Ashford Hospitality Trust Declares Preferred Dividends for First Quarter
March 16 2009 - 4:29PM
PR Newswire (US)
DALLAS, March 16 /PRNewswire-FirstCall/ -- Ashford Hospitality
Trust, Inc. (NYSE:AHT) today announced the Board of Directors has
declared a quarterly cash dividend of $0.5344 per diluted share for
the Company's 8.55% Series A Cumulative Preferred Stock for the
first quarter ending March 31, 2009. The dividend, which equates to
an annual rate of $2.1375 per share, is payable on April 15, 2009,
to shareholders of record as of March 31, 2009. The Board also has
declared a quarterly cash dividend of $0.14 per diluted share for
the Company's Series B Cumulative Preferred Stock for the first
quarter ending March 31, 2009. The dividend, which equates to an
annual rate of $0.56 per share, is payable on April 15, 2009, to
shareholders of record as of March 31, 2009. 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
first quarter ending March 31, 2009. The dividend, which equates to
an annual rate of $2.1125 per share, is payable on April 15, 2009,
to shareholders of record as of March 31, 2009. 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 http://www.ahtreit.com/. DATASOURCE: Ashford
Hospitality Trust, Inc. CONTACT: Douglas Kessler, President,
+1-972-490-9600; or Tripp Sullivan, Corporate Communications, Inc.,
+1-615-254-3376 Web Site: http://www.ahtreit.com/
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