Business Context and Reporting Period
Company: Ashford Hospitality Trust, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: July 11, 2023
Subject: Declaration of dividends for various series of preferred stock for the third quarter ending September 30, 2023.
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 for preferred stock.
| Stock Series | Dividend Rate (Quarterly) | Payable Date | Record Date |
|---|---|---|---|
| Series D (8.45%) | $0.5281 per share | October 16, 2023 | September 29, 2023 |
| Series F (7.375%) | $0.4609 per share | October 16, 2023 | September 29, 2023 |
| Series G (7.375%) | $0.4609 per share | October 16, 2023 | September 29, 2023 |
| Series H (7.50%) | $0.46875 per share | October 16, 2023 | September 29, 2023 |
| Series I (7.50%) | $0.46875 per share | October 16, 2023 | September 29, 2023 |
| Series J (Redeemable) | $0.50 per share (paid monthly) | Aug 15, Sep 15, Oct 16, 2023 | Jul 31, Aug 31, Sep 29, 2023 |
| Series K (Redeemable) | $0.5125 per share (paid monthly) | Aug 15, Sep 15, Oct 16, 2023 | Jul 31, Aug 31, Sep 29, 2023 |
Outstanding Shares (as of June 30, 2023):
- Series J: 1,574,714 shares
- Series K: 71,719 shares
Material Changes
The filing does not provide comparative financial data or discuss material changes in operating performance versus prior periods. The primary event is the routine declaration of dividends.
Guidance, Outlook, and Risks
Management Commentary: The filing contains no forward-looking guidance, outlook, or management commentary regarding future operations or financial performance.
Risks and Contingencies: No specific risks or contingencies are disclosed in this document. The filing 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 for each preferred stock series to ensure eligibility for the declared dividends.
- Confirm the total cash outflow required for the Series J and Series K monthly dividend payments based on the outstanding share counts provided.
- Review the attached Press Release (Exhibit 99.1) for any additional context not included in the 8-K text.
- Check subsequent filings for confirmation of dividend payment execution on the scheduled dates.