trending Market Intelligence /marketintelligence/en/news-insights/trending/KBTU1UbKSFEB44vILxPv7Q2 content esgSubNav
In This List

Ashford Hospitality Trust to redeem preferred stock

Blog

Insights Weekly: Midstream sector gains; loan growth momentum; insurance M&A on the rise

Blog

Post-webinar Q&A: Global Credit Risk Trends 2021 and Beyond

Blog

Shore Capital is Now Available in S&P Global’s Aftermarket Research Collection

Video

S&P Capital IQ Pro | Powered by Advanced Visualization


Ashford Hospitality Trust to redeem preferred stock

AshfordHospitality Trust Inc. plans to redeem all of its issued andoutstanding shares of 9.00% series E cumulative preferred stock, the companysaid.

The redemption is conditioned upon the closing of thecompany's offering ofseries F preferred stock.

The shares are to be redeemed on Aug. 8 at a price of $25.00per share, plus accrued and unpaid dividends to, but not including, theredemption date, in an amount equal to 23.125 cents per share, for a totalredemption price of $25.23125 per share.

The redemption price will be payable in cash, withoutinterest, as soon as practicable after the redemption date. Dividends on thestock will cease to accrue on the day prior to the redemption date, and tradingin the stock on the NYSE will end after the redemption date.