Attached files
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8-K - FORM 8-K - ASHFORD HOSPITALITY TRUST INC | d84727e8vk.htm |
Exhibit 99.1
Contact:
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David Kimichik Chief Financial Officer (972) 490-9600 |
Andrea Welch Investor Relations (972) 778-9487 |
Scott Eckstein Financial Relations Board (212) 827-3766 |
ASHFORD HOSPITALITY TRUST DECLARES DIVIDENDS
FOR THIRD QUARTER OF 2011
FOR THIRD QUARTER OF 2011
DALLAS, Sept. 15, 2011 Ashford Hospitality Trust, Inc. (NYSE: AHT) today announced that its
Board of Directors declared a quarterly cash dividend of $0.10 per diluted share for the Companys
common stock for the third quarter ending September 30, 2011. The dividend, which equates to an
annual rate of $0.40 per share, is payable on October 17, 2011, to shareholders of record as of
September 30, 2011.
The Board declared a quarterly cash dividend of $0.5344 per diluted share for the Companys 8.55%
Series A Cumulative Preferred Stock for the third quarter ending September 30, 2011. The dividend,
which equates to an annual rate of $2.1375 per share, is payable on October 17, 2011, to
shareholders of record as of September 30, 2011.
The Board declared a quarterly cash dividend of $0.5281 per diluted share for the Companys 8.45%
Series D Cumulative Preferred Stock for the third quarter ending September 30, 2011. The dividend,
which equates to an annual rate of $2.1125 per share, is payable on October 17, 2011, to
shareholders of record as of September 30, 2011.
The Board declared a quarterly cash dividend of $0.5625 per diluted share for the Companys 9.00%
Series E Cumulative Preferred Stock for the third quarter ending September 30, 2011. The dividend,
which equates to an annual rate of $2.25 per share, is payable on October 17, 2011, to shareholders
of record as of September 30, 2011.
Ashford 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. Additional information
can be found on the Companys website at www.ahtreit.com.
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 forward-looking statements include, but are not limited to, the
timing for closing, the impact of the transaction on our business and future financial condition,
our business and investment strategy, our understanding of our competition and current market
trends and opportunities and projected capital expenditures. Such statements are subject to
numerous assumptions and uncertainties, many of which are outside Ashfords 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 Ashfords 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.
-END-