Business Context and Reporting Period
Company: Ashford Hospitality Trust, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: October 10, 2023
Context: The filing discloses the declaration of dividends for various series of preferred stock and common stock for the fourth quarter ending December 31, 2023, and monthly dividends for specific 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 share counts.
| Security Series | Dividend Rate (Quarterly) | Payment Dates | Record Dates |
|---|---|---|---|
| Series D (8.45%) | $0.5281 per share | January 16, 2024 | December 29, 2023 |
| Series F (7.375%) | $0.4609 per share | January 16, 2024 | December 29, 2023 |
| Series G (7.375%) | $0.4609 per share | January 16, 2024 | December 29, 2023 |
| Series H (7.50%) | $0.46875 per share | January 16, 2024 | December 29, 2023 |
| Series I (7.50%) | $0.46875 per share | January 16, 2024 | December 29, 2023 |
| Series J (Redeemable) | $0.50 per share (Quarterly Rate) | Nov 15, Dec 15, Jan 16 | Oct 31, Nov 30, Dec 29 |
| Series K (CUSIP 04410D867) | $0.51875 per share (Quarterly Rate) | Nov 15, Dec 15, Jan 16 | Oct 31, Nov 30, Dec 29 |
| Series K (Other CUSIPs) | $0.51250 per share (Quarterly Rate) | Nov 15, Dec 15, Jan 16 | Oct 31, Nov 30, Dec 29 |
Outstanding Shares (as of September 30, 2023):
- Series J Redeemable Preferred Stock: 2,628,792 shares
- Series K Redeemable Preferred Stock: 154,233 shares
Material Changes
The filing does not provide comparative financial data or discuss material changes in operations versus prior periods. The primary event is the routine declaration of dividends.
Guidance, Outlook, and Risks
Management Commentary: The filing references a press release (Exhibit 99.1) but contains no forward-looking guidance, outlook, or management discussion regarding future performance within the text provided.
Risks and Contingencies: No specific risks or contingencies are detailed in this 8-K filing. The document notes that the information is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934.
Investor Verification Checklist
- Verify the record dates (October 31, November 30, and December 29, 2023) to ensure eligibility for the monthly preferred dividends.
- Confirm the payment dates for Series J and Series K preferred stock, which are split across November, December, and January.
- Review the attached Press Release (Exhibit 99.1) for any additional context regarding the dividend declaration not included in the 8-K text.
- Check the total number of outstanding shares for Series J and K to calculate total dividend obligations if needed.