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EX-99.1 - Apple REIT Seven, Inc.c62416_ex99-1.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 


FORM 8-K

 


CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 29, 2010

 


APPLE REIT SEVEN, INC.

(Exact name of registrant as specified in its charter)

 


 

 

 

 

 

 

Virginia

 

000-52585

 

20-2879175

(State or other jurisdiction

of incorporation)

 

(Commission File Number)

 

(I.R.S. Employer

Identification Number)

 

 

 

 

814 East Main Street, Richmond, VA

 

23219

(Address of principal executive offices)

 

(Zip Code)

(804) 344-8121

(Registrant’s telephone number, including area code)

 


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

o

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 



 

 

 



 

 

Apple REIT Seven, Inc. (which is referred to below as the “Company”) is filing this report in accordance with Item 8.01 and Item 9.01
of Form 8-K.

Item 8.01. Other Events.

On July 29, 2010, the Board of Directors of the Company approved the amendment of the Company’s unit redemption program to change the number of units that may be redeemed under the unit redemption program. Specifically, during any 12-month period, the Company will not redeem in excess of 5% of the weighted average number of units outstanding during the 12-month period immediately prior to the date of redemption

The entire revised unit redemption program description is attached hereto as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

 

(d)

Exhibits.

 

 

99.1

Apple REIT Seven, Inc. Revised Unit Redemption Program.

 

 

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

     
 

Apple REIT Seven, Inc.

     
 

 

 

 

By:

/s/ Glade M. Knight

 

 

Glade M. Knight, President

 

 

 

 

 

August 3, 2010

 

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