Levi & Korsinsky notifies investors that it has commenced an investigation into Service Properties Trust (NASDAQ: SVC) concerning potential violations of the federal securities laws.
On October 16, 2024, SVC announced a quarterly dividend of $0.01 per share, representing a 95% decrease from its prior dividend of $0.20 per share. SVC also announced plans to sell roughly half of its hotel properties in order to boost its liquidity and pay down debt. Following this news, SVC's stock price fell over 16% the same day.
If you suffered a loss on your Service Properties Trust securities and would like to explore a potential recovery under the federal securities laws, submit to us or contact Joseph E. Levi, Esq. via email at [email protected] or call 212-363-7500 to speak to our team of experienced shareholder advocates.
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