265.9 million to $595.7 million at March 31, 2021 from $861.6 million at December 31, 2020. The decrease was primarily the result of decreases of $276.4 million in cash and cash equivalents and $24.6 million in loans held for sale, offset by increases of $28.2 million in loans receivable, $4.3 million in investment securities, $1.7 million in right-of-use asset and $760,000 in mortgage servicing rights. Cash and cash equivalents decreased $276.4 million to $138.2 million at March 31, 2021 from $414.6 million at December 31, 2020 as a result of anticipated outflows of retail deposits in our core deposit from certain accounts.</p> <p align="justify">Total liabilities decreased $266.8 million, or 32.4%, to $555.9 million at March 31, 2021, from $822.7 million at December 31, 2020. The decrease in total liabilities was primarily from a $253.6 million decrease in deposits, $13.4 million decrease in advances from the PPPLF, $1.0 million decrease in other liabilities offset by a $1.7 million increase in operating lease liabilities. Deposits decreased $253.6 million, or 34.7%, to $477.2 million at March 31, 2021 from $730.8 million at December 31, 2020. Our core deposits (consisting of demand deposits, money market, passbook and statement and checking accounts) decreased $250.7 million, or 37.5%, to $418.0 million at March 31, 2021 from $668.7 million at December 31, 2020. As previously discussed, there was an anticipated decrease in certain retail accounts in our core deposits during the first quarter of 2021. Certificates of deposit decreased $2.9 million, or 4.7%, to $59.2 million at March 31, 2021 from $62.1 million at December 31, 2020. The decrease in certificates of deposit was primarily the result of a decrease in retail growth of certificates of deposit.</p> <p align="justify">Total shareholders&#039; equity increased $1.0 million to $39.9 million at March 31, 2021 compared to $38.9 million at December 31, 2020 primarily as a result of net income of $1.3 million for the three months ended March 31, 2021, share based compensation expense of $61,000, ESOP shares committed to be released of $36,000 and a stock option exercise of $21,000<em>. </em>Offsetting these increases was other comprehensive loss of $232,000 due to the fair value adjustments, net of deferred tax, on the investment securities available-for-sale portfolio and $263,000 in treasury stock repurchases primarily as part of the stock repurchase plan approved in April 2019.</p> <p align="justify"><strong><u>Income Statement: March 31, 2021, compared to March 31, 2020</u></strong></p> <p align="justify"><strong><u>Net Interest Income: </u></strong></p> <p align="justify">Net interest income increased $1.2 million to $3.3 million for the three months ended March 31, 2021, from $2.1 million for three months ended March 31, 2020. The increase reflected a $32.7 million increase in our net interest-earning assets from $52.8 million for the three months ended March 31, 2020 to $85.5 million for the three months ended March 31, 2021.</p> <p align="justify"><strong><u>Provision for loan losses:</u></strong></p> <p align="justify">Provision for loan losses increased by $37,000 to $148,000 for the three months ended March 31, 2021, from $111,000 during the three months ended March 31, 2020. During the three months ended March 31, 2021, we recorded net charge-offs of $172,000 compared to net recoveries of $1,000 received for the three months ended March 31, 2020. Due to continued uncertainty of the economic conditions resulting from the COVID-19 pandemic, the Company increased the qualitative factors in the calculation of the allowance for loan losses. The Company will continue to monitor and additional adjustments to the allowance for loan losses may be necessary.        </p> <p align="justify"><strong><u>Non-Interest Income:</u></strong></p> <p align="justify">Non-interest income increased $2.0 million to $4.1 million for the three months ended March 31, 2021 from $2.1 million for the three months ended March 31, 2020. The gain on sale of loans, net increased $3.3 million to $4.9 million for the three months ended March 31, 2021 compared to $1.6 million for the three months ended March 31, 2020. The increase was primarily a result of higher loan sales which increased $125.6 million from $79.4 million for the three months ended March 31, 2020 to $205.0 million for the three months ended March 31, 2021. The change in fair value of loans held for sale decreased $715,000 to a loss of ($709,000) for the three months end March 31, 2021 compared to a gain of $6,000 in same period in 2020. There was a loss on derivatives instruments, net of ($236,000) for the three months end March 31, 2021 compared to a gain of $384,000 in same period in 2020.</p> <p align="justify"><strong><u>Non-Interest Expense: </u></strong></p> <p align="justify">Total non-interest expense increased $1.5 million, or 38.5% to $5.4 million for the three months ended March 31, 2021 from $3.9 million for the three months ended March 31, 2020.   The increase for the three months ended March 31, 2021 compared to the three months of March 31, 2020 was primarily a result of increases of $1.1 million in salaries and employee benefits, $174,000 in data processing related operations costs and $166,000 in Federal deposit insurance premiums. Salaries and employee benefits increased as full time equivalent (FTE) employees increased to one-hundred thirty-nine as of March 31, 2021, from one-hundred one as of March 31, 2020, primarily a result of the expansion of the Company&#039;s lending and business banking operations.</p> <p align="justify"><strong><u>Income Taxes:</u></strong></p> <p align="justify">Income tax expense was $488,000 and $48,000 for the three months ended March 31, 2021 and March 31, 2020, respectively. The increase in income tax expense for the three months ended March 31, 2021 compared to the same period a year ago reflected an increase in income before taxes at an effective tax rate of 27.3%.</p> <p align="justify"><strong><u>Net Income &amp; Book Value:</u></strong></p> <p align="justify">Net income increased $1.2 million to $1.3 million, approximately $0.66 cents per basic share and $0.65 per diluted share for the three months ended March 31, 2021, as compared to $149,000, or approximately $0.07 cents per basic and diluted share for the three months ended March 31, 2020. Book value per share increased from $14.97 at March 31, 2020 to $18.32 at March 31, 2021.</p> <p align="justify"><strong><u>Asset quality: </u></strong></p> <p align="justify">At March 31, 2021, the Company&#039;s non-performing assets totaled $2.9 million, or 0.49% of total assets compared to $2.3 million, or 0.26% at December 31, 2020. Non-performing loans increased $692,000, or 30.7% as a result of an increase of $731,000 in non-performing one-to four-family residential real estate loans offset by a decrease $39,000 in non-performing medical education loans as compared to December 31, 2020. There were no non-accruing troubled debt restructurings at March 31, 2021 and December 31, 2020.</p> <p align="justify">The allowance for loan losses totaled $2.0 million, or 0.58% of total loans and 67.65% of total non-performing loans at March 31, 2021 as compared to $2.0 million, or 0.64% of total loans and 89.49% of total non-performing loans at December 31, 2020.</p> <p><strong>About HV Bancorp, Inc.</strong></p> <p align="justify">HV Bancorp, Inc. (Nasdaq Capital Market: HVBC) is a bank holding company headquartered in Doylestown, PA. Through its ...</p><p><a href=https://www.benzinga.com/pressreleases/21/05/g21021325/hv-bancorp-inc-reports-66-cents-per-share-for-the-quarter-ended-march-31-2021 alt=HV Bancorp, Inc. Reports 66 Cents per Share for the Quarter Ended March 31, 2021>Full story available on Benzinga.com</a></p> Earnings HVBC Retail Sales Press Releases Fri, 07 May 2021 21:14:44 +0000 Globe Newswire 21021325 at https://www.benzinga.com Ryder Declares Quarterly Cash Dividend https://www.benzinga.com/pressreleases/21/05/b21019934/ryder-declares-quarterly-cash-dividend <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignc"> <i xmlns="http://www.w3.org/1999/xhtml">Company Pays Dividend for 179<sup xmlns="http://www.w3.org/1999/xhtml">th </sup>Consecutive Quarter</i> </p> <p xmlns="http://www.w3.org/1999/xhtml"> The Board of Directors of <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.ryder.com%2F&amp;esheet=52425912&amp;newsitemid=20210507005496&amp;lan=en-US&amp;anchor=Ryder+System%2C+Inc.&amp;index=1&amp;md5=22aa6686a92f252b7065ea94bf15ffda" shape="rect" rel="nofollow">Ryder System, Inc.</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/R#NYSE" rel="nofollow">R</a>), a leader in <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.ryder.com%2Fsolutions%2Fsupply-chain-optimization&amp;esheet=52425912&amp;newsitemid=20210507005496&amp;lan=en-US&amp;anchor=supply+chain&amp;index=2&amp;md5=adf17512d96d3248a8361aef5b2fd1c0" shape="rect" rel="nofollow">supply chain</a>, <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fryder.com%2Fsolutions%2Fdedicated-transportation&amp;esheet=52425912&amp;newsitemid=20210507005496&amp;lan=en-US&amp;anchor=dedicated+transportation&amp;index=3&amp;md5=0947b5cb407013be5518094ecd7555c7" shape="rect" rel="nofollow">dedicated transportation</a>, and <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fryder.com%2Fsolutions%2Ffleet-leasing&amp;esheet=52425912&amp;newsitemid=20210507005496&amp;lan=en-US&amp;anchor=fleet+management&amp;index=4&amp;md5=2e20104686c05d96ebf68d40bfa1c549" shape="rect" rel="nofollow">fleet management</a> solutions, today declared a regular quarterly cash dividend of $0.56 per share of common stock, to be paid on June 18, 2021, to shareholders of record on May 24, 2021. </p> <p xmlns="http://www.w3.org/1999/xhtml"> This is Ryder&#039;s 179<sup xmlns="http://www.w3.org/1999/xhtml">th</sup> consecutive quarterly cash dividend – marking more than 44 years of uninterrupted dividend payments. </p> <p xmlns="http://www.w3.org/1999/xhtml"> <b xmlns="http://www.w3.org/1999/xhtml">About Ryder</b> </p> <p xmlns="http://www.w3.org/1999/xhtml"> Ryder System, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/R#NYSE" rel="nofollow">R</a>) is a leading logistics and transportation company. It provides <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.ryder.com%2Fsolutions%2Fsupply-chain-optimization&amp;esheet=52425912&amp;newsitemid=20210507005496&amp;lan=en-US&amp;anchor=supply+chain&amp;index=5&amp;md5=3e2f87cc3fc37b880f60485f6d406cc9" shape="rect" rel="nofollow">supply chain</a>, <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.ryder.com%2Fen%2Fdedicated-transportation.aspx&amp;esheet=52425912&amp;newsitemid=20210507005496&amp;lan=en-US&amp;anchor=dedicated+transportation&amp;index=6&amp;md5=079f38d33351b71d9067e254cecad8bd" shape="rect" rel="nofollow">dedicated transportation</a>, and <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fryder.com%2Fsolutions%2Ffleet-leasing&amp;esheet=52425912&amp;newsitemid=20210507005496&amp;lan=en-US&amp;anchor=fleet+management&amp;index=7&amp;md5=f53772524c32fcf589a4d795acc9ef6a" shape="rect" rel="nofollow">fleet ...</a></p><p><a href=https://www.benzinga.com/pressreleases/21/05/b21019934/ryder-declares-quarterly-cash-dividend alt=Ryder Declares Quarterly Cash Dividend>Full story available on Benzinga.com</a></p> R Retail Sales Press Releases Fri, 07 May 2021 20:30:00 +0000 Business Wire 21019934 at https://www.benzinga.com Hertz Global Holdings Reports First Quarter 2021 Financial Results https://www.benzinga.com/pressreleases/21/05/n21019824/hertz-global-holdings-reports-first-quarter-2021-financial-results <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">ESTERO, Fla.</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">May 7, 2021</span> /PRNewswire/ -- Hertz Global Holdings, Inc. (OTCPK:HTZGQ) (&#34;Hertz Global&#34; or the &#34;Company&#34;) today reported results for its first quarter 2021 with revenue of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$1.3 billion</span>, net income attributable to the Company of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$190 million</span> and Adjusted Corporate EBITDA of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$2 million</span>. Liquidity at the end of the first quarter was <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$1.1 billion</span>.</p> <p xmlns="http://www.w3.org/1999/xhtml">&#34;This quarter we realized the first effects of the leisure travel rebound and capitalized on strong demand-driven pricing in destination markets that exceeded 2019 levels,&#34; said <span xmlns="http://www.w3.org/1999/xhtml" class="xn-person">Paul Stone</span>, Hertz Global&#39;s President and Chief Executive Officer. &#34;We&#39;re continuing to see improved demand and are optimistic about a sustained recovery. We&#39;re actively replenishing our fleet, despite the constraints of the global semiconductor shortage and its impact on the automotive supply chain. Most importantly, I&#39;m exceptionally proud of our employees who are working tirelessly to serve our customers as they&#39;re ready to be on the road again.&#34;</p> <p xmlns="http://www.w3.org/1999/xhtml">During the quarter, the Company closed on the sale of substantially all of the assets of its Donlen vehicle leasing and fleet management business to Athene Holding Ltd for <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$891 million</span> in cash proceeds, subject to certain adjustments. </p> <p xmlns="http://www.w3.org/1999/xhtml">&#34;Notably, we are also making great progress towards concluding the bankruptcy process,&#34; continues Stone. &#34;We are actively engaged with potential plan sponsor groups which we anticipate will deliver a robust recovery for creditors and shareholders. We remain on track to emerge in June and are poised to do so with more efficient operations and a stronger balance sheet for the future.&#34; </p> <p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">U.S. RENTAL CAR (&#34;U.S. RAC&#34;) SUMMARY</b></p> <div xmlns="http://www.w3.org/1999/xhtml"> <table xmlns="http://www.w3.org/1999/xhtml" cellspacing="0" cellpadding="0" border="1" class="prntblns"> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">U.S. RAC</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="7" nowrap="nowrap" class="prngen4"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">Three Months Ended</b></span></p> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">March 31,</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen5"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" rowspan="2" colspan="2" nowrap="nowrap" class="prngen6"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">Percent<br xmlns="http://www.w3.org/1999/xhtml" />Inc/(Dec)</b></span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen7"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><u xmlns="http://www.w3.org/1999/xhtml">($ in millions, except where noted)</u></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="3" nowrap="nowrap" class="prngen8"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">2021</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen5"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="3" nowrap="nowrap" class="prngen9"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">2020</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen7"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Total revenues</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen11"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">946</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen11"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen11"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">1,381</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen11"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen12"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">(32)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen13"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">%</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen14"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="3" nowrap="nowrap" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="3" nowrap="nowrap" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" nowrap="nowrap" class="prngen15"><br xmlns="http://www.w3.org/1999/xhtml" /></td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen7"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Adjusted EBITDA</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">24</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen12"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">(199)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" nowrap="nowrap" class="prnsbt1 prnrbrs prnvab prnsbb1 prnpl6 prnsbl1 prnpr6"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">NM</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen7"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Adjusted EBITDA Margin</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" nowrap="nowrap" class="prngen12"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">3</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen17"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">%</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" nowrap="nowrap" class="prngen12"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">(14)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen17"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">%</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" nowrap="nowrap" class="prngen15"><br xmlns="http://www.w3.org/1999/xhtml" /></td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen14"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="3" nowrap="nowrap" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="3" nowrap="nowrap" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" nowrap="nowrap" class="prngen15"><br xmlns="http://www.w3.org/1999/xhtml" /></td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen7"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Average Vehicles (in whole units)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" nowrap="nowrap" class="prngen10"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">292,154</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" nowrap="nowrap" class="prngen10"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">518,580</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen12"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">(44)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen18"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">%</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen7"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Vehicle Utilization</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" nowrap="nowrap" class="prngen12"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">75</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen17"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">%</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" nowrap="nowrap" class="prngen12"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">67</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen17"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">%</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" nowrap="nowrap" class="prngen15"><br xmlns="http://www.w3.org/1999/xhtml" /></td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen7"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Transaction Days (in thousands)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" nowrap="nowrap" class="prngen10"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">19,776</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" nowrap="nowrap" class="prngen10"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">31,564</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen12"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">(37)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen18"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">%</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen7"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Total RPD (in whole dollars)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">47.63</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">42.74</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen12"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">11</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen18"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">%</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen7"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Total RPU Per Month (in whole dollars)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">1,075</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">867</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen12"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">24</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen18"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">%</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen19"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Depreciation Per Unit Per Month (in whole dollars)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen20"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen20"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">234</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen20"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen20"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen20"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen20"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">298</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen20"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen20"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen21"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">(21)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen22"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">%</span></p> </td> </tr> </table> </div> <p><br xmlns="http://www.w3.org/1999/xhtml" /><br /> <div xmlns="http://www.w3.org/1999/xhtml"> <table xmlns="http://www.w3.org/1999/xhtml" cellspacing="0" cellpadding="0" border="0" class="prngen2"> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen23"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><i xmlns="http://www.w3.org/1999/xhtml">NM - Not meaningful</i></span></p> </td> </tr> </table> </div> </p><p xmlns="http://www.w3.org/1999/xhtml">U.S. RAC revenue declined 32% period over period due to lower volume, partially offset by an 11% increase in Total RPD. Strong pricing during the quarter was driven by tighter fleet levels combined with upward trending leisure travel. </p> <p xmlns="http://www.w3.org/1999/xhtml">Depreciation Per Unit Per Month decreased 21%, driven by strength in market residual values.</p> <p xmlns="http://www.w3.org/1999/xhtml">Direct operating and selling, general and administration expenses declined 33% year over year as the Company continued to drive productivity, aligning costs with demand. </p> <p xmlns="http://www.w3.org/1999/xhtml">Despite revenue headwinds from the pandemic, U.S. RAC Adjusted EBITDA margin was at its highest first quarter level since 2015.</p> <p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">INTERNATIONAL RENTAL CAR (&#34;INTERNATIONAL RAC&#34;) SUMMARY</b></p> <div xmlns="http://www.w3.org/1999/xhtml"> <table xmlns="http://www.w3.org/1999/xhtml" cellspacing="0" cellpadding="0" border="1" class="prntblns"> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">International RAC</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="7" class="prngen4"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">Three Months Ended</b></span></p> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">March 31,</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen5"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" rowspan="2" colspan="2" nowrap="nowrap" class="prngen6"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">Percent <br xmlns="http://www.w3.org/1999/xhtml" />Inc/(Dec)</b></span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen7"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><u xmlns="http://www.w3.org/1999/xhtml">($ in millions, except where noted)</u></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="3" class="prngen8"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">2021</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen5"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="3" class="prngen9"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">2020</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen7"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Total revenues</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen10"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen11"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">207</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen11"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen10"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen11"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">368</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen11"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen12"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">(44)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen13"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">%</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen14"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="3" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="3" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" class="prngen15"><br xmlns="http://www.w3.org/1999/xhtml" /></td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen7"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Adjusted EBITDA</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen10"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen12"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">(6)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen10"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen12"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">(45)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen12"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">(86)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen18"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">%</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen7"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Adjusted EBITDA Margin</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" class="prngen12"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">(3)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen17"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">%</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" class="prngen12"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">(12)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen17"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">%</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" class="prngen15"><br xmlns="http://www.w3.org/1999/xhtml" /></td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen14"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="3" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="3" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" class="prngen15"><br xmlns="http://www.w3.org/1999/xhtml" /></td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen7"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Average Vehicles (in whole units)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" class="prngen10"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">75,446</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" class="prngen10"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">147,987</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen12"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">(49)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen18"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">%</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen7"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Vehicle Utilization</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" class="prngen12"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">72</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen17"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">%</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" class="prngen12"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">66</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen17"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">%</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" class="prngen15"><br xmlns="http://www.w3.org/1999/xhtml" /></td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen7"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Transaction Days (in thousands)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" class="prngen10"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">4,872</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" class="prngen10"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">8,863</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen12"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">(45)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen18"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">%</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen7"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Total RPD (in whole dollars)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen10"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen10"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">42.49</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen10"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen10"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">45.57</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen12"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">(7)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen18"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">%</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen7"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Total RPU Per Month (in whole dollars)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen10"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen10"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">915</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen10"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen10"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">910</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen12"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">1</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen18"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">%</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen19"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Depreciation Per Unit Per Month (in whole dollars)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen20"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen20"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">168</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen20"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen20"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen20"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen20"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">220</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen20"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen20"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen21"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">(24)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="prngen22"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">%</span></p> </td> </tr> </table> </div> <p xmlns="http://www.w3.org/1999/xhtml">Total International RAC revenues were down 49% year over year on a constant currency basis. A mix shift in volume from airport rentals to longer-length, lower-priced off-airport rentals contributed to a 7% decrease in Total RPD versus first quarter 2020. </p> <p xmlns="http://www.w3.org/1999/xhtml">Depreciation Per Unit Per Month decreased 24%, driven by strong residual values across key markets. </p> <p xmlns="http://www.w3.org/1999/xhtml">Direct operating and selling, general and administration expenses declined 43% year over year as the Company continued to drive productivity, aligning costs with demand. </p> <p xmlns="http://www.w3.org/1999/xhtml">Adjusted EBITDA loss of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$6 million</span> reflects an impressive 86% improvement year over year.</p> <p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">ALL OTHER OPERATIONS SUMMARY</b></p> <div xmlns="http://www.w3.org/1999/xhtml"> <table xmlns="http://www.w3.org/1999/xhtml" cellspacing="0" cellpadding="0" border="1" class="prntblns"> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen3"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">All Other Operations</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="7" nowrap="nowrap" class="prngen4"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">Three Months Ended</b></span></p> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">March 31,</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen5"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" rowspan="2" colspan="2" nowrap="nowrap" class="prngen6"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">Percent <br xmlns="http://www.w3.org/1999/xhtml" />Inc/(Dec)</b></span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen7"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><u xmlns="http://www.w3.org/1999/xhtml">($ in millions, except where noted)</u></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="3" nowrap="nowrap" class="prngen8"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">2021</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen5"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="3" nowrap="nowrap" class="prngen9"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">2020</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen7"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Total revenues</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen11"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">136</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen11"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen11"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">174</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen11"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen12"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">(22)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen13"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">%</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen14"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="3" nowrap="nowrap" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="3" nowrap="nowrap" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" nowrap="nowrap" class="prngen15"><br xmlns="http://www.w3.org/1999/xhtml" /></td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen7"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Adjusted EBITDA</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">13</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">24</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen12"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">(46)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen18"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">%</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen7"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Adjusted EBITDA Margin</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" nowrap="nowrap" class="prngen12"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">10</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen17"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">%</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" nowrap="nowrap" class="prngen12"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">14</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen17"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">%</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" nowrap="nowrap" class="prngen15"><br xmlns="http://www.w3.org/1999/xhtml" /></td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen14"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="3" nowrap="nowrap" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="3" nowrap="nowrap" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen10"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" nowrap="nowrap" class="prngen15"><br xmlns="http://www.w3.org/1999/xhtml" /></td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen19"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Average Vehicles (in whole units) - Donlen</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" nowrap="nowrap" class="prngen20"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">182,362</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen20"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen20"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" nowrap="nowrap" class="prngen20"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">201,364</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen20"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen20"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen21"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">(9)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen22"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">%</span></p> </td> </tr> </table> </div> <p xmlns="http://www.w3.org/1999/xhtml">All Other Operations primarily is comprised of the Company&#39;s Donlen leasing and fleet management operations. Revenue and Adjusted EBITDA declines were driven by lower leasing volume year over year. </p> <p xmlns="http://www.w3.org/1999/xhtml">On <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">March 30, 2021</span>, the Company sold substantially all of the assets of its Donlen business to Athene Holding Ltd. and  recognized a pre-tax gain in its corporate operations of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$392 million</span> .</p> <p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">RESULTS OF THE HERTZ CORPORATION</b></p> <p xmlns="http://www.w3.org/1999/xhtml">The GAAP and non-GAAP profitability metrics for Hertz Global&#39;s operating subsidiary, The Hertz Corporation (&#34;Hertz&#34;), are materially the same as those for Hertz Global for the first quarter 2021 and 2020.</p> <p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">FINANCIAL REORGANIZATION</b></p> <p xmlns="http://www.w3.org/1999/xhtml">As previously announced, on <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">May 22, 2020</span>, Hertz Global and Hertz (together, the &#34;Companies&#34;) and certain of their direct and indirect subsidiaries in <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">the United States</span> and <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Canada</span> filed voluntary petitions for relief under chapter 11 of the U.S. Bankruptcy Code (the &#34;Reorganization&#34;).</p> <p xmlns="http://www.w3.org/1999/xhtml">The Reorganization provides the time to put in place a new, stronger financial foundation to move successfully through the COVID-19 pandemic and to better position the Companies for the future. Throughout the Reorganization process, all of Hertz&#39;s businesses globally, including its Hertz, Dollar, Thrifty, Firefly, and Hertz Car Sales, are open and serving customers. All reservations, promotional offers, vouchers, and customer and loyalty programs, including rewards points, are expected to continue as usual. </p> <p xmlns="http://www.w3.org/1999/xhtml">Information related to the Reorganization is included in the Hertz Global and Hertz Form 10-Qs for the quarterly period ended <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">March 31, 2021</span> filed with the Securities and Exchange Commission (&#34;SEC&#34;) and on the Hertz website, IR.Hertz.com. Additional information, including access to documents filed with the Bankruptcy Court, is also available online at <a xmlns="http://www.w3.org/1999/xhtml" target="_blank" href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=3155352-1&amp;h=1960984886&amp;u=https%3A%2F%2Frestructuring.primeclerk.com%2Fhertz&amp;a=https%3A%2F%2Frestructuring.primeclerk.com%2Fhertz" rel="nofollow" rel="nofollow">https://restructuring.primeclerk.com/hertz</a>, a website administered by Prime Clerk, LLC, a third-party bankruptcy claims and noticing agent. </p> <p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">SELECTED FINANCIAL DATA, SUPPLEMENTAL SCHEDULES, NON-GAAP MEASURES AND DEFINITIONS</b></p> <p xmlns="http://www.w3.org/1999/xhtml">Following is selected financial data of Hertz Global. Also included are Supplemental Schedules, which are provided to present segment results, and reconciliations of non-GAAP measures to their most comparable GAAP measure. Following the Supplemental Schedules, the Company provides definitions for terminology used throughout this earnings release and provides the usefulness of non-GAAP measures to investors and additional purposes for which management uses such measures.</p> <p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">ABOUT HERTZ </b></p> <p xmlns="http://www.w3.org/1999/xhtml">The Hertz Corporation, a subsidiary of Hertz Global Holdings, Inc., operates the Hertz, Dollar and Thrifty vehicle rental brands throughout <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">North America</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Europe</span>, the <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Caribbean</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Latin America</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Africa</span>, the <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Middle East</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Asia</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Australia</span> and <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">New Zealand</span>. The Hertz Corporation is one of the largest worldwide vehicle rental companies, and the Hertz brand is one of the most recognized globally. Additionally, The Hertz Corporation operates the Firefly vehicle rental brand and Hertz 24/7 car sharing business in international markets and sells vehicles through Hertz Car Sales. For more information about The Hertz Corporation, visit <a xmlns="http://www.w3.org/1999/xhtml" target="_blank" href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=3155352-1&amp;h=1651466121&amp;u=http%3A%2F%2Fwww.hertz.com%2F&amp;a=www.hertz.com" rel="nofollow" rel="nofollow">www.hertz.com</a>. </p> <p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS </b></p> <p xmlns="http://www.w3.org/1999/xhtml">Certain statements contained or incorporated by reference in this release, and in related comments by the Company&#39;s management, include &#34;forward-looking statements.&#34; Forward-looking statements include information concerning the Company&#39;s liquidity and its possible or assumed future results of operations, including descriptions of its business strategies. These statements often include words such as &#34;believe,&#34; &#34;expect,&#34; &#34;project,&#34; &#34;potential,&#34; &#34;anticipate,&#34; &#34;intend,&#34; &#34;plan,&#34; &#34;estimate,&#34; &#34;seek,&#34; &#34;will,&#34; &#34;may,&#34; &#34;would,&#34; &#34;should,&#34; &#34;could,&#34; &#34;forecasts&#34; or similar expressions. These statements are based on certain assumptions that the Company has made in light of its experience in the industry as well as its perceptions of historical trends, current conditions, expected future developments and other factors it believes are appropriate in these circumstances. The Company believes these judgments are reasonable, but you should understand that these statements are not guarantees of performance or results, and the Company&#39;s actual results could differ materially from those expressed in the forward-looking statements due to a variety of important factors, both positive and negative, that may be revised or supplemented in subsequent reports on Forms 10-K, 10-Q and 8-K filed or furnished to the SEC. Among other items, such factors could include: the Company&#39;s ability to navigate the Chapter 11 process, including obtaining Bankruptcy Court approval for certain actions, complying with and operating under the requirements and constraints of the Bankruptcy Code, developing, funding and executing the Company&#39;s business plan and continuing as a going concern; the actions and decisions of creditors, regulators and other third parties that have an interest in the Chapter 11 cases; our ability to effectuate the Chapter 11 plan of reorganization described in the plan support agreement with certain of our creditors; the impact of the Company&#39;s delisting from the New York Stock Exchange on the Company&#39;s stockholders; the value of the Company&#39;s common stock due to the Chapter 11 process or its treatment under the Fourth Modified Second Amended Joint Chapter 11 Plan of Reorganization of the Debtors filed on <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">April 21, 2021</span>; levels of travel demand, particularly with respect to business and leisure travel in the U.S. and in global markets; the length and severity of COVID-19 and the impact on the Company&#39;s vehicle rental business as a result of travel restrictions and business closures or disruptions; the impact of COVID-19 and actions taken in response to the pandemic on global and regional economies and economic factors; general economic uncertainty and the pace of economic recovery, including in key global markets, when COVID-19 subsides; the Company&#39;s ability to successfully restructure the Company&#39;s substantial indebtedness or raise additional capital; the Company&#39;s post-bankruptcy capital structure; the Company&#39;s ability to remediate the material weaknesses in our internal controls over financial reporting; the Company&#39;s ability to maintain an effective employee retention and talent management strategy and resulting changes in personnel and employee relations; the recoverability of the Company&#39;s goodwill and indefinite-lived intangible assets when performing impairment analysis; the Company&#39;s ability to dispose of vehicles in the used-vehicle market, use the proceeds of such sales to acquire new vehicles and to reduce exposure to residual risk; actions creditors may take with respect to the vehicles used in the rental car operations; significant changes in the competitive environment and the effect of competition in the Company&#39;s markets on rental volume and pricing; occurrences that disrupt rental activity during the Company&#39;s peak periods; the Company&#39;s ability to accurately estimate future levels of rental activity and adjust the number and mix of vehicles used in the Company&#39;s rental operations accordingly; the Company&#39;s ability to retain customer loyalty and market share; increased vehicle costs due to declining value of the Company&#39;s non-program vehicles; the Company&#39;s ability to maintain sufficient liquidity and the availability to it of additional or continued sources of financing for the Company&#39;s revenue earning vehicles and to refinance its existing indebtedness; risks related to the Company&#39;s indebtedness, including its substantial amount of debt, its ability to incur substantially more debt, the fact that substantially all of the Company&#39;s consolidated assets secure certain of its outstanding indebtedness and increases in interest rates or in its borrowing margins; the Company&#39;s ability to meet the financial and other covenants contained in its DIP Credit Agreement and certain asset-backed and asset-based arrangements; the Company&#39;s ability to access financial markets, including the financing of its vehicle fleet through the issuance of asset-backed securities; fluctuations in interest rates, foreign currency exchange rates and commodity prices; the Company&#39;s ability to sustain operations during adverse economic cycles and unfavorable external events (including war, terrorist acts, natural disasters and epidemic disease); the Company&#39;s ability to prevent the misuse or theft of information it possesses, including as a result of cyber security breaches and other security threats; the Company&#39;s ability to adequately respond to changes in technology, customer demands and market competition; the Company&#39;s ability to successfully implement any strategic transactions; the Company&#39;s ability to purchase adequate supplies of competitively priced vehicles and risks relating to the availability and increases in the cost of the vehicles it purchases as a result of the continuing semiconductor microchip manufacturing shortage; the Company&#39;s recognition of previously deferred tax gains on the disposition of revenue earning vehicles; financial instability of the manufacturers of the Company&#39;s vehicles, which could impact their ability to fulfill obligations under repurchase or guaranteed depreciation programs; an increase in the Company&#39;s vehicle costs or disruption to the Company&#39;s rental activity, particularly during peak periods, due to safety recalls by the manufacturers of the Company&#39;s vehicles; the Company&#39;s ability to execute a business continuity plan; the Company&#39;s access to third-party distribution channels and related prices, commission structures and transaction volumes; the Company&#39;s ability to retain customer loyalty and market share; risks associated with operating in many different countries, including the risk of a violation or alleged violation of applicable anti-corruption or anti-bribery laws, the Company&#39;s ability to repatriate cash from non-U.S. affiliates without adverse tax consequences, a major disruption in the Company&#39;s communication or centralized information networks; a failure to maintain, upgrade and consolidate the Company&#39;s information technology systems; costs and risks associated with potential litigation and investigations or any failure or inability to comply with laws and regulations or any changes in the legal and regulatory environment; the Company&#39;s ability to maintain its network of leases and vehicle rental concessions at airports in the U.S. and internationally; the Company&#39;s ability to maintain favorable brand recognition and a coordinated branding and portfolio strategy; changes in the existing, or the adoption of new laws, regulations, policies or other activities of governments, agencies and similar organizations, where such actions may affect the Company&#39;s operations, the cost thereof or applicable tax rates; risks relating to the Company&#39;s deferred tax assets, including the risk of an &#34;ownership change&#34; under the Internal Revenue Code of 1986, as amended; the Company&#39;s exposure to uninsured claims in excess of historical levels; risks relating to the Company&#39;s participation in multiemployer pension plans; shortages of fuel and increases or volatility in fuel costs; the Company&#39;s ability to manage its relationships with unions; changes in accounting principles, or their application or interpretation, and the Company&#39;s ability to make accurate estimates and the assumptions underlying the estimates, which could have an effect on operating results; and other risks and uncertainties described from time to time in periodic and current reports that we file with the SEC.</p> <p xmlns="http://www.w3.org/1999/xhtml">Additional information concerning these and other factors can be found in the Company&#39;s filings with the SEC, including its Annual Reports on Form 10-K, Quarterly Reports on From 10-Q and Current Reports on Form 8-K.</p> <p xmlns="http://www.w3.org/1999/xhtml">You should not place undue reliance on forward-looking statements. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements. All such statements speak only as of the date of this Quarterly Report on Form 10-Q, and, except as required by law, the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.</p> <p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">FINANCIAL INFORMATION AND OPERATING DATA</b></p> <p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml"><i xmlns="http://www.w3.org/1999/xhtml">SELECTED UNAUDITED CONSOLIDATED INCOME STATEMENT DATA</i></b></p> <div xmlns="http://www.w3.org/1999/xhtml"> <table xmlns="http://www.w3.org/1999/xhtml" cellspacing="0" cellpadding="0" border="0" class="prngen2"> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" colspan="14" class="prngen24"><br xmlns="http://www.w3.org/1999/xhtml" /></td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen25"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="7" nowrap="nowrap" class="prnsbts prnrbrb0 prnvab prnsbtb0 prntac prnpl6 prnsblb0 prnpr6"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">Three Months Ended</b></span></p> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">March 31,</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prnsbts prnrbrb0 prnvab prnsbtb0 prntar prnpl6 prnsblb0 prnpr8"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="5" nowrap="nowrap" class="prngen28"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">As a Percentage of Total <br xmlns="http://www.w3.org/1999/xhtml" />Revenues</b></span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prnsbtb0 prnrbrb0 prnvab prnsbtb0 prntal prnpl6 prnsbls prnpr6"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><u xmlns="http://www.w3.org/1999/xhtml">(In millions, except per share data)</u></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="3" nowrap="nowrap" class="prngen30"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">2021</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen30"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="3" nowrap="nowrap" class="prngen30"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">2020</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen30"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" nowrap="nowrap" class="prngen30"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">2021</b></span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen30"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" nowrap="nowrap" class="prngen31"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span"><b xmlns="http://www.w3.org/1999/xhtml">2020</b></span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen32"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Total revenues</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">1,289</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">$</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">1,923</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen34"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">100</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen35"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">%</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen34"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">100</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen36"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">%</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen32"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Expenses:</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="3" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="3" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" nowrap="nowrap" class="prngen37"><br xmlns="http://www.w3.org/1999/xhtml" /></td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen32"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnml10"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Direct vehicle and operating</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" nowrap="nowrap" class="prngen33"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">827</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" nowrap="nowrap" class="prngen33"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">1,241</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen34"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">64</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen35"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">%</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen34"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">65</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen36"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">%</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen32"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnml10"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Depreciation of revenue earning vehicles and lease charges</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" nowrap="nowrap" class="prngen33"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">243</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" nowrap="nowrap" class="prngen33"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">677</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen34"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">19</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen35"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">%</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen34"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">35</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen36"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">%</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen32"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnml10"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Selling, general and administrative</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" nowrap="nowrap" class="prngen33"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">156</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" nowrap="nowrap" class="prngen33"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">208</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen34"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">12</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen35"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">%</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen34"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">11</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen36"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">%</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen32"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnml10"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Interest expense, net:</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="3" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="3" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" nowrap="nowrap" class="prngen37"><br xmlns="http://www.w3.org/1999/xhtml" /></td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen32"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnml10"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Vehicle</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" nowrap="nowrap" class="prngen33"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">104</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" nowrap="nowrap" class="prngen33"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">118</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen34"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">8</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen35"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">%</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen34"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">6</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen36"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">%</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen32"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnml10"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Non-vehicle</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" nowrap="nowrap" class="prngen24"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">44</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" nowrap="nowrap" class="prngen24"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">57</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen34"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">3</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen35"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">%</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen34"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">3</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen36"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">%</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen32"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnml20"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Total interest expense, net</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" nowrap="nowrap" class="prngen24"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">148</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" nowrap="nowrap" class="prngen24"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">175</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen34"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">11</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen35"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">%</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen34"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">9</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen36"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">%</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen32"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnml10"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Other (income) expense, net</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" nowrap="nowrap" class="prngen34"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">(3)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" nowrap="nowrap" class="prngen34"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">(17)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen34"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">—</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen35"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">%</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen34"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">(1)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen36"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">%</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen32"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnml10"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Reorganization items, net</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" nowrap="nowrap" class="prngen33"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">42</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" nowrap="nowrap" class="prngen33"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">—</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen34"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">3</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen35"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">%</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen34"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">—</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen36"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">%</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen32"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnml10"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">(Gain) from the sale of a business</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" nowrap="nowrap" class="prngen38"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">(392)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" nowrap="nowrap" class="prngen24"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">—</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen34"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">30</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen35"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">%</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen34"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">—</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen36"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">%</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen32"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnml10"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Total expenses</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" nowrap="nowrap" class="prngen33"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">1,021</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" nowrap="nowrap" class="prngen33"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">2,284</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen34"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">79</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen35"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">%</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen34"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">119</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen36"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">%</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen32"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Income (loss) before income taxes</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" nowrap="nowrap" class="prngen33"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">268</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" nowrap="nowrap" class="prngen34"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">(361)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen34"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">21</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen35"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">%</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen34"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">(19)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen36"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">%</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen32"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Income tax (provision) benefit</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" nowrap="nowrap" class="prngen38"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">(79)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" nowrap="nowrap" class="prngen24"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">4</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen34"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">(6)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen35"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">%</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen34"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">—</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen36"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">%</span></p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen32"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">Net income (loss) </span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" nowrap="nowrap" class="prngen33"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">189</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" nowrap="nowrap" class="prngen34"> <p xmlns="http://www.w3.org/1999/xhtml" class="prnews_p"><span xmlns="http://www.w3.org/1999/xhtml" class="prnews_span">(357)</span></p> </td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" class="prngen33"><br xmlns="http://www.w3.org/1999/xhtml" /></td> <td xmlns="http://www.w3.org/1999/xhtml" nowrap="nowrap" ...</tr></table></div><p><a href=https://www.benzinga.com/pressreleases/21/05/n21019824/hertz-global-holdings-reports-first-quarter-2021-financial-results alt=Hertz Global Holdings Reports First Quarter 2021 Financial Results>Full story available on Benzinga.com</a></p> automotive Earnings HTZGQ Transportation/Trucking/Railroad Retail Sales Small Cap Press Releases Fri, 07 May 2021 20:25:00 +0000 PRNewswire 21019824 at https://www.benzinga.com Mercedes-Benz Arrowhead Sprinter Is offering a discounted Sprinter B-Service throughout the month of May 2021 https://www.benzinga.com/pressreleases/21/05/p21018907/mercedes-benz-arrowhead-sprinter-is-offering-a-discounted-sprinter-b-service-throughout-the-month- <p><i>Drivers in the Phoenix area can stop in at Mercedes-Benz Arrowhead Sprinter for discounted van maintenance</i></p> <p class="releaseDateline">PEORIA, Ariz. (PRWEB) May 07, 2021 </p> <p> Mercedes-Benz Arrowhead Sprinter, a van retailing dealership in Peoria, is offering discounted Sprinter B-Services this month, May 2021. Drivers in the Phoenix area who drive Mercedes-Benz Sprinter Cargo, Crew or Passenger Vans are encouraged to come in for their B-Service appointment this month and receive a $100 discount. </p> <p>Sprinter B-Service appointments are recommended after the 20,000-mile or two-year mark for most Mercedes-Benz Sprinter Vans. They are recommended ...</p><p><a href=https://www.benzinga.com/pressreleases/21/05/p21018907/mercedes-benz-arrowhead-sprinter-is-offering-a-discounted-sprinter-b-service-throughout-the-month- alt=Mercedes-Benz Arrowhead Sprinter Is offering a discounted Sprinter B-Service throughout the month of May 2021>Full story available on Benzinga.com</a></p> Retail Sales Fri, 07 May 2021 20:00:00 +0000 PRWeb 21018907 at https://www.benzinga.com Mercedes-Benz Arrowhead Sprinter Is offering a discounted Sprinter B-Service throughout the month of May 2021 https://www.benzinga.com/pressreleases/21/05/n21018884/mercedes-benz-arrowhead-sprinter-is-offering-a-discounted-sprinter-b-service-throughout-the-month- <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">PEORIA, Ariz.</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">May 7, 2021</span> /PRNewswire-PRWeb/ -- Mercedes-Benz Arrowhead Sprinter, a van retailing dealership in <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Peoria</span>, is offering discounted Sprinter B-Services this month, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">May 2021</span>. Drivers in the <span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">Phoenix</span> area who drive Mercedes-Benz Sprinter Cargo, Crew or Passenger Vans are encouraged to come in for their B-Service appointment this month and receive a <span xmlns="http://www.w3.org/1999/xhtml" class="xn-money">$100</span> discount. </p> <p xmlns="http://www.w3.org/1999/xhtml">Sprinter B-Service appointments are recommended after the 20,000-mile or two-year mark for most Mercedes-Benz Sprinter Vans. They are recommended every 20,000 miles or two years after that ...</p><p><a href=https://www.benzinga.com/pressreleases/21/05/n21018884/mercedes-benz-arrowhead-sprinter-is-offering-a-discounted-sprinter-b-service-throughout-the-month- alt=Mercedes-Benz Arrowhead Sprinter Is offering a discounted Sprinter B-Service throughout the month of May 2021>Full story available on Benzinga.com</a></p> advertising automotive Transportation/Trucking/Railroad Retail Sales Press Releases Fri, 07 May 2021 20:00:00 +0000 PRNewswire 21018884 at https://www.benzinga.com CBRE Clarion Global Real Estate Income Fund (NYSE: IGR) Declares Monthly Distribution for May https://www.benzinga.com/pressreleases/21/05/b21017818/cbre-clarion-global-real-estate-income-fund-nyse-igr-declares-monthly-distribution-for-may <p xmlns="http://www.w3.org/1999/xhtml"> The Board of Trustees of the CBRE Clarion Global Real Estate Income Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IGR#NYSE" rel="nofollow">IGR</a>) (the "Fund") has declared a monthly distribution of $0.05 per share for the month of May 2021. The following dates apply: </p> <table xmlns="http://www.w3.org/1999/xhtml" cellspacing="0" class="bwblockalignl bwtablemarginb"> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" rowspan="1" colspan="1"></td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignt bwpadl0 bwalignc bwnowrap" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin bwalignc"> Declaration Date </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwalignc bwnowrap" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignc bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0 bwalignc bwnowrap" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin bwalignc"> Ex-Dividend Date </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwalignc bwnowrap" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignc bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0 bwalignc bwnowrap" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin bwalignc"> Record Date </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwalignc bwnowrap" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignc bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0 bwalignc bwnowrap" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin bwalignc"> Payable Date </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignt bwsinglebottom bwpadl0 bwrowaltcolor1" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> May 2021 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwblockalignl bwtablemarginb bwsinglebottom bwrowaltcolor1" rowspan="1" colspan="1"></td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignt bwsinglebottom bwpadl0 bwrowaltcolor1" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> 05-07-2021 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwblockalignl bwtablemarginb bwsinglebottom bwrowaltcolor1" rowspan="1" colspan="1"></td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignt bwsinglebottom bwpadl0 bwrowaltcolor1" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> 05-19-2021 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwblockalignl bwtablemarginb bwsinglebottom bwrowaltcolor1" rowspan="1" colspan="1"></td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignt bwsinglebottom bwpadl0 bwrowaltcolor1" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> 05-20-2021 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwblockalignl bwtablemarginb bwsinglebottom bwrowaltcolor1" rowspan="1" colspan="1"></td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignt bwsinglebottom bwpadl0 bwrowaltcolor1" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> 05-28-2021 </p> </td> </tr> </table> <p xmlns="http://www.w3.org/1999/xhtml"> IGR&#039;s current annualized distribution rate is 7.4% based on the closing market price of $8.06 on May 5, 2021, and 6.7% based on a closing NAV of $8.94 as of the same date. </p> <p xmlns="http://www.w3.org/1999/xhtml"> Future earnings of the Fund cannot be guaranteed, and the Fund&#039;s distribution policy is subject to change. For more information on the Fund, please visit <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.cbreclarion.com&amp;esheet=52425945&amp;newsitemid=20210507005537&amp;lan=en-US&amp;anchor=www.cbreclarion.com&amp;index=1&amp;md5=15404a12a0314b51fdeb3a437e6b9d0c" shape="rect" rel="nofollow">www.cbreclarion.com</a>. </p> <p xmlns="http://www.w3.org/1999/xhtml"> The Fund&#039;s monthly distribution is set by its Board of Trustees. The Board reviews the Fund&#039;s distribution on a quarterly basis in view of its net investment income, realized and unrealized gains, and other net unrealized appreciation or income expected during the remainder of the year. The Fund strives to establish a level monthly distribution that, over the course of the year, will serve to distribute an amount closely approximating the Fund&#039;s net investment income and net realized capital gains during the year. </p> <p xmlns="http://www.w3.org/1999/xhtml"> CBRE Clarion Global Real Estate Income Fund is a closed-end fund, which is traded on the New York Stock Exchange and invests primarily in real estate securities. Holdings are subject to change. Past performance is no guarantee of future results. </p> <p xmlns="http://www.w3.org/1999/xhtml"> For the current fiscal year (January 1, 2021 to May 31, 2021), the Fund has made or declared five (5) regular monthly distributions totaling $0.25 per share. The source of the distribution declared for the current month and fiscal year to date is estimated as follows: </p> <table xmlns="http://www.w3.org/1999/xhtml" cellspacing="0" class="bwblockalignl bwtablemarginb"> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" colspan="11" class="bwvertalignb bwpadl0 bwsinglebottom" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> Estimated Source of Distributions: </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" colspan="3" class="bwvertalignb bwrightsingle bwpadl0 bwsinglebottom" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwsinglebottom" rowspan="1" colspan="1"></td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="7" class="bwvertalignb bwpadl0 bwsinglebottom" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignc bwcellpmargin"> Estimated Allocations </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" colspan="3" class="bwvertalignb bwrightsingle bwpadl0 bwsinglebottom" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> Distribution </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwsinglebottom" rowspan="1" colspan="1"></td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0 bwnowrap bwsinglebottom" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> Net Investment<br /> <br xmlns="http://www.w3.org/1999/xhtml" />Income </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwnowrap bwsinglebottom" rowspan="1" colspan="1"></td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0 bwnowrap bwsinglebottom" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> Net Realized Short-Term<br /> <br xmlns="http://www.w3.org/1999/xhtml" />Capital Gains </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwnowrap bwsinglebottom" rowspan="1" colspan="1"></td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0 bwnowrap bwsinglebottom" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> Net Realized Long-Term<br /> <br xmlns="http://www.w3.org/1999/xhtml" />Capital Gains </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwnowrap bwsinglebottom" rowspan="1" colspan="1"></td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwpadl0 bwnowrap bwsinglebottom" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> Return of<br /> <br xmlns="http://www.w3.org/1999/xhtml" />Capital </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignt bwrightsingle bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> Current </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" rowspan="1" colspan="1"></td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwrightsingle bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> $0.05 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" rowspan="1" colspan="1"></td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignt bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> $0.015 (29%) </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" rowspan="1" colspan="1"></td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignt bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> -- (0%) </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" rowspan="1" colspan="1"></td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignt bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> -- (0%) </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" rowspan="1" colspan="1"></td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignt bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> $0.035 (71%) </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignt bwsinglebottom bwrightsingle bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> YTD </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwsinglebottom" rowspan="1" colspan="1"></td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> $0.25 </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwsinglebottom" rowspan="1" colspan="1"></td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignt bwsinglebottom bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> $0.073 (29%) </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwsinglebottom" rowspan="1" colspan="1"></td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignt bwsinglebottom bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> -- (0%) </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwsinglebottom" rowspan="1" colspan="1"></td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignt bwsinglebottom bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> -- (0%) </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwsinglebottom" rowspan="1" colspan="1"></td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignt bwsinglebottom bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> $0.177 (71%) </p> </td> </tr> </table> <p xmlns="http://www.w3.org/1999/xhtml"> <b xmlns="http://www.w3.org/1999/xhtml">The allocations reported in this notice are only estimates and are not provided for tax reporting purposes. The actual allocations will depend on the Fund&#039;s investment experience during the remainder of its fiscal year and will not be finalized until after year-end. In addition, the allocations reported to shareholders for tax reporting purposes will also reflect adjustments required under applicable tax regulations. Some of these tax adjustments are significant, and amounts reported to you for tax reporting may be substantially different than those presented in this notice. SHAREHOLDERS WILL BE SENT A FORM 1099-DIV FOR THE CALENDAR YEAR INDICATING HOW TO REPORT FUND DISTRIBUTIONS FOR FEDERAL INCOME TAX PURPOSES.</b> </p> <p xmlns="http://www.w3.org/1999/xhtml"> The estimated allocations presented above are based on the Fund&#039;s monthly calculation of its year-to-date net investment income, capital gains and returns of capital. The Fund&#039;s investment income is mainly comprised of distributions received from the real estate investment trusts (REITs) and other companies in which it invests. "Net investment income" refers to the Fund&#039;s investment income offset by its expenditures, which include the fees paid to the investment adviser and other service providers. "Net realized capital gains" represents the aggregation of the capital gains and losses realized by the Fund from its purchase and sale of investment securities during the year-to-date period. Short-term capital gains are those arising from the sale of securities held by the Fund for less than one year. Long-term capital gains are those arising from the sale of securities held by the Fund for a year or more. The amount of net realized capital gains is also offset by capital losses realized in prior years. Adjustments to net investment income are made based on the character of distributions received by the Fund. A portion of the distributions the Fund receives from REITs will be characterized by the REITs as capital gains or returns of capital. Because REITs often reclassify the distributions they make, the Fund does not know the ultimate character of these distributions at the time they are received, so the Fund estimates the character based on historical information. The Fund&#039;s net investment income is reduced by the amounts characterized by the REITs as capital gains and returns of capital. Amounts characterized by the REITs as capital gains are added to the Fund&#039;s net realized capital gains. Amounts characterized by the REITs as return of capital are classified as such by the Fund. </p> <p xmlns="http://www.w3.org/1999/xhtml"> The Fund estimates that it has distributed more than its net investment income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund&#039;s investment performance and should not be confused with "yield" or "income". </p> <p xmlns="http://www.w3.org/1999/xhtml"> <b xmlns="http://www.w3.org/1999/xhtml">Shareholders should not draw any conclusions about the Fund&#039;s investment performance from the amount of this distribution or from the terms of the Fund&#039;s managed distribution policy. The performance and distribution rate information disclosed in the table below is based on the Fund&#039;s net asset value ("NAV"). The Fund&#039;s NAV is calculated as the total market value of all the securities and other assets held by the Fund minus the total value of its liabilities. Performance figures are not meant to represent individual shareholder performance. The value of a shareholder&#039;s investment in the Fund is determined by the market price of the Fund&#039;s shares.</b> </p> <p xmlns="http://www.w3.org/1999/xhtml"> The Fund&#039;s Cumulative Total Return for fiscal year 2021 (January 1, 2021 through April 30, 2021) is set forth below. Shareholders should take note of the relationship between the Cumulative Total Return and the Fund&#039;s Cumulative Distribution Rate for 2021, as well as its Current Annualized Distribution Rate. Moreover, the Fund&#039;s Average Annual Total Return for the preceding five-year period (May 1, 2016 through April 30, 2021) is set forth below. Shareholders should take note of the relationship between the Fund&#039;s Average Annual Total Return and its Average Annual Distribution Rate for the preceding five-year period. </p> <p xmlns="http://www.w3.org/1999/xhtml"> <b xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="bwuline">Fund Performance and Distribution Rate Information:</span></b> </p> <table xmlns="http://www.w3.org/1999/xhtml" cellspacing="0" class="bwblockalignl bwtablemarginb"> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" colspan="5" class="bwvertalignb bwpadl0" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> <b xmlns="http://www.w3.org/1999/xhtml">For the Period 01/01/2021 to 04/30/2021</b> </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignt bwpadl0 bwrowaltcolor1" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwblockalignl bwtablemarginb bwrowaltcolor1" rowspan="1" colspan="1"></td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignt bwpadl0 bwrowaltcolor1" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> Cumulative Total Return<sup xmlns="http://www.w3.org/1999/xhtml">1</sup> </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwblockalignl bwtablemarginb bwrowaltcolor1" rowspan="1" colspan="1"></td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwpadr0 bwvertalignb bwrowaltcolor1" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 15.04% </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignt bwpadl0 bwrowaltcolor1" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwblockalignl bwtablemarginb bwrowaltcolor1" rowspan="1" colspan="1"></td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignt bwpadl0 bwrowaltcolor1" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> Cumulative Distribution Rate<sup xmlns="http://www.w3.org/1999/xhtml">2</sup> </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwblockalignl bwtablemarginb bwrowaltcolor1" rowspan="1" colspan="1"></td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwpadr0 bwvertalignb bwrowaltcolor1" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 2.20% </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" colspan="5" class="bwvertalignb bwpadl0 bwnowrap" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> <b xmlns="http://www.w3.org/1999/xhtml">Preceding Five-Year Period 05/01/2016 to 04/30/2021</b> </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignt bwpadl0 bwrowaltcolor1" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwblockalignl bwtablemarginb bwrowaltcolor1" rowspan="1" colspan="1"></td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignt bwpadl0 bwrowaltcolor1" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> Average Annual Total Return<sup xmlns="http://www.w3.org/1999/xhtml">3</sup> </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwblockalignl bwtablemarginb bwrowaltcolor1" rowspan="1" colspan="1"></td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwpadr0 bwvertalignb bwrowaltcolor1" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignr bwcellpmargin"> 8.68% </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignt bwpadl0 bwrowaltcolor1" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwblockalignl bwtablemarginb bwrowaltcolor1" rowspan="1" colspan="1"></td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignt bwpadl0 bwrowaltcolor1" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" ...</td></tr></table><p><a href=https://www.benzinga.com/pressreleases/21/05/b21017818/cbre-clarion-global-real-estate-income-fund-nyse-igr-declares-monthly-distribution-for-may alt=CBRE Clarion Global Real Estate Income Fund (NYSE: IGR) Declares Monthly Distribution for May>Full story available on Benzinga.com</a></p> CBRE IGR Retail Sales Press Releases Fri, 07 May 2021 19:00:00 +0000 Business Wire 21017818 at https://www.benzinga.com Sweet Partners With Happy Jack To Offer One-Of-A-Kind In-Store NFT Experience https://www.benzinga.com/pressreleases/21/05/n21016184/sweet-partners-with-happy-jack-to-offer-one-of-a-kind-in-store-nft-experience <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">NEW YORK</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">May 7, 2021</span> /PRNewswire/ -- Sweet, the leading enterprise NFT solutions provider, announced an important partnership with Happy Jack Group LLC to launch a series of NFTs focused on Mental Health Awareness. Founded by <span xmlns="http://www.w3.org/1999/xhtml" class="xn-person">Jack Nathan</span> and continued on in his memory by his parents and his sister, the mission of Happy Jack is to help those struggling with mental health and giving back to those in need.</p> <div xmlns="http://www.w3.org/1999/xhtml" class="PRN_ImbeddedAssetReference" id="DivAssetPlaceHolder1"> <p xmlns="http://www.w3.org/1999/xhtml"> <a xmlns="http://www.w3.org/1999/xhtml" href="https://mma.prnewswire.com/media/1505651/Sweet_Happy_Jack___Hap_Man_NFT.html" target="_blank" rel="nofollow" rel="nofollow"><br /> <img xmlns="http://www.w3.org/1999/xhtml" src="https://mma.prnewswire.com/media/1505651/Sweet_Happy_Jack___Hap_Man_NFT.jpg" title="Happy Jack - Hap Man NFT&#xA;Hap Man is here to tell you that normal IS boring! It&#039;s time to take your weird and wonderful self out into the world to be different and to make a difference." alt="Happy Jack - Hap Man NFT&#xA;Hap Man is here to tell you that normal IS boring! It&#039;s time to take your weird and wonderful self out into the world to be different and to make a difference." /><br /> </a> </p> </div> <div xmlns="http://www.w3.org/1999/xhtml" id="divReleaseHighlighte61d" contenteditable="false" style="BORDER-TOP: gray 1px solid; WIDTH: 200px; BORDER-BOTTOM: gray 1px solid; POSITION: relative; FLOAT: left; BORDER-LEFT-COLOR: gray; COLOR: gray; TEXT-ALIGN: justify; MARGIN: 5px 10px; BORDER-RIGHT-COLOR: gray">Sweet joins Happy Jack in raising awareness of the importance of mental health in the month of May using NFTs...</div> <p xmlns="http://www.w3.org/1999/xhtml">Sweet joins Happy Jack in raising awareness of the importance of mental health in the month of May using NFTs as an instrument of social good. This historic moment also marks the first known retail shop that has integrated NFTs into the in-store activation experience. </p> <p xmlns="http://www.w3.org/1999/xhtml">Guests at the Happy Jack Pop-Up Shop, located at 8 Fulton Street, NYC, will be given the first NFT in the special collection by scanning a QR code upon entry. This NFT features a video moment with Jack&#39;s ...</p><p><a href=https://www.benzinga.com/pressreleases/21/05/n21016184/sweet-partners-with-happy-jack-to-offer-one-of-a-kind-in-store-nft-experience alt=Sweet Partners With Happy Jack To Offer One-Of-A-Kind In-Store NFT Experience>Full story available on Benzinga.com</a></p> Retail Sales Press Releases Fri, 07 May 2021 17:06:00 +0000 PRNewswire 21016184 at https://www.benzinga.com Worldwide Light Commercial Vehicle Industry to 2027 - Players Include Ford Motor, Renault and Toyota Motor Among Others - ResearchAndMarkets.com https://www.benzinga.com/pressreleases/21/05/b21015884/worldwide-light-commercial-vehicle-industry-to-2027-players-include-ford-motor-renault-and-toyota- <p xmlns="http://www.w3.org/1999/xhtml"> The <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://www.researchandmarkets.com/reports/5317693/global-light-commercial-vehicle-market-by?utm_source=BW&amp;utm_medium=PressRelease&amp;utm_code=w3pjtl&amp;utm_campaign=1534587+-+Worldwide+Light+Commercial+Vehicle+Industry+to+2027+-+Players+Include+Ford+Motor%2c+Renault+and+Toyota+Motor+Among+Others&amp;utm_exec=jamu273prd" shape="rect" rel="nofollow">&#34;Global Light Commercial Vehicle Market, By Vehicle Type (Passenger Van, Cargo Van, Pickup Truck, Mini Truck &amp; Minibus), By Tonnage Capacity (Below 2.5-3.5 Tons, 3.5-6 Tons), By Fuel Type (Diesel, Petrol, Others), By Region, Competition, Forecast &amp; Opportunities, 2027&#34;</a> report has been added to <strong xmlns="http://www.w3.org/1999/xhtml">ResearchAndMarkets.com&#39;s</strong> offering. </p> <p xmlns="http://www.w3.org/1999/xhtml"> The Global Light Commercial Vehicle Market is expected to grow from 11.83 million units in 2020 to 16.03 million units by 2026 on account of easy availability of vehicle financing schemes, surge in the number of infrastructural projects and booming logistics and E-commerce sector. </p> <p xmlns="http://www.w3.org/1999/xhtml"> Sales of light commercial vehicles worldwide grew from 12.73 million units in 2016 to 13.53 million units in 2019. Due to COVID-19, sales of light commercial vehicle plummeted; however, the market is estimated to bounce back and reach 16.03 million units by 2026. Until 2019, light commercial vehicles accounted for 75% of the global commercial vehicle sales and increased demand for last mile connectivity is forecast the drive the Global Light Commercial Vehicle Market through 2026. </p> <p xmlns="http://www.w3.org/1999/xhtml"> Light commercial vehicles are generally used for the transportation of goods and services. The Global Light Commercial Vehicle Market can be segmented based on vehicle type, tonnage capacity, fuel type and region. On the basis of vehicle type, the market can be classified into passenger van, cargo van, pickup truck, mini truck and minibus. Vans and pickup trucks ...</p><p><a href=https://www.benzinga.com/pressreleases/21/05/b21015884/worldwide-light-commercial-vehicle-industry-to-2027-players-include-ford-motor-renault-and-toyota- alt=Worldwide Light Commercial Vehicle Industry to 2027 - Players Include Ford Motor, Renault and Toyota Motor Among Others - ResearchAndMarkets.com>Full story available on Benzinga.com</a></p> Retail Sales Press Releases Fri, 07 May 2021 16:52:00 +0000 Business Wire 21015884 at https://www.benzinga.com TIAA Ranks 9th on DiversityInc's 2021 Top 50 Companies List https://www.benzinga.com/pressreleases/21/05/n21014171/tiaa-ranks-9th-on-diversityincs-2021-top-50-companies-list <p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="xn-location">NEW YORK</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="xn-chron">May 7, 2021</span> /PRNewswire/ -- TIAA was named #9 on the 2021 DiversityInc Top 50 Companies for Diversity list, holding steady from its #9 rank in 2020. This achievement recognizes TIAA&#39;s longstanding commitment to fostering an inclusive workplace that reflects the diversity of the clients that it serves.  DiversityInc&#39;s highly competitive and rigorous annual survey yields a data driven ranking based on six criteria: talent results in the workforce and management, senior leadership accountability, talent programs, workplace practices, philanthropy and supplier diversity. TIAA was also recognized on &#34;Top Company&#34; specialty lists for Environmental, Social &amp; Governance (ESG), Black Executives, Talent Acquisition for Women of Color, and Executive Diversity Councils. </p> <div xmlns="http://www.w3.org/1999/xhtml" class="PRN_ImbeddedAssetReference" id="DivAssetPlaceHolder1"> <p xmlns="http://www.w3.org/1999/xhtml"> <a xmlns="http://www.w3.org/1999/xhtml" href="https://mma.prnewswire.com/media/1274377/TIAA_Logo.html" target="_blank" rel="nofollow" rel="nofollow"><br /> <img xmlns="http://www.w3.org/1999/xhtml" src="https://mma.prnewswire.com/media/1274377/TIAA_Logo.jpg" title="(PRNewsfoto/TIAA)" alt="(PRNewsfoto/TIAA)" /><br /> </a> </p> </div> <p xmlns="http://www.w3.org/1999/xhtml">&#34;Diversity, Equity &amp; Inclusion is at the core of everything we do, especially when it comes to serving our clients and how we value our associates,&#34; said <span xmlns="http://www.w3.org/1999/xhtml" class="xn-person">Sean Woodroffe</span>, Chief People Officer at TIAA. &#34;This became more important than ever as we navigated through the unprecedented events of the last year. We appreciate that we are at our very best when these core principles are universally adhered.&#34;</p> <p xmlns="http://www.w3.org/1999/xhtml">Following the murder of <span xmlns="http://www.w3.org/1999/xhtml" class="xn-person">George Floyd</span>, TIAA launched Be the Change – a new program created to uplift the firm&#39;s employees and communities through dialogue, education and engagement. Based on four pillars - facilitating change through understanding, dialogue, leadership and action; TIAA launched 10 programmatic and communication-based efforts in the month of June. </p> <p xmlns="http://www.w3.org/1999/xhtml">Despite associates shifting to remote work as a result of COVID-19, TIAA hosted a variety of virtual events to further its mission. More than 1,000 people joined TIAA&#39;s Be the Change Race Against Racism to raise awareness around injustice and inequality. Participants came together to ride ...</p><p><a href=https://www.benzinga.com/pressreleases/21/05/n21014171/tiaa-ranks-9th-on-diversityincs-2021-top-50-companies-list alt=TIAA Ranks 9th on DiversityInc&#039;s 2021 Top 50 Companies List>Full story available on Benzinga.com</a></p> Awards Banking/Financial Services Retail Sales Press Releases Fri, 07 May 2021 15:10:00 +0000 PRNewswire 21014171 at https://www.benzinga.com Former Healthcare Executive, Tory Rohelia Launches Mango Mango Mango https://www.benzinga.com/pressreleases/21/05/r21013477/former-healthcare-executive-tory-rohelia-launches-mango-mango-mango <p>Houston, TX, May 07, 2021 --(<a rel="nofollow" href="https://www.pr.com/" rel="nofollow">PR.com</a>)-- Mango Mango Mango announces the launch of its hair care product line. All products in this hair care line are made with 100% all-natural ingredients and are carefully formulated to protect, moisturize and nourish natural coils without breaking the bank.</p> <p>Why Mango Mango Mango? The product contains powerful nutrients, available naturally in fresh Mangos. Mangos are packed with vitamin A &#38; C; both are essential for scalp and hair health. Mango Mango Mango&#039;s signature formula combines fresh mangos with essential oils and butters to naturally hydrate, moisturize, promote growth, and prevent breakage.</p> <p>&#34;I do not compromise on quality ingredients. I personally use our hair care line. I started out with these simple goals in mind: create a product that was 100% natural, ...</p><p><a href=https://www.benzinga.com/pressreleases/21/05/r21013477/former-healthcare-executive-tory-rohelia-launches-mango-mango-mango alt=Former Healthcare Executive, Tory Rohelia Launches Mango Mango Mango>Full story available on Benzinga.com</a></p> business lifestyle News Entrepreneurship Retail Sales Small Business Press Releases Fri, 07 May 2021 14:36:00 +0000 PR.com 21013477 at https://www.benzinga.com Columbia Seligman Premium Technology Growth Fund Announces Second Quarter Distribution: 9.25% Annual Rate for IPO Investors https://www.benzinga.com/pressreleases/21/05/b21013117/columbia-seligman-premium-technology-growth-fund-announces-second-quarter-distribution-9-25-annual <p xmlns="http://www.w3.org/1999/xhtml"> Today, Columbia Seligman Premium Technology Growth Fund, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STK#NYSE" rel="nofollow">STK</a>) (the Fund) declared a second-quarter distribution, pursuant to its managed distribution policy, in the amount of $0.4625 per share, which is equal to a quarterly rate of 2.3125% (9.25% annualized) of the $20.00 offering price in the Fund&#039;s initial public offering in November 2009. The second-quarter distribution of $0.4625 per share is equal to a quarterly rate of 1.3704% (5.48% annualized) of the Fund&#039;s market price of $33.75 per share as of April 30, 2021. </p> <p xmlns="http://www.w3.org/1999/xhtml"> The distribution will be paid on May 25, 2021 (the Payment Date) to Stockholders of record on May 17, 2021. The ex-dividend date is May 14, 2021. It is anticipated that the Fund will make a subsequent distribution under its managed distribution policy in the month of August. </p> <p xmlns="http://www.w3.org/1999/xhtml"> Prior to the managed distribution policy, the Fund paid distributions pursuant to a level rate distribution policy. Under its former distribution policy and consistent with the Investment Company Act of 1940, as amended, the Fund could not distribute long-term capital gains more often than once in any one taxable year. </p> <p xmlns="http://www.w3.org/1999/xhtml"> In October 2010, the Fund received exemptive relief from the Securities and Exchange Commission that permits the Fund to make periodic distributions of long-term capital gains more often than once in any one taxable year. After consideration by the Fund&#039;s Board, the Fund adopted the current managed distribution policy which allows the Fund to make periodic distributions of long-term capital gains. </p> <p xmlns="http://www.w3.org/1999/xhtml"> The following table sets forth the estimated breakdown of the distribution noted above, on a per share basis, from the following sources: net investment income; net realized short-term capital gains; net realized long-term capital gains; and return of capital or other capital source. </p> <table xmlns="http://www.w3.org/1999/xhtml" cellspacing="0" class="bwtablemarginb bwblockalignl"> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignt bwsinglebottom bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" class="bwvertalignt bwsinglebottom bwpadl0 bwalignc" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignc bwcellpmargin"> <b xmlns="http://www.w3.org/1999/xhtml">Breakdown of Distribution</b> </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwsinglebottom bwpadl2" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> <b xmlns="http://www.w3.org/1999/xhtml">Sources</b> </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwsinglebottom bwpadl0 bwalignc" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignc bwcellpmargin"> <b xmlns="http://www.w3.org/1999/xhtml">%</b> </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwsinglebottom bwpadl0 bwalignc" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignc bwcellpmargin"> <b xmlns="http://www.w3.org/1999/xhtml">US Dollar</b> </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl2" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> Net Investment Income </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwpadr0 bwvertalignb bwalignc" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin bwalignc"> 0.00% </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwpadr0 bwvertalignb bwalignc" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin bwalignc"> $0.0000 </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl2" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> Net Realized Short-Term Capital Gains </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwpadr0 bwvertalignb bwalignc" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin bwalignc"> 27.87% </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwpadr0 bwvertalignb bwalignc" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin bwalignc"> $0.1289 </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl2" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> Net Realized Long-Term Capital Gains </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwpadr0 bwvertalignb bwalignc" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin bwalignc"> 72.13% </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwpadr0 bwvertalignb bwalignc" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin bwalignc"> $0.3336 </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwsinglebottom bwpadl2" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> Return of Capital or other Capital Source </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwalignc" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin bwalignc"> 0.00% </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwsinglebottom bwpadl0 bwpadr0 bwvertalignb bwalignc" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin bwalignc"> $0.0000 </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwsinglebottom bwpadl2" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> Total </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwalignc" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin bwalignc"> 100.00% </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignb bwsinglebottom bwpadl0 bwpadr0 bwalignc" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin bwalignc"> $0.4625 </p> </td> </tr> </table> <p xmlns="http://www.w3.org/1999/xhtml"> The following table sets forth the estimated breakdown, on a per share basis, of <i xmlns="http://www.w3.org/1999/xhtml">all</i> distributions made by the Fund during the year-to-date period ended on the Payment Date (includes the dividend payment noted in the table above) from the following sources: net investment income; net realized short-term capital gains; net realized long-term capital gains; and return of capital or other capital source. </p> <table xmlns="http://www.w3.org/1999/xhtml" cellspacing="0" class="bwtablemarginb bwblockalignl"> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwvertalignt bwsinglebottom bwpadl0" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin">   </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" colspan="2" class="bwvertalignt bwsinglebottom bwpadl0" rowspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignc bwcellpmargin"> <b xmlns="http://www.w3.org/1999/xhtml">Breakdown of All Distributions Paid Through<br /> <br xmlns="http://www.w3.org/1999/xhtml" />Year-To-Date Period Ended on the Payment Date</b> </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwsinglebottom bwpadl2" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> <b xmlns="http://www.w3.org/1999/xhtml">Sources</b> </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwsinglebottom bwpadl0 bwalignc" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignc bwcellpmargin"> <b xmlns="http://www.w3.org/1999/xhtml">%</b> </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwsinglebottom bwpadl0 bwalignc" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwalignc bwcellpmargin"> <b xmlns="http://www.w3.org/1999/xhtml">US Dollar</b> </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl2" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> Net Investment Income </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwpadr0 bwvertalignb bwalignc" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin bwalignc"> 0.00% </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwpadr0 bwvertalignb bwalignc" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin bwalignc"> $0.0000 </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl2" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> Net Realized Short-Term Capital Gains </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwpadr0 bwvertalignb bwalignc" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin bwalignc"> 21.69% </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwpadr0 bwvertalignb bwalignc" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin bwalignc"> $0.2006 </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl2" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> Net Realized Long-Term Capital Gains </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwpadr0 bwvertalignb bwalignc" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin bwalignc"> 78.31% </p> </td> <td xmlns="http://www.w3.org/1999/xhtml" class="bwpadl0 bwpadr0 bwvertalignb bwalignc" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin bwalignc"> $0.7244 </p> </td> </tr> <tr xmlns="http://www.w3.org/1999/xhtml"> <td xmlns="http://www.w3.org/1999/xhtml" class="bwsinglebottom bwpadl2" rowspan="1" colspan="1"> <p xmlns="http://www.w3.org/1999/xhtml" class="bwcellpmargin"> Return of Capital or ...</p></td></tr></table><p><a href=https://www.benzinga.com/pressreleases/21/05/b21013117/columbia-seligman-premium-technology-growth-fund-announces-second-quarter-distribution-9-25-annual alt=Columbia Seligman Premium Technology Growth Fund Announces Second Quarter Distribution: 9.25% Annual Rate for IPO Investors>Full story available on Benzinga.com</a></p> STK Retail Sales Press Releases Fri, 07 May 2021 14:18:00 +0000 Business Wire 21013117 at https://www.benzinga.com