DALLAS, June 28, 2021 /PRNewswire/ -- Ashford Inc. (NYSE
American: AINC) ("Ashford" or the "Company") today announced that
the Company will be added to the Russell Microcap® Index, as part
of the Russell Indexes annual reconstitution. The addition
will be effective after the U.S. market opens on June 28, 2021.
Membership in the Russell Microcap® Index, which remains in
place for one year, means automatic inclusion in the appropriate
growth and value style indexes. FTSE Russell determines membership
for its Russell indexes primarily by objective,
market-capitalization rankings and style attributes.
"We are pleased to be included as part of the Russell Microcap®
Index," commented Jeremy J. Welter,
Ashford's President and Chief Operating Officer. "We believe our
addition, as the only publicly-traded asset manager and service
provider in the Hospitality Industry, will expose Ashford to a
wider range of institutions and investors, allowing us to
potentially broaden our shareholder base and increase our stock's
liquidity."
Russell indexes are widely used by investment managers and
institutional investors for index funds and as benchmarks for
active investment strategies. Approximately $10.6 trillion in assets are benchmarked against
Russell's U.S. indexes. Russell indexes are part of FTSE Russell, a
leading global index provider.
Ashford provides global asset management, investment management
and related services to the real estate and hospitality
sectors.
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 Inc.'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: the impact of COVID-19, and the rate of adoption and
efficacy of vaccines to prevent COVID-19, on our business and
investment strategy; our ability to continue as a going concern;
the timing and outcome of the Securities and Exchange Commission's
investigation; our ability to regain compliance with NYSE American
LLC continued listing standards; our ability to regain Form S-3
eligibility; 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; 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 the Company'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 this risk 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.
This overview is for informational purposes only and is not
an offer to sell, or a solicitation of an offer to buy or sell, any
securities of Ashford Inc., or any of its respective affiliates,
and may not be relied upon in connection with the purchase or sale
of any such security, and the information contained herein does not
form part of any prospectus of Ashford Inc. that may be used to
offer or sell securities.
Prior to investing in Ashford, potential investors should
carefully review Ashford's periodic filings with the Securities and
Exchange Commission, including, but not limited to, Ashford's most
current Form 10-K, Form 10-Q and Form 8-K's, including the risk
factors included therein.
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SOURCE Ashford Inc.