DALLAS, Jan. 13,
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 first
quarter ending March 31, 2025. The
dividend is payable on April 15,
2025, to stockholders of record as of March 31, 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 first quarter
ending March 31, 2025. The dividend
is payable on April 15, 2025, to
stockholders of record as of March 31,
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 first quarter
ending March 31, 2025. The dividend
is payable on April 15, 2025, to
stockholders of record as of March 31,
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 first quarter
ending March 31, 2025. The dividend
is payable on April 15, 2025, to
stockholders of record as of March 31,
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 first quarter
ending March 31, 2025. The dividend
is payable on April 15, 2025, to
stockholders of record as of March 31,
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
February 18, 2025 to stockholders of
record as of January 31, 2025;
$0.16667 per share will be paid on
March 17, 2025 to stockholders of
record as of February 28, 2025; and
$0.16667 per share will be paid on
April 15, 2025 to stockholders of
record as of March 31, 2025.
The Board declared a monthly cash dividend for CUSIPs 04410D867
and 04410D792 of the Company's Series K Redeemable Preferred Stock
payable as follows: $0.17500 per
share will be paid on February 18,
2025 to stockholders of record as of January 31, 2025; $0.17500 per share will be paid on March 17, 2025 to stockholders of record as of
February 28, 2025; and $0.17500 per share will be paid on April 15, 2025 to stockholders of record as of
March 31, 2025.
The Board declared a monthly cash dividend for CUSIPs 04410D727,
04410D651, 04410D578, and 04410D511 of the Company's Series K
Redeemable Preferred Stock payable as follows: $0.17292 per share will be paid on February 18, 2025 to stockholders of record as of
January 31, 2025; $0.17292 per share will be paid on March 17, 2025 to stockholders of record as of
February 28, 2025; and $0.17292 per share will be paid on April 15, 2025 to stockholders of record as of
March 31, 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 February 18, 2025 to
stockholders of record as of January 31,
2025; $0.17083 per share will
be paid on March 17, 2025 to
stockholders of record as of February 28,
2025; and $0.17083 per share
will be paid on April 15, 2025 to
stockholders of record as of March 31,
2025.
As of December 31, 2024, there
were 6,799,638 shares of the Company's Series J Redeemable
Preferred Stock and 601,175 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 federal
securities regulations. Forward-looking statements are generally
identifiable by use of forward-looking terminology such as "may,"
"will," "should," "potential," "intend," "expect," "anticipate,"
"estimate," "approximately," "believe," "could," "project,"
"predict," or other similar words or expressions. Additionally,
statements regarding the following subjects are forward-looking by
their nature: our business and investment strategy; anticipated or
expected purchases, sales or dispositions of assets; our projected
operating results; completion of any pending transactions; our plan
to pay off strategic financing; our ability to restructure existing
property-level indebtedness; our ability to secure additional
financing to enable us to operate our business; our understanding
of our competition; projected capital expenditures; and the impact
of technology on our operations and business. 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 this risk
when you make an investment decision concerning our securities.
These and other risk factors are more fully discussed in the
Company's filings with the SEC.
The forward-looking statements included in this press release
are only made as of the date of this press release. Investors
should not place undue reliance on these forward-looking
statements. 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.
