Ashford Hospitality Trust Declares Fourth Quarter Preferred Dividends
December 22 2008 - 4:09PM
Business Wire
Ashford Hospitality Trust, Inc. (NYSE: AHT) today announced the
Board of Directors has declared its preferred stock dividends for
the fourth quarter ending December 31, 2008. The Board declared a
quarterly cash dividend of $0.5344 per diluted share for the
Company's 8.55% Series A Cumulative Preferred Stock for the fourth
quarter ending December 31, 2008. The dividend, which equates to an
annual rate of $2.1375 per share, is payable on January 15, 2009,
to shareholders of record as of December 31, 2008. The Board also
has declared a quarterly cash dividend of $0.5281 per diluted share
for the Company's 8.45% Series D Cumulative Preferred Stock for the
fourth quarter ending December 31, 2008. The dividend, which
equates to an annual rate of $2.1125 per share, is payable on
January 15, 2009, to shareholders of record as of December 31,
2008. The Board has not made any determination for the common stock
dividend for the fourth quarter ending December 31, 2008, or its
dividend policy for 2009, which are expected to be announced as
soon as a determination has been made. Ashford Hospitality Trust is
a self-administered real estate investment trust focused on
investing in the hospitality industry across all segments and at
all levels of the capital structure, including direct hotel
investments, first mortgages, mezzanine loans, and sale-leaseback
transactions. Additional information can be found on the Company's
web site at www.ahtreit.com.
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