Business Context and Reporting Period
Company: Ashford Hospitality Trust, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: April 5, 2023
Subject: Declaration of dividends for various series of preferred stock for the second quarter ending June 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) | Payment Date(s) | Record Date(s) |
|---|---|---|---|
| Series D (8.45%) | $0.5281 per share | July 17, 2023 | June 30, 2023 |
| Series F (7.375%) | $0.4609 per share | July 17, 2023 | June 30, 2023 |
| Series G (7.375%) | $0.4609 per share | July 17, 2023 | June 30, 2023 |
| Series H (7.50%) | $0.46875 per share | July 17, 2023 | June 30, 2023 |
| Series I (7.50%) | $0.46875 per share | July 17, 2023 | June 30, 2023 |
| Series J (Redeemable) | $0.50 per share (paid monthly) | May 15, June 15, July 17, 2023 | April 28, May 31, June 30, 2023 |
| Series K (Redeemable) | $0.5125 per share (paid monthly) | May 15, June 15, July 17, 2023 | April 28, May 31, June 30, 2023 |
Outstanding Shares (as of March 31, 2023):
- Series J: 501,864 shares
- Series K: 34,250 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 quarterly and monthly dividends.
Guidance, Outlook, and Risks
Management Commentary: The filing contains no forward-looking guidance, outlook, or management commentary regarding future business 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 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 payments on the scheduled dates.