DALLAS, Jan. 29, 2016 /PRNewswire/ -- Ashford
Hospitality Trust, Inc. (NYSE: AHT) today announced the tax
reporting (Federal Form 1099-DIV) information for the 2015
distributions on its common shares and its Series A, D, and E
preferred shares.
The income tax treatment for 2015 for Ashford Hospitality Trust,
Inc. Common Stock CUSIP #044103109 traded on the NYSE under ticker
symbol "AHT" is as follows:
Distribution
Type
|
|
Distributions Per
Share
|
Ordinary Taxable
Dividend
|
Total Capital Gain
Distribution
|
Return of
Capital
|
Total Cash Per
Share
|
$0.4800
|
$0
|
$0
|
$0.4800
|
Total Stock Per Share
(NYSE:AHP)
|
$0.6099
|
$0
|
$0
|
$0.6099
|
Total
Distributions
|
$1.0899
|
$0
|
$0
|
$1.0899
|
Percent
|
100%
|
0%
|
0%
|
100%
|
The income tax treatment for the 2015 distributions for Ashford
Hospitality Trust, Inc. Series A Preferred Stock CUSIP #044103208
traded on the NYSE under ticker symbol "AHTPrA" is as follows:
Distribution
Type
|
|
Distributions Per
Share
|
Ordinary Taxable
Dividend
|
Total Capital Gain
Distribution
|
Return of
Capital
|
Total Cash Per
Share
|
$2.1375
|
$0
|
$1.8277
|
$0.3098
|
Percent
|
100%
|
0%
|
85.5086%
|
14.4914%
|
The income tax treatment for the 2015 distributions for Ashford
Hospitality Trust, Inc. Series D Preferred Stock CUSIP #044103406
traded on the NYSE under ticker symbol "AHTPrD" is as follows:
Distribution
Type
|
|
Distributions Per
Share
|
Ordinary Taxable
Dividend
|
Total Capital Gain
Distribution
|
Return of
Capital
|
Total Per
Share
|
$2.1125
|
$0
|
$1.8064
|
$0.3061
|
Percent
|
100%
|
0%
|
85.5086%
|
14.4914%
|
The income tax treatment for the 2015 distributions for Ashford
Hospitality Trust, Inc. Series E Preferred Stock CUSIP #044103505
traded on the NYSE under ticker symbol "AHTPrE" is as follows:
Distribution
Type
|
|
Distributions Per
Share
|
Ordinary Taxable
Dividend
|
Total Capital Gain
Distribution
|
Return of
Capital
|
Total Per
Share
|
$2.2500
|
$0
|
$1.9239
|
$0.3261
|
Percent
|
100%
|
0%
|
85.5086%
|
14.4914%
|
The common and preferred distributions that the
Company paid on January 15, 2015 to
shareholders of record as of December 31,
2014 are reportable in 2015. The common and preferred
distributions that the company paid on January 15, 2016 to shareholders of record as of
December 31, 2015 will be reportable
in 2016.
On July 27, 2015, AHT distributed
its remaining shares of common stock in Ashford Hospitality Prime,
Inc. (NYSE: AHP) to the common shareholders of record as of the
close of business of the New York Stock Exchange on July 20, 2015 (each an "AHT Shareholder"). AHT
Shareholders were entitled to receive approximately 0.04 shares of
AHP common stock for every share of AHT common stock held as of
July 20, 2015. AHT is reporting the
distribution of AHP common stock as a return of capital dividend
for U.S. federal income tax purposes. AHT Shareholders are treated
as receiving a return of capital dividend upon this distribution
equal to the fair market value of the AHP common stock (and cash in
lieu of fractional shares of such common stock) received in the
distribution and will take an adjusted basis, for federal income
tax purposes, in such shares equal to the fair market value of such
shares based on the market price on the date of the distribution.
The fair market value for federal income tax purposes of AHP common
stock based on the closing price on July 27,
2015, was $14.90 per
share. After the distribution, AHT no longer had any
ownership interest in AHP.
The above income tax discussion contains a general explanation
of certain U.S. federal income tax consequences of the distribution
of AHP shares to AHT Shareholders. This information represents
AHT's general understanding of the application of certain existing
U.S. federal income tax laws and regulations relating to the
distribution. It does not constitute tax advice and does not
purport to be complete. Shareholders are urged to consult their tax
advisors regarding the particular consequences of the distribution,
including the applicability and effect of all U.S. federal, state
and local, and foreign tax laws.
In accordance with IRS Code Section 6045B, the Company has
posted 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 portion of the preferred and common share
distributions. The Company encourages shareholders 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 opportunistically in the hospitality
industry in upper upscale, full-service hotels.
Follow Chairman and CEO Monty
Bennett on Twitter
at www.twitter.com/MBennettAshford or
@MBennettAshford.
Ashford has created an Ashford App for the hospitality REIT
investor community. The Ashford App is available for free
download at Apple's App Store and
the Google Play Store by searching "Ashford."
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. 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: general volatility of the capital markets and the
market price of our common stock; changes in our business or
investment strategy; availability, terms and deployment of capital;
availability of qualified personnel; changes in our industry and
the market 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. Investors
should not place undue reliance on these forward-looking
statements. 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.
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SOURCE Ashford Hospitality Trust, Inc.