DALLAS, April 10,
2025 /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 second
quarter ending June 30, 2025. The
dividend is payable on July 15, 2025,
to stockholders of record as of June 30,
2025.
The Board declared a dividend of $0.4609 per diluted share for the Company's
7.375% Series F Cumulative Preferred Stock for the second quarter
ending June 30, 2025. The
dividend is payable on July 15, 2025,
to stockholders of record as of June 30,
2025.
The Board declared a dividend of $0.4609 per diluted share for the Company's
7.375% Series G Cumulative Preferred Stock for the second quarter
ending June 30, 2025. The
dividend is payable on July 15, 2025,
to stockholders of record as of June 30,
2025.
The Board declared a dividend of $0.46875 per diluted share for the Company's
7.50% Series H Cumulative Preferred Stock for the second quarter
ending June 30, 2025. The
dividend is payable on July 15, 2025,
to stockholders of record as of June 30,
2025.
The Board declared a dividend of $0.46875 per diluted share for the Company's
7.50% Series I Cumulative Preferred Stock for the second quarter
ending June 30, 2025. The dividend is
payable on July 15, 2025, to
stockholders of record as of June 30,
2025.
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
May 15, 2025 to stockholders of
record as of April 30, 2025;
$0.16667 per share will be paid on
June 16, 2025 to stockholders of
record as of May 30, 2025; and
$0.16667 per share will be paid on
July 15, 2025 to stockholders of
record as of June 30, 2025.
The Board declared a monthly cash dividend for CUSIPs 04410D867,
04410D792 and 04410D727 of the Company's Series K Redeemable
Preferred Stock payable as follows: $0.17500 per share will be paid on May 15, 2025 to stockholders of record as of
April 30, 2025; $0.17500 per share will be paid on June 16, 2025 to stockholders of record as of
May 30, 2025; and $0.17500 per share will be paid on July 15, 2025 to stockholders of record as of
June 30, 2025.
The Board declared a monthly cash dividend for CUSIPs 04410D651,
04410D578, 04410D511 and 04410D438 of the Company's Series K
Redeemable Preferred Stock payable as follows: $0.17292 per share will be paid on May 15, 2025 to stockholders of record as of
April 30, 2025; $0.17292 per share will be paid on June 16, 2025 to stockholders of record as of
May 30, 2025; and $0.17292 per share will be paid on July 15, 2025 to stockholders of record as of
June 30, 2025.
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 May 15, 2025 to
stockholders of record as of April 30,
2025; $0.17083 per share will
be paid on June 16, 2025 to
stockholders of record as of May 30,
2025; and $0.17083 per share
will be paid on July 15, 2025 to
stockholders of record as of June 30,
2025.
As of March 31, 2025, there were
7,677,717 shares of the Company's Series J Redeemable Preferred
Stock and 759,086 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, sales or dispositions 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.
