Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Thu, August 11, 1:59 PM
This Slide: #286 of 582 |
Slide #286. Ashford Hospitality Trust, Inc. — Preferred Stock Offering
Company:
Ashford Hospitality Trust, Inc. (NYSE:AHT)
Date announced:
7/6/2016
Shares Offered:
4,800,000
Date of Pricing:
7/6/2016
Price Per Share:
$25.00
Preferred Stock Offering Details:
Ashford Hospitality Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") announced today that it has priced its underwritten public offering of 4,800,000 shares of 7.375% Series F Cumulative Preferred Stock (the "Preferred Stock") at $25.00 per share. Dividends on the Preferred Stock will accrue at a rate of 7.375% per annum on the liquidation preference of $25.00 per share. Settlement of the offering is expected to occur on or about July 13, 2016.
Ashford Hospitality Trust together is an externally-advised real estate investment trust focused on investing in hotels in U.S. Co. owns its lodging investments and conducts its business through Ashford Hospitality Limited Partnership, its operating partnership. Co. is advised by its subsidiary, Ashford Hospitality Advisors LLC (Ashford LLC), through an advisory agreement. All of the hotel properties in Co.'s portfolio are asset-managed by Ashford LLC. Co.'s hotel properties are primarily branded under the brands of Marriott, Hilton, Hyatt and Intercontinental Hotel Group.
Preferreds: AHT.PRA, AHT.PRD, AHT.PRE, AHT.PRF, AHT.PRG, AHT.PRH, AHT.PRI

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