Business Context and Reporting Period
Company: Ashford Hospitality Trust, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: January 8, 2024
Reporting Period: The filing announces dividend declarations for the first quarter ending March 31, 2024, and monthly payments for redeemable preferred stock series.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, debt, or liquidity metrics. It focuses exclusively on dividend declarations and outstanding share counts as of December 31, 2023.
- Series J Redeemable Preferred Stock Outstanding: 3,475,318 shares (as of Dec 31, 2023).
- Series K Redeemable Preferred Stock Outstanding: 194,193 shares (as of Dec 31, 2023).
Material Changes and Dividend Declarations
The Board of Directors declared the following dividends for the first quarter ending March 31, 2024:
- Series D (8.45%): $0.5281 per diluted share. Payable April 15, 2024; Record date March 28, 2024.
- Series F (7.375%): $0.4609 per diluted share. Payable April 15, 2024; Record date March 28, 2024.
- Series G (7.375%): $0.4609 per diluted share. Payable April 15, 2024; Record date March 28, 2024.
- Series H (7.50%): $0.46875 per diluted share. Payable April 15, 2024; Record date March 28, 2024.
- Series I (7.50%): $0.46875 per diluted share. Payable April 15, 2024; Record date March 28, 2024.
- Series J (Redeemable): Quarterly rate of $0.50 per share, paid monthly.
- Feb 15, 2024: $0.16667 (Record: Jan 31, 2024).
- Mar 15, 2024: $0.16667 (Record: Feb 29, 2024).
- Apr 15, 2024: $0.16667 (Record: Mar 28, 2024).
- Series K (Redeemable) - Specific CUSIPs: Quarterly rate of $0.51875 per share, paid monthly.
- Feb 15, 2024: $0.17292 (Record: Jan 31, 2024).
- Mar 15, 2024: $0.17292 (Record: Feb 29, 2024).
- Apr 15, 2024: $0.17292 (Record: Mar 28, 2024).
- Series K (Redeemable) - Remaining CUSIPs: Quarterly rate of $0.51250 per share, paid monthly.
- Feb 15, 2024: $0.17083 (Record: Jan 31, 2024).
- Mar 15, 2024: $0.17083 (Record: Feb 29, 2024).
- Apr 15, 2024: $0.17083 (Record: Mar 28, 2024).
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, risk factors, or discussion of unusual items. It is a regulatory disclosure of dividend declarations pursuant to Regulation FD.
Investor Verification Checklist
- Verify the record dates for each preferred stock series to ensure eligibility for the upcoming payments.
- Confirm the specific CUSIPs held to determine the correct dividend rate for Series K Redeemable Preferred Stock ($0.51875 vs. $0.51250 quarterly rate).
- Review the attached Press Release (Exhibit 99.1) for any additional context not included in the 8-K text.
- Note that this filing does not provide updated financial performance data; refer to the most recent 10-Q or 10-K for revenue and liquidity metrics.