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Forward Management discloses 11.52% stake in Ashford Hospitality Prime

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Forward Management discloses 11.52% stake in Ashford Hospitality Prime

Forward ManagementLLC disclosed ownership of an 11.52% stake in Ashford Hospitality Prime Inc.'s outstanding common stock.

The firm has sole voting power over the total 3,674,280 sharescomprising that position, and Forward Select Income Fund has sole voting power over3,386,368 of those shares, representing a 10.62% stake.

Ashford Hospitality Prime recently registered for the resale of certain of its preferred andcommon shares on behalf of a group of selling stockholders, which comprised certainfunds distributed by Forward Securities LLC, including Forward Select Income. ForwardSecurities is a broker/dealer affiliate of Forward Management.