Ashford Hospitality Trust Inc | 7.375% Series F Cumulative Preferred Stock (AHT.PRF)
Prospectus excerpt: We will pay cumulative dividends on the Series F Preferred Stock in the amount of $1.84375 per share each year, which is equivalent to 7.375% of the $25.00 liquidation preference per share. Dividends on the Series F Preferred Stock are payable quarterly in arrears on the 15th day of January, April, July and October of each year (or, if not on a business day, on the next succeeding business day). The first dividend on the Series F Preferred Stock sold in this offering will be paid on October 17, 2016 and will be in the amount of $0.39948 per share.
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.