SEC Filing Summary: Ashford Hospitality Trust, Inc. (8-K)
Business Context and Reporting Period
This Form 8-K Current Report, dated October 7, 2024, discloses the declaration of dividends by the Board of Directors of Ashford Hospitality Trust, Inc. The filing pertains to quarterly dividends for several series of cumulative preferred stock for the fourth quarter ending December 31, 2024, and monthly dividends for Series J and Series K redeemable preferred stock.
Key Financial Metrics and Dividend Declarations
The filing details specific dividend amounts per diluted share for various preferred stock series. No revenue, profit, cash flow, or debt metrics are provided in this specific filing.
- Series D (8.45%): $0.5281 per share (Q4 2024).
- Series F (7.375%): $0.4609 per share (Q4 2024).
- Series G (7.375%): $0.4609 per share (Q4 2024).
- Series H (7.50%): $0.46875 per share (Q4 2024).
- Series I (7.50%): $0.46875 per share (Q4 2024).
- Series J (Redeemable): $0.16667 per share (Monthly payments Nov 2024, Dec 2024, Jan 2025).
- Series K (Redeemable):
- CUSIP 04410D867: $0.17500 per share (Monthly).
- CUSIPs 04410D792, 04410D727, 04410D651, 04410D578: $0.17292 per share (Monthly).
- Remaining CUSIPs: $0.17083 per share (Monthly).
Outstanding Shares (as of September 30, 2024):
- Series J: 6,158,835 shares.
- Series K: 526,708 shares.
Material Changes
This filing does not report material changes to financial performance, debt levels, or liquidity compared to prior periods. It solely announces the scheduled declaration of dividends.
Guidance, Outlook, and Risks
The filing contains no management guidance, outlook, or discussion of risks and contingencies. It is a regulatory disclosure of dividend declarations under Regulation FD.
Investor Verification Checklist
- Verify the record dates for each preferred stock series to ensure eligibility for the declared dividends.
- Confirm the payment dates: January 15, 2025, for quarterly dividends; November 15, December 16, and January 15, 2025, for monthly dividends.
- Review the attached Press Release (Exhibit 99.1) for any additional context not included in the 8-K text.
- Note that the filing explicitly states the information is not "filed" for purposes of Section 18 of the Exchange Act.