Ashford Hospitality Trust adopts poison pill to protect tax benefits; triggers at 4.99% ownership

ASHFORD HOSPITALITY TRUST INC

Board declares dividend of one right per common share; exercisable for 1/1000th of Series N Preferred Stock at $20.
Rights become exercisable upon any person acquiring 4.99% or more of any class of Company Securities (flip-in event).
Rights expire on December 14, 2026; redeemable by Board at $0.0001 per right prior to flip-in event.
Company filed Articles Supplementary establishing Series N Junior Participating Preferred Stock.
Plan designed to preserve tax benefits (NOL carryforwards) under Section 382 of the Internal Revenue Code.

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