Braemar Hotels updates preferred dividend process; no 2026 common dividend due to ongoing sale

Braemar Hotels & Resorts Inc.

Series B and D preferred dividends now 'reserved' monthly alongside Series E and M instead of declared quarterly.
Dividend calculation rates unchanged for all series of preferred stock.
No 2026 common dividend policy declared because of ongoing Company Sale Process.
Monthly reserving ensures equitable treatment across all preferred series per distribution parity requirements.
New process provides flexibility for potential strategic transactions during a quarter (e.g., redemption/conversion).

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