Ashford Hospitality Trust Inc. 8-K Summary
Business Context and Reporting Period
This Form 8-K Current Report was filed by Ashford Hospitality Trust, Inc. on June 15, 2011. The filing serves as a Regulation FD disclosure regarding the declaration of dividends by the Board of Directors for the second quarter ending June 15, 2011 (common stock) and June 30, 2011 (preferred stock).
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The only financial data disclosed relates to dividend declarations:
- Common Stock Dividend: $0.10 per diluted share for the quarter ending June 15, 2011.
- 8.55% Series A Preferred Stock Dividend: $0.5344 per diluted share for the quarter ending June 30, 2011.
- 8.45% Series D Preferred Stock Dividend: $0.5281 per diluted share for the quarter ending June 30, 2011.
- 9.00% Series E Preferred Stock Dividend: $0.45625 per diluted share covering the period from April 18, 2011, to June 30, 2011.
All dividends are payable on July 15, 2011, to shareholders of record on June 30, 2011.
Material Changes
The filing does not disclose material changes to revenue, operating results, or balance sheet items compared to prior periods. The primary event is the routine declaration of quarterly dividends.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, outlook, or discussion of risks and contingencies beyond the standard disclosure of the dividend declaration.
Investor Verification Checklist
- Verify the record date of June 30, 2011, for eligibility to receive the declared dividends.
- Confirm the payment date of July 15, 2011, for all declared dividends.
- Note that the Series E dividend amount ($0.45625) covers a partial period starting from the initial funding date of April 18, 2011.
- Review the attached press release (Exhibit 99.1) for any additional context not included in the 8-K text.