Business Services Industry
Golf Trust of America Inc. Announces Third Quarter Dividend
Business Wire, Sept 15, 1998
CHARLESTON, S.C.--(BUSINESS WIRE)--Sept. 15, 1998--Golf Trust of America, Inc. (AMEX:GTA), today announced that its Board approved its quarterly dividend of $.44 per common share, payable on October 15, 1998 to shareholders of record on September 30, 1998.
The Company's initial annual dividend was increased to $1.76 per common share on May 18, 1998.
Golf Trust of America, Inc. is a self-administered real estate investment trust involved in the acquisition and ownership of high-quality golf courses in the United States. The Company currently owns an interest in 38 courses.
To receive Golf Trust of America's latest news and other corporate developments please visit GTA's web site at http://www.golftrust.com.
Certain matters discussed in this press release may constitute forward-looking statements within the meaning of the federal securities laws. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors including general economic conditions, competition for golf course acquisitions, the availability of equity and debt financing, interest rates and other risk factors as outlined in the Company's SEC reports, including the prospectus dated November 4, 1997 and the annual report on Form 10-K dated March 31, 1998.
CONTACT: Golf Trust of America Inc., Charleston
W. Bradley Blair, II or Scott D. Peters, 843/723-4653
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