DALLAS, July 11,
2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc.
(NYSE: AHT) ("Ashford Trust" or the "Company") announced today that
its Board of Directors (the "Board") declared a dividend of
$0.5281 per diluted share for the
Company's 8.45% Series D Cumulative Preferred Stock for the third
quarter ending September 30, 2024.
The dividend is payable on October 15,
2024, to stockholders of record as of September 30, 2024.
The Board declared a dividend of $0.4609 per diluted share for the Company's
7.375% Series F Cumulative Preferred Stock for the third quarter
ending September 30, 2024. The
dividend is payable on October 15,
2024, to stockholders of record as of September 30, 2024.
The Board declared a dividend of $0.4609 per diluted share for the Company's
7.375% Series G Cumulative Preferred Stock for the third quarter
ending September 30, 2024. The
dividend is payable on October 15,
2024, to stockholders of record as of September 30, 2024.
The Board declared a dividend of $0.46875 per diluted share for the Company's
7.50% Series H Cumulative Preferred Stock for the third quarter
ending September 30, 2024. The
dividend is payable on October 15,
2024, to stockholders of record as of September 30, 2024.
The Board declared a dividend of $0.46875 per diluted share for the Company's
7.50% Series I Cumulative Preferred Stock for the third quarter
ending September 30, 2024. The
dividend is payable on October 15,
2024, to stockholders of record as of September 30, 2024.
The Board declared a monthly cash dividend for all CUSIPS of the
Company's Series J Redeemable Preferred Stock payable as follows:
$0.16667 per share will be paid on
August 15, 2024 to stockholders of
record as of July 31, 2024;
$0.16667 per share will be paid on
September 16, 2024 to stockholders of
record as of August 30, 2024; and
$0.16667 per share will be paid on
October 15, 2024 to stockholders of
record as of September 30, 2024.
The Board declared a monthly cash dividend for CUSIPs 04410D867,
04410D792, 04410D727 and 04410D651 of the Company's Series K
Redeemable Preferred Stock payable as follows: $0.17292 per share will be paid on August 15, 2024 to stockholders of record as of
July 31, 2024; $0.17292 per share will be paid on September 16, 2024 to stockholders of record as
of August 30, 2024; and $0.17292 per share will be paid on October 15, 2024 to stockholders of record as of
September 30, 2024.
The Board declared a monthly cash dividend for all remaining
CUSIPs of the Company's Series K Redeemable Preferred Stock payable
as follows: $0.17083 per share will
be paid on August 15, 2024 to
stockholders of record as of July 31,
2024; $0.17083 per share will
be paid on September 16, 2024 to
stockholders of record as of August 30,
2024; and $0.17083 per share
will be paid on October 15, 2024 to
stockholders of record as of September 30,
2024.
As of June 30, 2024, there were
5,206,397 shares of the Company's Series J Redeemable Preferred
Stock and 357,933 shares of the Company's Series K Redeemable
Preferred Stock issued and outstanding.
Ashford Hospitality Trust is a real estate investment trust
(REIT) focused on investing predominantly in upper upscale,
full-service hotels.
Forward-Looking Statements
Certain statements and assumptions in this press release
contain or are based upon "forward-looking" information and are
being made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements in this press release include, among others, statements
about the Company's strategy and future plans. These
forward-looking statements are subject to risks and uncertainties.
When we use the words "will likely result," "may," "anticipate,"
"estimate," "should," "expect," "believe," "intend," or similar
expressions, we intend to identify forward-looking statements. Such
statements are subject to numerous assumptions and uncertainties,
many of which are outside Ashford Trust's control.
These forward-looking statements are subject to known and
unknown risks and uncertainties, which could cause actual results
to differ materially from those anticipated, including, without
limitation: our ability to repay, refinance, or restructure our
debt and the debt of certain of our subsidiaries; anticipated or
expected purchases or sales of assets; our projected operating
results; completion of any pending transactions; risks associated
with our ability to effectuate our dividend policy, including
factors such as operating results and the economic outlook
influencing our board's decision whether to pay further dividends
at levels previously disclosed or to use available cash to pay
dividends; our understanding of our competition; market trends;
projected capital expenditures; the impact of technology on our
operations and business; general volatility of the capital markets
and the market price of our common stock and preferred stock;
availability, terms and deployment of capital; availability of
qualified personnel; changes in our industry and the markets in
which we operate, interest rates or the general economy; and the
degree and nature of our competition. These and other risk factors
are more fully discussed in Ashford Trust's filings with the
Securities and Exchange Commission.
The forward-looking statements included in this press release
are only made as of the date of this press release. Such
forward-looking statements are based on our beliefs, assumptions,
and expectations of our future performance taking into account all
information currently known to us. These beliefs, assumptions, and
expectations can change as a result of many potential events or
factors, not all of which are known to us. If a change occurs, our
business, financial condition, liquidity, results of operations,
plans, and other objectives may vary materially from those
expressed in our forward-looking statements. You should carefully
consider these risks when you make an investment decision
concerning our securities. Investors should not place undue
reliance on these forward-looking statements. The Company can give
no assurance that these forward-looking statements will be attained
or that any deviation will not occur. We are not obligated to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or circumstances,
changes in expectations, or otherwise, except to the extent
required by law.
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SOURCE Ashford Hospitality Trust, Inc.
