ASHFORD HOSPITALITY PRIME, INC. (NYSE:AHP-B) Files An 8-K Regulation FD DisclosureITEM 7.01 REGULATION FD DISCLOSURE.
On December 11, 2017, Ashford Hospitality Prime, Inc. (the “Company”) issued a press release announcing that its Board of Directors:
a) declared a common stock dividend for the fourth quarter ending December 31, 2017, of $0.16 per diluted share, payable January 16, 2017, for shareholders of record as of December 29, 2017; and
b) declared a dividend for the fourth quarter ending December 31, 2017, of $0.3438 per diluted share, for the Company’s 5.5% Series B Cumulative Convertible Preferred Stock. This dividend is payable January 16, 2017, for shareholders of record as of December 29, 2017.
The Board of Directors also approved the Company's dividend policy for 2018. The Company expects to pay a quarterly cash dividend of $0.16 per share in 2018, but will continue to review its dividend policy on a quarter-to-quarter basis. The adoption of a dividend policy does not commit the Board of Directors to declare future dividends or the amount thereof.
A copy of the press release is attached hereto as Exhibit99.1 and is incorporated herein by reference.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits
Exhibit
Number Exhibit Description
Ashford Hospitality Prime, Inc. ExhibitEX-99.1 2 ahpq42017dividendpr.htm EXHIBIT 99.1 Exhibit EXHIBIT 99.1NEWS RELEASEContact:Deric EubanksJordan JenningsJoseph Calabrese Chief Financial OfficerInvestor RelationsFinancial Relations Board (972) 490-9600(972) 778-9487(212) 827-3772Ashford Prime Declares Dividends For Fourth Quarter Of 2017 And Issues Guidance For 2018 DividendsDALLAS,…To view the full exhibit click here