Business Context and Reporting Period
Company: Ashford Hospitality Trust, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: October 7, 2022
Subject: Regulation FD Disclosure regarding the declaration of dividends for various series of preferred stock.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on dividend declarations for the fourth quarter ending December 31, 2022.
| Stock Series | Dividend Rate (Quarterly) | Payable Date | Record Date |
|---|---|---|---|
| Series D (8.45%) | $0.5281 per share | January 17, 2023 | December 30, 2022 |
| Series F (7.375%) | $0.4609 per share | January 17, 2023 | December 30, 2022 |
| Series G (7.375%) | $0.4609 per share | January 17, 2023 | December 30, 2022 |
| Series H (7.50%) | $0.46875 per share | January 17, 2023 | December 30, 2022 |
| Series I (7.50%) | $0.46875 per share | January 17, 2023 | December 30, 2022 |
| Series J | $0.50 per share (paid monthly) | Nov 15, Dec 15, Jan 17 | Oct 31, Nov 30, Dec 30 |
| Series K | $0.5125 per share (paid monthly) | Nov 15, Dec 15, Jan 17 | Oct 31, Nov 30, Dec 30 |
Note: The filing text lists the payable date for Series D through I as "January 17, 2022," which is inconsistent with the report date of October 2022. Context implies the intended year is 2023.
Material Changes
The filing does not provide comparative financial data or discuss material changes in operations versus prior periods. It solely announces the board's decision to declare dividends.
Guidance, Outlook, and Risks
Management Commentary: The filing incorporates a press release (Exhibit 99.1) but does not contain specific management commentary, forward-looking guidance, or risk factors within the text provided.
Unusual Items: None reported in this filing.
Investor Verification Checklist
- Verify the corrected payable year for Series D through I dividends (likely 2023, not 2022 as printed in the text).
- Confirm the total number of outstanding shares for each preferred series to calculate total cash outflow.
- Review the attached Press Release (Exhibit 99.1) for any additional context regarding the company's liquidity position supporting these payments.
- Check subsequent filings for confirmation of dividend payment execution.