Full-Cycle (Date): Shareholders received cash or listed stock for all common shares of the previously non-traded investment program as of the given date.
In-Process: The investment program has commenced liquidation of its investment portfolio, has announced a merger or sale that has not yet been consummated, or has yet to provide common shareholders with full liquidity for their shares with cash and/or listed stock.
SRP/Tender: Share repurchase or tender program which permits shareholders to sell their shares back to the company, subject to limitations. The frequency, price, and limitations vary by investment program.
Suspended: The investment program has suspended its share repurchase or tender program.
None: The investment program does not have an intermittent liquidity program, but shareholders will receive liquidity upon termination or liquidity event at the end of the investment term.
The estimated value of the proposed merger of Apple REIT Ten with Apple Hospitality to take place in the 3rd Quarter of 2016, based upon the opening share price for Apple Hospitality shares on June 30, 2016, was $10.73. What was the book value of Apple REIT Ten shareholder equity per share on March 31, 2016?
