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Ashford Hospitality Trust, 7.50% Series I Cumulative Preferred Stock
Ticker Symbol: AHT-I CUSIP: 044103885 Exchange: NYSE
Nov. 23, 2021 -- 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 $0.46875 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. Nov. 25, 2020 -- Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today announced the closing of its previously commenced offers to exchange (each an "Exchange Offer" and collectively the "Exchange Offers") any and all shares of the Company's 8.45% Series D Cumulative Preferred Stock, par value $0.01 per share (the "Series D Preferred Stock"), 7.375% Series F Cumulative Preferred Stock, par value $0.01 per share (the "Series F Preferred Stock"), 7.375% Series G Cumulative Preferred Stock, par value $0.01 per share (the "Series G Preferred Stock"), 7.50% Series H Cumulative Preferred Stock, par value $0.01 per share (the "Series H Preferred Stock") and 7.50% Series I Cumulative Preferred Stock, par value $0.01 per share (the "Series I Preferred Stock", and together with the Series D Preferred Stock, the Series F Preferred Stock, the Series G Preferred Stock and the Series H Preferred Stock, the "Preferred Stock") for newly issued shares of the Company's common stock, par value $0.01 (the "Common Stock"). As previously announced, the Exchange Offers expired at 5:00 p.m., New York City time, on November 20, 2020.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Ashford Hospitality Trust, Inc., 7.50% Series I Cumulative Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 11/17/2022 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions of 7.50% per annum ($1.875 per annum or $0.46875 per quarter) will be paid quarterly on 1/15, 4/15, 7/15 & 10/15 to holders of record on the record date that will be 3/31, 6/30, 9/30 & 12/31 respectively (NOTE: the ex-dividend date is one business day prior to the record date). Dividends paid by preferreds issued by REITs are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. Upon the occurrence of a change of control the company will have the option within 120 days to redeem the preferred shares at $25 per share plus accrued and unpaid dividends. If the company has exercised their redemption right, the holders will NOT have the following conversion right. Upon the occurrence of a change of control, and the company has NOT provided notice that they intend to redeem the preferred shares, the holder will have the right to convert the preferred shares into common shares under certain circumstances (see the prospectus for details). This security was not rated by Moody’s or S&P at the time of its IPO. In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (AHT)
IPO - 11/8/2017 - 5.40 Million Shares @ $25.00 /share.
Link to IPO Prospectus
Previous Ticker Symbol: ASHFP Changed: 11/22/2017
Market Value $88.5 Million
Company's Online Information Links
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Company's Online SEC EDGAR Filings |
Company's Email Address Links |
Address and Phone Numbers |
Address: 14185 Dallas Parkway, Suite 1100, Dallas, TX 75254 |
Main Phone Number |
972-490-9600 |
Fax Number |
972-980-2705 |
Investor Relations
Jordan Jennings
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972-778-9487
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Toll Free Phone Number |
Unknown |
CEO - J. Robison Hays, III |
CFO - Deric S. Eubanks |
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