DALLAS, Nov. 23, 2021 /PRNewswire/ -- Ashford
Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the
"Company") announced today that its Board of Directors declared
cash dividends on the Company's Series D, Series F, Series G,
Series H, and Series I cumulative preferred stock reflecting
accrued and unpaid dividends for the quarters ending June 30, 2020, September
30, 2020, December 31, 2020,
March 31, 2021, June 30, 2021, and September 30, 2021. The Company will pay a
cash dividend of $3.1686 per Series D
preferred share, $2.7654 per Series F
preferred share, $2.7654 per Series G
preferred share, $2.8125 per Series H
preferred share, and $2.8125 per
Series I preferred share. These preferred share dividends are
payable December 10, 2021 to holders
of record as of December 1, 2021.
The Board declared a dividend of $0.5281 per diluted share for the Company's 8.45%
Series D Cumulative Preferred Stock for the fourth quarter ending
December 31, 2021. The dividend,
which equates to an annual rate of $2.1125 per share, is payable on January 14, 2022, to shareholders of record as of
December 31, 2021.
The Board declared a dividend of $0.4609 per diluted share for the Company's
7.375% Series F Cumulative Preferred Stock for the fourth quarter
ending December 31, 2021. The
dividend, which equates to an annual rate of $1.8438 per share, is payable on January 14, 2022, to shareholders of record as of
December 31, 2021.
The Board declared a dividend of $0.4609 per diluted share for the Company's
7.375% Series G Cumulative Preferred Stock for the fourth quarter
ending December 31, 2021. The
dividend, which equates to an annual rate of $1.8438 per share, is payable on January 14, 2022, to shareholders of record as of
December 31, 2021.
The Board declared a dividend of $0.46875 per diluted share for the Company's
7.50% Series H Cumulative Preferred Stock for the fourth quarter
ending December 31, 2021. The
dividend, which equates to an annual rate of $1.875 per share, is payable on January 14, 2022, to shareholders of record as of
December 31, 2021.
The Board declared a dividend of $0.46875 per diluted share for the Company's
7.50% Series I Cumulative Preferred Stock for the fourth quarter
ending December 31, 2021. The
dividend, which equates to an annual rate of $1.875 per share, is payable on January 14, 2022, to shareholders of record as of
December 31, 2021.
Ashford Hospitality Trust is a real estate investment trust
(REIT) focused on investing predominantly in upper upscale,
full-service hotels.
Follow CEO Rob Hays on Twitter at
https://twitter.com/aht_rob or @aht_rob.
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: the impact of COVID-19, and the rate of adoption and
efficacy of vaccines to prevent COVID-19, on our business and
investment strategy; the timing and outcome of the Securities and
Exchange Commission's investigation; our ability to regain 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 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.