|
Ashford Hospitality Trust, 8.45% Series D Cumulative Preferred Stock
Ticker Symbol: AHT-D CUSIP: 044103406 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 $0.5281 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. 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.
Approximately 30% of the Preferred Stock (38,388,760 shares) participated in the Exchange Offers, broken out as follows:
Approximately 24% of the Series D Preferred Stock (575,382 shares) participated in the Exchange Offer for the Series D Preferred Stock. 1,814,011 shares of Series D Preferred Stock remain outstanding;
Approximately 37% of the Series F Preferred Stock (1,754,738 shares) participated in the Exchange Offer for the Series F Preferred Stock. 3,045,262 shares of Series F Preferred Stock remain outstanding;
Approximately 27% of the Series G Preferred Stock (1,662,813 shares) participated in the Exchange Offer for the Series G Preferred Stock. 4,537,187 shares of Series G Preferred Stock remain outstanding;
Approximately 27% of the Series H Preferred Stock (1,029,026 shares) participated in the Exchange Offer for the Series H Preferred Stock. 2,770,974 shares of Series H Preferred Stock remain outstanding; and
Approximately 34% of the Series I Preferred Stock (1,857,747 shares) participated in the Exchange Offer for the Series I Preferred Stock. 3,542,253 shares of Series I Preferred Stock remain outstanding.
Each holder of Preferred Stock who tendered their shares into the Exchange Offers received 5.58 shares of newly issued Common Stock for each share of Preferred Stock.
|
|
QUANTUMONLINE.COM SECURITY DESCRIPTION: Ashford Hospitality Trust, Inc., 8.45% Series D Cumulative Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 7/18/2012 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Distributions of 8.45% ($2.1125) per annum are paid quarterly on 1/15, 4/15, 7/15 & 10/15 to holders of record on the record date of 12/31, 3/31, 6/30 & 9/30 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. In the event that the shares are no longer listed on the NYSE, the AMEX or the Nasdaq exchanges and are also not subject to SEC reporting requirements, the dividend rate will be increased to 9.45% per annum and the security may be redeemed anytime at the company's option. In regards to payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds 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.
|
Go to Parent Company's Record (AHT)
IPO - 7/12/2007 - 8.00 Million Shares @ $25.00 /share.
Link to IPO Prospectus
Market Value $ Million
|
Company's Online Information Links
|
| 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
|
972-778-9487
|
Toll Free Phone Number |
Unknown |
| CEO - J. Robison Hays, III |
CFO - Deric S. Eubanks |
Find a problem? Please use our Feedback Page or Email us.
Have you filled out our Guestbook? If not, please do.
|
|
