---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-006692"
form_type: "8-K"
ticker: "AHT"
cik: "0001232582"
company_name: "ASHFORD HOSPITALITY TRUST INC"
filed_at: "2025-01-28T23:59:59+00:00"
generated_at: "2026-05-27T08:02:40.414533+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Ashford Hospitality Trust files to issue up to 16M shares of new Series L and M preferred stock

## Summary
- Series L preferred stock cumulative dividend at 7.5% of $25 stated value ($1.875/share annual); Series M at initial 7.7% ($1.925) increasing 0.10% annually to max 8.2%.
- Company offering up to 12M shares primary (8.4M Series L, 3.6M Series M) and up to 4M shares via dividend reinvestment plan at $25/share.
- Preferred stock ranks senior to common, on parity with existing preferred series, and junior to all debt.
- After two years, company or holders can redeem at 100% of stated value plus accrued dividends; payment may be in cash or common stock.
- Dealer manager is affiliate Ashford Securities LLC on reasonable best efforts basis; registration statement not yet effective.

## SEC filing metadata
- accession: 0001104659-25-006692
- form_type: 8-K
- ticker: AHT
- cik: 0001232582
- company_name: ASHFORD HOSPITALITY TRUST INC
- filed_at: 2025-01-28T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 3.03, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1232582/000110465925006692/0001104659-25-006692-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1232582/000110465925006692/tm254691d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-006692
- JSON: https://secwatch.observer/filing/0001104659-25-006692.json
- Plain text: https://secwatch.observer/filing/0001104659-25-006692.txt

## Key facts
- Governance Changes
  ASHFORD HOSPITALITY TRUST INC: Reclassification of 5,000,000 unissued shares of common stock as unclassified and undesignated shares of preferred stock (effective 2025-01-22).
  - Change: charter amendment
  - Effective: 2025-01-22
  source text: On January 22, 2025, the Company filed with the State Department of Assessments and Taxation of the State of Maryland (“SDAT”) articles supplementary to the Company’s charter (as amended, the “Charter”) that reclassified and designated 5,000,000 unissued shares of common stock, par value $0.01 per share, of the Company as unclassified and undesignated shares of preferred stock, par value $0.01 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1232582/000110465925006692/0001104659-25-006692-index.htm
- Governance Changes
  ASHFORD HOSPITALITY TRUST INC: Classified and designated 16,000,000 shares of preferred stock as Series L and Series M Preferred Stock (effective 2025-01-22).
  - Change: charter amendment
  - Effective: 2025-01-22
  source text: On January 22, 2025, the Company filed with the SDAT articles supplementary to the Charter classifying and designating an aggregate of 16,000,000 shares of the unissued and undesignated shares of preferred stock and provided for their issuance as 11,200,000 shares of the Series L Preferred Stock and 4,800,000 shares of the Series M Preferred Stock (together, the “Articles Supplementary”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1232582/000110465925006692/0001104659-25-006692-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.