ASHFORD HOSPITALITY TRUST, INC. (NYSE:AHT) Files An 8-K Regulation FD DisclosureITEM 7.01 REGULATION FD DISCLOSURE.
On December 10, 2018, Ashford Hospitality Trust, 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, 2018, of $0.12 per diluted share, payable January 15, 2019, to shareholders of record as of December 31, 2018;
b) declared a dividend for the fourth quarter ending December 31, 2018, of $0.5281 per diluted share, for the Company’s 8.45% SeriesD Cumulative Preferred Stock. This dividend is payable January 15, 2019, to shareholders of record as of December 31, 2018;
c) declared a dividend for the fourth quarter ending December 31, 2018, of $0.4609 per diluted share, for the Company’s 7.375% SeriesF Cumulative Preferred Stock. This dividend is payable January 15, 2019, to shareholders of record as of December 31, 2018;
d) declared a dividend for the fourth quarter ending December 31, 2018, of $0.4609 per diluted share, for the Company’s 7.375% SeriesG Cumulative Preferred Stock. This dividend is payable January 15, 2019, to shareholders of record as of December 31, 2018;
e) declared a dividend for the fourth quarter ending December 31, 2018, of $0.46875 per diluted share, for the Company’s 7.50% SeriesH Cumulative Preferred Stock. This dividend is payable January 15, 2019, to shareholders of record as of December 31, 2018; and
f) declared a dividend for the fourth quarter ending December 31, 2018, of $0.46875 per diluted share, for the Company’s 7.50% SeriesI Cumulative Preferred Stock. This dividend is payable January 15, 2019, to shareholders of record as of December 31, 2018.
The Board also approved the Company's dividend policy for 2019. The Company expects to pay a quarterly cash dividend of $0.12 per share for 2019, or $0.48 per share on an annualized basis. The Board 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 TRUST INC ExhibitEX-99.1 2 aht2018q4dividendspr.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 TRUST DECLARES DIVIDENDS FOR FOURTH QUARTER OF 2018 AND ISSUES GUIDANCE FOR 2019 DIVIDENDSDALLAS,…To view the full exhibit click here
About ASHFORD HOSPITALITY TRUST, INC. (NYSE:AHT)
Ashford Hospitality Trust, Inc. (Ashford), together with its subsidiaries, is an externally advised real estate investment trust (REIT). The Company operates through direct hotel investments segment. It is focused on investing in the hospitality industry with a focus on full-service upscale and upper-upscale hotels in the United States. The Company owns its lodging investments and conducts its business through Ashford Hospitality Limited Partnership, its operating partnership. Its hotels are operated under the brands of Hilton, Hyatt, Marriott, Starwood and Intercontinental Hotels Group. The Company’s hotels portfolio is asset-managed by Ashford LLC. The Company is focused on direct hotel investments and it may invest in a range of lodging-related assets. Its investments may include direct hotel investments; mezzanine financing through origination or acquisition; first-lien mortgage financing through origination or acquisition, and sale-leaseback transactions.