DALLAS, Jan. 24, 2020 /PRNewswire/ -- Ashford Hospitality
Trust, Inc. (NYSE: AHT) ("Ashford Trust" or the "Company") today
announced the tax reporting (Federal Form 1099-DIV) information for
the 2019 distributions on its common shares and its Series D, F, G,
H and I preferred shares.
The income tax treatment for 2019 distributions 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
|
Capital Gain
Distribution
|
Unrecaptured
1250 Gain
|
Return of
Capital
|
Total Cash Per
Share
|
$0.3600000
|
$0.0000000
|
$0.0000000
|
$0.0000000
|
$0.3600000
|
|
|
|
|
|
|
Total Stock per
Share (NYSE:
AINC)
|
$0.0380223
|
$0.0000000
|
$0.0000000
|
$0.0000000
|
$0.0380223
|
|
|
|
|
|
|
Total
Distributions
|
$0.3980223
|
$0.0000000
|
$0.0000000
|
$0.0000000
|
$0.3980223
|
Percent
|
100%
|
0%
|
0 %
|
0%
|
100%
|
The income tax treatment for the 2019 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
|
Capital Gain
Distribution
|
Unrecaptured
1250 Gain
|
Return of
Capital
|
Total Cash Per
Share
|
$2.1124000
|
$0.0000000
|
$0.0000000
|
$0.0000000
|
$2.1124000
|
Percent
|
100%
|
0%
|
0 %
|
0%
|
100%
|
The income tax treatment for the 2019 distributions for Ashford
Hospitality Trust, Inc. Series F Preferred Stock CUSIP #044103604
traded on the NYSE under ticker symbol "AHTPrF" is as follows:
Distribution
Type
|
|
Distributions
Per Share
|
Ordinary
Taxable
Dividend
|
Capital Gain
Distribution
|
Unrecaptured
1250 Gain
|
Return of
Capital
|
Total Cash Per
Share
|
$1.8436000
|
$0.0000000
|
$0.0000000
|
$0.0000000
|
$1.8436000
|
Percent
|
100%
|
0%
|
0 %
|
0%
|
100%
|
The income tax treatment for the 2019 distributions for Ashford
Hospitality Trust, Inc. Series G Preferred Stock CUSIP #044103703
traded on the NYSE under ticker symbol "AHTPrG" is as follows:
Distribution
Type
|
|
Distributions
Per Share
|
Ordinary
Taxable
Dividend
|
Capital Gain
Distribution
|
Unrecaptured
1250 Gain
|
Return of
Capital
|
Total Cash Per
Share
|
$1.8436000
|
$0.0000000
|
$0.0000000
|
$0.0000000
|
$1.8436000
|
Percent
|
100%
|
0%
|
0 %
|
0%
|
100%
|
The income tax treatment for the 2019 distributions for Ashford
Hospitality Trust, Inc. Series H Preferred Stock CUSIP # 044103802
traded on the NYSE under ticker symbol "AHTPrH" is as follows:
Distribution
Type
|
|
Distributions Per
Share
|
Ordinary
Taxable
Dividend
|
Capital
Gain
Distribution
|
Unrecaptured
1250 Gain
|
Return of
Capital
|
Total Cash Per
Share
|
$1.8750000
|
$0.0000000
|
$0.0000000
|
$0.0000000
|
$1.8750000
|
Percent
|
100%
|
0%
|
0 %
|
0%
|
100%
|
The income tax treatment for the 2019 distributions for Ashford
Hospitality Trust, Inc. Series I Preferred Stock CUSIP # 044103885
traded on the NYSE under ticker symbol "AHTPrI" is as follows:
Distribution
Type
|
|
Distributions
Per Share
|
Ordinary
Taxable
Dividend
|
Capital Gain
Distribution
|
Unrecaptured
1250 Gain
|
Return of
Capital
|
Total Cash Per
Share
|
$1.8750000
|
$0.0000000
|
$0.0000000
|
$0.0000000
|
$1.8750000
|
Percent
|
100%
|
0%
|
0 %
|
0%
|
100%
|
The common and preferred distributions that the Company paid on
January 15, 2019 to shareholders of
record as of December 31, 2018 are
reportable in 2019. The common and preferred distributions that the
company paid on January 15, 2020 to
shareholders of record as of December 31,
2019 will be reportable in 2020.
On November 5, 2019 Ashford Trust
distributed its remaining shares of common stock in Ashford, Inc.
(NYSE: AINC) to the common shareholders of record as of the close
of business of the New York Stock Exchange on October 29, 2019 (each an "AHT
Shareholder"). AHT Shareholders were entitled to receive
approximately 0.0017 shares of AINC common stock for every share of
Ashford Trust common stock held as of October 29, 2019. Ashford Trust is
reporting the distribution of AINC 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 AINC
common stock (and cash in lieu of fractional shares of such common
stock) received in the distribution. The fair market value
for federal income tax purposes of AINC common stock was
$22.65 per share based on the closing
price on November 5, 2019.
After the distribution, Ashford Trust no longer has any ownership
interest in AINC.
The above income tax discussion contains a general explanation
of certain U.S. federal income tax consequences of the distribution
of the AINC shares to AHT Shareholders. The information
represents Ashford Trust'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 will post 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 predominantly in upper upscale,
full-service hotels.
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. Forward-looking
statements in this press release include, among others, statements
about the Company's strategy and future plans. 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.