DALLAS, Jan. 25,
2024 /PRNewswire/ -- Ashford Hospitality Trust, Inc.
(NYSE: AHT) ("Ashford Trust" or the "Company") today announced the
tax reporting (Federal Form 1099-DIV) information for the 2023
distributions on its Series D, F, G, H, I, J and K preferred
shares.
The amounts below represent the income tax treatment applicable
to each distribution that is reportable in 2023. The preferred
distributions that the Company paid on January 17, 2023 to stockholders of record as of
December 30, 2022 are reportable in
2023. The preferred distributions that the Company paid on
January 16, 2024 to stockholders of
record as of December 29, 2023 will
be reportable in 2024.
The income tax treatment for the 2023 distributions for Ashford
Hospitality Trust, Inc. Series D Cumulative Preferred Stock CUSIP
#044103406 traded on the NYSE under ticker symbol "AHTPrD" is as
follows:
Distribution
Type
|
|
Distributions
Per Share
|
Ordinary
Taxable
Dividend
|
Section 199A
Dividend
|
Capital Gain
Distribution
|
Return of
Capital
|
Total Cash Per
Share
|
$2.1125000
|
$0.0000000
|
$0.0000000
|
$0.0000000
|
$2.1125000
|
Percent
|
100 %
|
0 %
|
0 %
|
0 %
|
100 %
|
The income tax treatment for the 2023 distributions for Ashford
Hospitality Trust, Inc. Series F Cumulative Preferred Stock CUSIP
#044103604 traded on the NYSE under ticker symbol "AHTPrF" is as
follows:
Distribution
Type
|
|
Distributions
Per Share
|
Ordinary
Taxable
Dividend
|
Section 199A
Dividend
|
Capital Gain
Distribution
|
Return of
Capital
|
Total Cash Per
Share
|
$1.8438000
|
$0.0000000
|
$0.0000000
|
$0.0000000
|
$1.8438000
|
Percent
|
100 %
|
0 %
|
0 %
|
0 %
|
100 %
|
The income tax treatment for the 2023 distributions for Ashford
Hospitality Trust, Inc. Series G Cumulative Preferred Stock CUSIP
#044103703 traded on the NYSE under ticker symbol "AHTPrG" is as
follows:
Distribution
Type
|
|
Distributions
Per Share
|
Ordinary
Taxable
Dividend
|
Section 199A
Dividend
|
Capital Gain
Distribution
|
Return of
Capital
|
Total Cash Per
Share
|
$1.8438000
|
$0.0000000
|
$0.0000000
|
$0.0000000
|
$1.8438000
|
Percent
|
100 %
|
0 %
|
0 %
|
0 %
|
100 %
|
The income tax treatment for the 2023 distributions for Ashford
Hospitality Trust, Inc. Series H Cumulative Preferred Stock CUSIP
#044103802 traded on the NYSE under ticker symbol "AHTPrH" is as
follows:
Distribution
Type
|
|
Distributions
Per Share
|
Ordinary
Taxable
Dividend
|
Section 199A
Dividend
|
Capital Gain
Distribution
|
Return of
Capital
|
Total Cash Per
Share
|
$1.8750000
|
$0.0000000
|
$0.0000000
|
$0.0000000
|
$1.8750000
|
Percent
|
100 %
|
0 %
|
0 %
|
0 %
|
100 %
|
The income tax treatment for the 2023 distributions for Ashford
Hospitality Trust, Inc. Series I Cumulative Preferred Stock CUSIP
#044103885 traded on the NYSE under ticker symbol "AHTPrI" is as
follows:
Distribution
Type
|
|
Distributions
Per Share
|
Ordinary
Taxable
Dividend
|
Section 199A
Dividend
|
Capital Gain
Distribution
|
Return of
Capital
|
Total Cash Per
Share
|
$1.8750000
|
$0.0000000
|
$0.0000000
|
$0.0000000
|
$1.8750000
|
Percent
|
100 %
|
0 %
|
0 %
|
0 %
|
100 %
|
The income tax treatment for the 2023 distributions for Ashford
Hospitality Trust, Inc. Series J Preferred Stock (CUSIPs
#04410A863, 04410A798, 04410A723, 04410A657 and 04410A574) is as
follows:
Distribution
Type
|
|
Distributions
Per Share
|
Ordinary
Taxable
Dividend
|
Section 199A
Dividend
|
Capital Gain
Distribution
|
Return of
Capital
|
Total Cash Per
Share
|
$1.9997600
|
$0.0000000
|
$0.0000000
|
$0.0000000
|
$1.9997600
|
Percent
|
100 %
|
0 %
|
0 %
|
0 %
|
100 %
|
Distributions Per Share reflects the annual rate per share for
distributions reportable in 2023.
The income tax treatment for the 2023 distributions for Ashford
Hospitality Trust, Inc. Series K Preferred Stock (CUSIP #04410D867)
is as follows:
Distribution
Type
|
|
Distributions
Per Share
|
Ordinary
Taxable
Dividend
|
Section 199A
Dividend
|
Capital Gain
Distribution
|
Return of
Capital
|
Total Cash Per
Share
|
$2.0540200
|
$0.0000000
|
$0.0000000
|
$0.0000000
|
$2.0540200
|
Percent
|
100 %
|
0 %
|
0 %
|
0 %
|
100 %
|
The income tax treatment for the 2023 distributions for Ashford
Hospitality Trust, Inc. Series K Preferred Stock (CUSIPs
#04410D792, 04410D727, 04410D651, and 04410D578) is as follows:
Distribution
Type
|
|
Distributions
Per Share
|
Ordinary
Taxable
Dividend
|
Section 199A
Dividend
|
Capital Gain
Distribution
|
Return of
Capital
|
Total Cash Per
Share
|
$1.8790400
|
$0.0000000
|
$0.0000000
|
$0.0000000
|
$1.8790400
|
Percent
|
100 %
|
0 %
|
0 %
|
0 %
|
100 %
|
Distributions Per Share reflects the annual rate per share for
distributions reportable in 2023.
In accordance with IRS Code Section 6045B, the Company will post Form 8937, Report of
Organizational Actions Affecting Basis of Securities, which may be
found in the Corporate Actions section of the Company's website.
This form provides detailed information on the return of capital
amount of the preferred share distributions.
The Company encourages stockholders to consult with their own
tax advisors with respect to the federal, state and local, and
foreign income tax effects of these dividends.
Ashford Hospitality Trust is a real estate investment trust
(REIT) focused on investing predominantly in upper upscale,
full-service hotels.
Forward-Looking Statements
Certain statements and assumptions in this press release
contain or are based upon "forward-looking" information and are
being made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements in this press release include, among others, statements
about the Company's strategy and future plans. These
forward-looking statements are subject to risks and uncertainties.
When we use the words "will likely result," "may," "anticipate,"
"estimate," "should," "expect," "believe," "intend," or similar
expressions, we intend to identify forward-looking statements. Such
statements are subject to numerous assumptions and uncertainties,
many of which are outside Ashford Trust's control.
These forward-looking statements are subject to known and
unknown risks and uncertainties, which could cause actual results
to differ materially from those anticipated, including, without
limitation: our ability to repay, refinance, or restructure our
debt and the debt of certain of our subsidiaries; anticipated or
expected purchases or sales of assets; our projected operating
results; completion of any pending transactions; our understanding
of our competition; market trends; projected capital expenditures;
the impact of technology on our operations and business; general
volatility of the capital markets and the market price of our
common stock and preferred stock; availability, terms and
deployment of capital; availability of qualified personnel; changes
in our industry and the markets in which we operate, interest rates
or the general economy; and the degree and nature of our
competition. These and other risk factors are more fully discussed
in Ashford Trust's filings with the Securities and Exchange
Commission.
The forward-looking statements included in this press release
are only made as of the date of this press release. Such
forward-looking statements are based on our beliefs, assumptions,
and expectations of our future performance taking into account all
information currently known to us. These beliefs, assumptions, and
expectations can change as a result of many potential events or
factors, not all of which are known to us. If a change occurs, our
business, financial condition, liquidity, results of operations,
plans, and other objectives may vary materially from those
expressed in our forward-looking statements. You should carefully
consider these risks when you make an investment decision
concerning our securities. Investors should not place undue
reliance on these forward-looking statements. The Company can give
no assurance that these forward-looking statements will be attained
or that any deviation will not occur. We are not obligated to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events or circumstances,
changes in expectations, or otherwise, except to the extent
required by law.
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SOURCE Ashford Hospitality Trust, Inc.